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Procure to Pay

Managing payables effectively is not an easy task. It directly affects the profits. Companies spend huge money year on year to process invoices, perform reconciliations and to resolve vendor queries. In the event of shabby payables management, companies end up shelling out penalties, double payments and above all, reworking all over.

Technosoft formulated a professional Procure-to-pay life cycle that covers from generation of purchase order to clearance and payment of invoices. Our automated process is paper-less and labor-free. Our Procure-to-Pay service portfolio includes:

• Purchase Accounting.
• Manual Invoice Processing.
• Payment Process.
• Vendor Master Maintenance.
• Triangular Matching and Reconciliation.
• MIS and Reporting.

The benefits of effective accounts payable process are realized by enhanced attention to cost reduction and improved fiscal management.

Salient features of Technosoft solution includes:

• Talent pool with Domain Expertise
• Accurate and Swift settlements of Vendors Invoices
• Real-time tracking and reporting of all payables
• Cost-effective automated processes for error-free payables management