Name: Procure to Pay
Author: WeP Solutions

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The Wepsol Procure to Pay Solution is a cloud-based platform designed to streamline and optimize the procurement process for organizations of different sizes. According to the provider, this solution caters to professionals in procurement, supply chain management, finance, operations, and the retail industry. It offers features such as automated task management, real-time visibility, indent creation, and purchase requisition approvals. The solution also includes quotation and vendor management capabilities, cost-saving measures, streamlined purchase order management, compliance and risk oversight features, and integration with existing Enterprise Resource Planning (ERP) systems.

**Automated task management**: The solution automates various procurement tasks, including data entry, document generation, approval routing, and vendor selection.

**Real-time visibility and push alerts**: Users can effectively monitor and control the procurement process with real-time visibility. The solution also provides push alerts for important updates and notifications.

**Indent creation and purchase requisition approvals**: Users can easily create indents and efficiently manage approvals at multiple hierarchy levels through automated notifications and reminders.

**Quotation and vendor management**: The solution offers a comprehensive dashboard for managing and comparing quotations from multiple vendors. Users can evaluate vendors based on factors such as delivery, quality, and discounts.

**Cost savings and quality control**: The solution helps achieve cost savings through effective quotation comparisons, vendor shortlisting, and discount utilization. It also ensures stringent quality control measures for procuring high-quality goods and services.

**Streamlined purchase order management**: Users can generate and send purchase orders directly from authorized purchase requests, streamlining the purchase order management process.

**Compliance and risk oversight**: The solution ensures compliance with policies, regulations, and standards, reducing the risk of fraud, errors, disputes, data breaches, and legal issues.

**Integration with existing ERM**: The solution seamlessly integrates with existing Enterprise Resource Planning (ERP) systems, facilitating data exchange and process integration.

Tipalti automates critical financial processes to drive efficiency, including accounts payable, mass payments, procurement, and expenses, all on one global finance automation platform that grows with the organization, automating, de-risking and simplifying finance.

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Procure to Pay

Procurement software automates the process of purchasing materials and replenishing inventory. Central to it is electronic purchase ordering and approvals, as well as invoicing and bill payment. The software includes vendor management for competitive pricing and service and vendor follow-ups. Procurement is an essential component of supply chain management and may be available via supply chain management suites.

Procurement

WeP Solutions

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Procure to Pay

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What is Procure to Pay?