Pn3 Solutions

PN³ Solutions, developed by Interactive Document Solutions, is a software solution designed to streamline and automate purchase and payment authorization workflows. According to the vendor, this product is suitable for organizations of all sizes, from small businesses to large enterprises. It caters to various professions and industries, including finance and accounting departments, procurement and purchasing departments, accounts payable departments, operations and administrative departments, as well as the healthcare industry.

Key Features

Paperless Purchasing & Payment Authorization Workflows: PN³ Solutions allows organizations to implement and deploy electronic purchase and payment authorization workflows that adhere to their policies and procedures. These workflows can be configured to ensure consistency and compliance with spending policies. According to the vendor, the system integrates with existing financial systems, making implementation quick and efficient. Users can access the workflows from any device, anywhere, and at any time, providing flexibility and convenience.

Improved Process Efficiency: PN³ Solutions aims to improve process efficiency by reducing the time spent on acquiring and authorizing the payment for goods and services. By streamlining and automating the purchasing and accounts payable procedures, organizations can achieve cost savings. The solution eliminates the inconsistencies and difficulties associated with paper-based procurement processes. According to the vendor, it enables organizations to enforce their spending policies effectively.

Strengthened Internal Controls: PN³ Solutions provides accounting and finance teams with tools to easily configure workflows that guarantee adherence to purchase and payment authorization policies. By implementing electronic processes, organizations can ensure consistent and controlled approval processes. The solution helps strengthen internal controls by providing visibility into the authorization status of every transaction in real-time. According to the vendor, it promotes accountability and reduces the risk of unauthorized purchases or payments.

Improved Process Visibility: PN³ Solutions offers real-time visibility into the status of every transaction, allowing users to track and monitor the progress of purchase and payment authorizations. This visibility enables organizations to identify bottlenecks or delays in the approval process and take necessary actions to expedite them. Users can access transaction information and status updates easily, eliminating the need for manual follow-ups. According to the vendor, the solution provides a centralized platform for managing and tracking all purchase and payment authorizations.

Eliminate Paper-Based Files: PN³ Solutions eliminates the need for maintaining a paper-based filing system by creating an electronic filing cabinet. The system offers secure yet easy access to transactions, supporting a paperless environment. Users can retrieve and review transaction documents quickly without the hassle of searching through physical files. According to the vendor, the electronic filing cabinet ensures that documents are organized, easily searchable, and readily available when needed.