OneMarket Procure-to-Pay

OneMarket Procure-to-Pay is a procurement technology platform designed to optimize the procure-to-pay process and empower buying teams and business users to effectively manage their expenditures. This solution caters to the needs of procurement professionals, sourcing professionals, supply chain professionals, finance professionals, and the retail industry.

Key Features

Efficient Supplier Experience and Invoicing Process: According to the vendor, suppliers can easily submit invoices through the Supplier Portal, eliminating manual processes. The system generates invoices that are ready for processing and match the required criteria, enabling the team to focus on high-value tasks.

Comprehensive Analytics and Reporting: The vendor claims that OneMarket Procure-to-Pay provides detailed analytics and reporting on all aspects of the procure-to-pay process. Users can gain valuable insights and effectively manage spend compliance.

Expert Implementation Support: With over a decade of hands-on experience in procurement, the vendor's implementation team guides users through each step of the process to ensure a successful rollout. Users can rely on their expertise for a seamless implementation.

Controlled Procurement Process: According to the vendor, users can align the procurement process with their sourcing strategies. The platform offers a range of tools, including eCatalogs, Rate Card calculators, and powerful eRFQ tools, to effectively manage spend. Buyers have full control over spend management to achieve optimal results.

Simplified Spend Compliance: The vendor states that a simple and intuitive Requisition and Approval workflow ensures spend compliance across the business. Users have clear visibility into spending and can enforce procurement policies. The streamlined process simplifies compliance.

Change Management Control: According to the vendor, the system supports a closed-loop, component-level purchase order process with electronic submission to the Supplier Portal, ensuring a single source of truth. The platform also provides digital change order support, allowing buyers to maintain accuracy even with last-minute changes. Users have complete control over change management processes.