ourshared P2P

ourshared P2P is a procure-to-pay spend control solution designed to streamline the procurement process and provide real-time financial transparency, according to the vendor. Built on Microsoft SharePoint, this solution offers tight integration with financial systems and is suitable for small to large-sized companies. It is aimed at finance professionals, procurement professionals, supply chain management professionals, as well as those in the manufacturing and retail industries.

Key Features

Powerful Integration: According to the vendor, ourshared P2P offers an integration platform that supports cloud, on-premises, and hybrid integration. It aims to bring together various solutions and enable unified and integrated business systems, delivering value and efficiencies.

Customizable Procure-to-Pay Solution: Built on Microsoft SharePoint, ourshared P2P is a highly customizable solution that integrates tightly with financial systems. It aims to streamline the procure-to-pay process and provide real-time financial transparency, according to the vendor.

Real-time Financial Transparency: The vendor claims that ourshared P2P provides users with insight to better manage budgets and expenditures. It offers visibility into spend from purchase order to payment, aiming to help prevent unexpected expenditure and enable control of the procure-to-pay process.

Automated Purchase Order Creation: According to the vendor, ourshared P2P provides easy-to-use entry forms for raising purchase orders and reads reference data from financial systems. It aims to ensure quick and error-free creation of purchase orders.

Customizable Approval Processes: Leveraging the powerful capabilities of SharePoint workflow, ourshared P2P allows for customized approval routing of orders and invoices, according to the vendor. It caters to both simple and complex approval processes, aiming to ensure proper authorization and control of purchases.

Automated Invoice Storage: The vendor states that ourshared P2P automatically uploads and stores purchase invoices within SharePoint. It can receive documents via email, scanner, or network drive, with a manual upload option for approved users. This feature aims to simplify document retrieval and eliminate lost documents.

Automated Data Posting to Financials: According to the vendor, ourshared P2P automates the flow of referential and transactional postings, updating back to the system when invoices are paid. It aims to provide a fully automated and integrated solution, reducing manual effort and improving data accuracy.

Matching Purchase Orders and Invoices: Ourshared P2P aims to match invoices to outstanding purchase orders and automatically capture information from purchase orders in invoices, according to the vendor. It provides templates for repeat orders and invoices without a purchase order, aiming to reduce data duplication and improve accuracy.

Document Retrieval and Security: Ourshared P2P stores documents with metadata for easy search and retrieval, according to the vendor. It enables quick retrieval from SharePoint or financial systems, ensuring document security and access control. This feature aims to help meet document retention and compliance requirements.