Purchase-to-Pay

The functioning purchase-to-pay or order-to-cash process forms the basis of each company and can be easily outsourced.

Purchase-to-pay components

• Modeling of the entire process from ordering through to receipt of goods up to the payment of the supplier’s invoice
• Design, implementation and commissioning of the solution with advanced software components
• Operating and hosting the solution in Tessi Solutions’ data center
• Receiving the vendor invoice, processing, review/reconciliation and account assignment by Tessi employees
• Forwarding special cases for review and instruction to the customer’s specialists

Objectives of a purchase-to-pay solution

• Electronic processing of the purchase requisition and approval through the highly automated account assignment, review and approval of the invoice to the archiving of all documents and records
• Process automation and shorter processing times
• Compliance, traceability, and transparency of the entire purchase-to-pay process
• Know the status of each order and invoice
• Updated liquidity planning/overview of all liabilities at any time
• Dashboard with analyzes, reports, and KPIs