Procure-to-Pay
Streamline your procurement processes
Accounts payable teams often struggle with manual processes that take up a lot of time and resources. Not only is this inefficient, it also makes it difficult to measure key accounts payable (AP) metrics as well as the management of Purchasing and AP processes remotely.
Procure-to-Pay solutions help to automate your procurement process by digitally connecting organisations, vendors, procedures, policies, and processes. Ricoh’s Procure-to-Pay solutions eliminate laborious searches, investigations, and review processes while providing digital approvals for purchase order (PO) matching, general ledger (GL) coding, and analytics. Ricoh brings together best-in-class products, software, and integration expertise to tailor your Purchasing and Accounts Payable solution that will help increase productivity and reduce cost.
Ricoh’s Procure-to-Pay
Solutions
Processing invoices is an essential, yet tedious and repetitive task that can put a huge strain on your organisation’s workflow. Exceptions requiring manual intervention further drag down the invoice and payment process. Meanwhile, less than half of organisations can measure key AP metrics. Consumers today want faster and more reliable business processes than ever before, and most businesses have cut the time it takes to process an invoice to just seven days, with some needing as few as two.
These issues are exacerbated by the fact that manual processes cannot be managed in a work-from-home environment—and the reality is that in a post-COVID-19 pandemic world, a business must account for remote working situations.
Ricoh’s AP solution is designed to help your organisation stay ahead of the competition and improve productivity. With a variety of best-in-class products, software, and expert integration capabilities, Ricoh can tailor an AP solution that helps automate invoice processing while reducing costs.
Procure-to-Pay
- Unlock and deliver greater value in your organisation by improving timeliness and convenience
- Automate the procurement process by digitally connecting organisations, vendors, procedures, policies, and processes to leverage the power of digital approvals, PO matching, GL coding, and analytics
Benefits of Procure-to-Pay
There are many benefits of using Procure-to-Pay solutions in an organisation. By automating the process, organisations can gain significant cost savings and improved efficiency.
Get rid of paper invoices
Digitise your invoicing processes. Electronically capture, digitise, and process invoices regardless of their format and eliminate the usage of physical invoices. With artificial intelligence (AI), machine learning, optical character recognition (OCR), and other technologies, you get an invoicing solution that saves you time and money.
Improve operations
Stop using inefficient, manual invoice processes. Decrease the risk of fraud and payment errors and unlock deeper data insights while increasing productivity.
Integrated Procure-to-Pay process
All invoice data—from supplier details to payments—are synchronised from your Enterprise Resource Planning (ERP) or accounting system to the AP automation platform, ensuring accurate information across the Procure-to-Pay lifecycle.
Why Ricoh?
Ricoh is a leading provider of digital services, process automation, and information management solutions designed to support digital transformation and optimise business performance. Backed by an 85-year history of cultivating knowledge and nurturing organisational capabilities, Ricoh empowers the creation of digital workplaces utilising innovative partners and technologies, providing the expertise and services that enable individuals to work smarter from anywhere.
How we create Workflow and Automation Solutions
Advisory and Design
We work with our customers to understand their business objectives and barriers.
Build and Deploy
We build the right solutions and successfully deploy to optimise adoption.
Manage and Support
We manage and support the deployed solutions and tech environment proactively.
Recommended resources for you
Why Automating Accounts Payable Should Be Your Next Strategic Goal
Read about the key advantages of an accounts payable automated solution, including real-time views of cash positioning that aid in strategic business decisions.