Your Companylogo
Solutions
Industries
Services
Company
Procure to Pay

Optimizing Your Accounts Payable Process

Empower your team with data-driven insights from process mining to identify inefficiencies, optimize workflows to transform your accounts payable process for better Cash flow, avoid interest/penalty, and leverage discounts and insights.

Optimizing Your Accounts Payable Process

Challenges

Lack of process transparency and insufficient monitoring lead to inadequate insights that impact Decision-makers in finance across industries. Challenges include not taking advantage of discounts, scheduling payments early, not accounting for Payment Terms, scheduling late payments that incur interest and penalties, ignoring financial compliance, and more. These components of challenges and the resulting organization’s cash flow further impact the bottom line. System of Records (SOR) like SAP, Oracle, and Dynamic 365 provide some visibility to the Day-to-Day Accounts Payable team; however, they lack in-depth visibility across different entities, regions, and affiliated organizations.

Common Pitfalls

Vendor / Supplier causing Invoice Reworks

Reason behind invoices scheduled late

Duplicate Invoices

Invoice Paid missing discount

Vendor / Supplier not adhering to Compliance

Turn Around Time
Turn Around Time
8-15 weeks
Change Rate
Change Rate
7%
Maverick Buying
Maverick Buying
30%
Duplicate
Duplicate
$1.2M
Missed Discount
Missed Discount
$ 400 k
Late Payments
Late Payments
42%

Our Solution

Our procure-to-pay (P2P) Accounts Payable solution is an advanced process mining solution that enables the accounts payable team to identify and remediate process inefficiencies. The solution is designed to provide in-depth process visibility over the account payable process, segmented by Early/Late Payment Analysis, Overdue Invoice Analysis, Maverick Buying Analysis, Duplicate Invoices, and more. In each segment, Purchase Order and Invoice Data are visualized in a multi-dimensional model with hundreds of global and local filters to segment data to meet the complex analysis requirements of process owners.

Source Systems Supported

Early Payment Analysis
Early Payment Analysis
Leveraging advanced process mining tools, the early payments analysis dashboard provides detailed insights into early-paid invoices, highlighting utilized discounts and missed opportunities. This analysis uncovers cost-saving potential and supports cash flow optimization, enabling more strategic financial decision-making and enhanced operational efficiency.
Late Payment Analysis
Late Payment Analysis
Offers in-depth metrics on delayed payments, including the volume of late transactions, percentage of payments made past due dates, and the financial impact of delays. This analysis quantifies the extent of late payments and highlights trends, recurring issues, and factors such as approval delays and inefficiencies, enabling focused improvements to ensure timely payments.
Open Overdue Invoices
Open Overdue Invoices
Delivers detailed insights categorized by purchase organization, vendor, and region, including metrics such as count, proportion, and total value of overdue invoices. Offers a comprehensive view of overdue payment trends for better management and decision-making. This analysis identifies opportunities to optimize payment processes and improve working capital management.
Maverick Buying Analysis
Maverick Buying Analysis
Provides detailed insights into unauthorized or non-compliant purchases, categorized by purchase organization, vendor, and region. Includes metrics such as the percentage of off-contract spend and total value of non-compliant purchases. This analysis highlights trends in maverick buying, enabling businesses to enforce procurement policies, streamline purchasing processes, and reduce unnecessary costs.
Duplicate Invoice
Duplicate Invoice
It offers comprehensive insights into duplicate invoices, identifying both confirmed and potential duplicates. This analysis provides metrics such as the number of duplicates, associated costs, and impacted vendors. It helps businesses uncover patterns in duplicate submissions, streamline invoice verification processes, and prevent overpayments, ensuring financial accuracy and operational efficiency.

Features 

Benefits

Cost Saving
$ 3.5 M
Turnaround Time (TAT)
70%
Maverick Buying
10%
Cash Flow Improvement
$ 2 M
Change Rate Reduction
2%
Late Payments Reduced
5%
Duplicate Invoice
5%

Here’s how to Get Started

Effortlessly unlock business success by connecting with a dedicated Advisor, receiving a personalized Technology Roadmap, and focusing on business growth with your technology needs in capable hands.

30 Days Free.

Our experts will guide you and uncover actionable process improvement opportunities by seamlessly integrating with your source systems in the trial instance.

Business Review.

We offer solution walk-throughs and process improvement insights, enabling you to evaluate and validate improvements, ensuring measurable return on investment. Experience impactful results tailored to your business needs.

Grow Your Business.

Now that you have validated the solution and business benefits, you can focus on running your business and staying ahead of the competition.

Why Ennuviz?

50+ Years of Technology Expertise

Our wealth of experience has equipped us with the proficiency to deliver exceptional services to you.

10K Processes Modeled

We have effectively assisted organizations in delivering 10K+ Process Models to improve Adoptions and Productivity.

50+ Certified Consultants

Our team, with extensive knowledge, provides the best service and support to meet your needs.

1000+ Tasks Automated

We have successfully automated processes with enormous results benefiting the organization.

15+ Versatile Connectors

You aren’t limited to connecting only your SAP systems; our connectors allow you to connect to most enterprise source systems.

50+ Prebuilt Transformations

Our Prebuilt Transformations deliver Clear visibility over your process, covering your array of enterprise source systems. Not just SAP.

100+ Process Mining Apps

Our Process Mining Apps support SAP and non-SAP source Systems and cover a wide variety of use cases. They are simple to install and ready to optimize.

Migration

Migrate your existing Process Mining solution from tools like Celonis to SAP Signavio Process Intelligence, saving 70% migration effort.

Let's get started today

Because we put you first. Our customer-obsessed working model honors client's needs.

Schedule Demo

Accelerators that Increases your Success

Unleash the potential of our powerful accelerators, crafted to deliver quick wins and scale your process transformation initiatives with precision. At Ennuviz, we are dedicated to propelling your growth and positioning your business for unparalleled success in the digital era

image

Finance Audit & Compliance

Enhance compliance, financial control, and risk management for various industries. It ensures SOP adherence, flags transactional deviations, detects unauthorized approvals and duplicate invoices, and optimizes invoice processing for better cash flow.

image

Incident Management

Harness data-driven actionable insight to streamline incident management, minimizing rework, reassigns, and SLA breaches, improving service quality and customer experience, and reducing costs ensuring customer satisfaction and loyalty.

image

Compliance Remediation

Boost SLA compliance and reduce material rejections by optimizing Master Data Management processes in the supply chain domain, optimizing process and data, and ensuring seamless workflow to improve overall performance and productivity.

Check out our latest insights