Enabled by Procure to Pay applications, procurement and AP can create more efficient ordering, replenishment, and payment processes, and generate cost savings, reduce maverick spend, and improve cash flow. K2 Sourcing has the transformation expertise and expert support to ensure your P2P success.
Spend Analytics – for better decisions
Real-time visibility to improve negotiation results, reduce maverick spend, and enhance cash management. Users are able to download exceptional reports, create and share stunning visualizations of spend, purchasing and AP performance metrics across multiple locations and devices.
E-Procurement – for people-friendly purchasing
Streamlining the requisition and purchase process through automation and mobile while delivering more of negotiated savings via greater end-user adoption. Eliminate walking around and emails. EProcurement includes contract compliance, catalogs, purchase requisitioning, ordering and supplier portals.
E-invoicing – go paperless today
Cut AP costs by as much as 90% by going 100% paperless. Switch immediately from manual, paper-based processes for improved process automation and better working capital management. Multiple receipt methods make it easy and fast to implement. Provides one platform connecting you and your trading partners with automatic format conversion and tax compliance assurance.
AP Automation – for greater efficiency
Assured compliance, improved invoice management, optimized payment timing, reduced costs and increased productivity fully integrated. AP Automation gives insights needed to proactively manage cash flow, liabilities and working capital across the organization. AP automation combined with e-invoicing enable a degree of financial agility not seen before.
Why K2 Sourcing?
The procure to pay process touches many areas of an organization and can be very complex. K2 Sourcing has the process expertise; from shop floor and back-office requisitioning, through contract creation and catalog loading, to configuration and automated matching, to implementing paperless systems to ensure both the system and the process are optimized. The P2P application has over 3000 clients with purchase orders and invoices as few as 600 per month to serving the largest global conglomerates. To benchmark your P2P processes and determine if there is a return on investment for you contact K2 Sourcing.