PURCHASE TO PAY

We help organizations with digital transformation and process optimization from purchase to pay.

TECHNOLOGY

We use various cloud solutions to suit more sizable organizations.

INTEGRATIONS

We work with several P2P solutions that interface with leading ERP systems.

Digital transformation of
procurement

 

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Procurement automation


An organization's purchasing function includes not only spending on products to serve the primary business process, but also orders that support the business process. Products that are ordered frequently but represent a low value.

This indirect spend is often uncontrolled and "organized" at the departmental level. Typically, these products are ordered adhoc and from many different suppliers. Because of the frequency, the ordering process itself is costly and certainly not a paragon of compliant working. Moreover, purchasing prices and conditions are not closely monitored.

Read more about maverick buying 

Expenses under management


Ideally, indirect spend remains decentralized, but in a regulated manner.
Regulation begins with rationalizing the supplier base and formalizing relationships with preferred suppliers, through contracts.

This lays the foundation for more favorable terms and purchasing prices, and a cheaper and compliant ordering process.

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Central purchasing platform 


To take advantage of the benefits of working with preferred suppliers, a central purchasing platform offers a solution. A "corporate webshop" where employees themselves can order products from preferred suppliers.

Orders are valued based on defined budgets, submitted to budget holders through a workflow, and formalized uniformly in the form of a PO.

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Supply chain integration 


In addition to an order form, the purchasing platform can be populated with products from preferred suppliers:

  • E-Catalogs: let vendors upload and manage catalogs themselves.
  • Punch-out: order takes place on a preferred supplier's e-commerce environment, after which the order is pulled in to the central purchasing platform through a cXML link. 

Integration with accounts payable


A regimented procurement process with formal POs, supplemented by order confirmations, makes invoice processing much easier. Invoice information can be automatically matched with the PO, among other things.

The straight-throughput processing of invoices, in turn, creates opportunities for procurement, as well as for early payment discount agreements.

Read more about accounts payable 

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Spend dashboards


Automation makes spending insightful and measurable. The basis for continuous improvement of the procurement process, but the insight also serves as input for conversations with suppliers.

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Payment plan dashboards provide insight into active payment plans at different vendors, how much money is spent through payment plans, how much money is matched to payment plans and how much is left over.

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Procurement dashboards provide insight into howspending is distributed within the organization by suppliers and cost centers. Spending can be valued by various KPIs such as the proportion of controlled versus uncontrolled spending.

What does ICreative do


We are purchase-to-pay partner for organizations, institutions and governments. We feel particularly at home in large and complex administrations, such as the use of multiple ERP systems.

Exchange views on procurement automation? 


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