Understanding the term “Procurement to Pay Process” 

Procurement to Pay (P2P) also called “Procure to Pay process” is a term used to define a business process and not a software or a technology in itself. P2P summarizes various steps involved in the Procurement process of any business. 

Steps included in Procurement to Pay Process across industry

1. Requirement Generation 

2. Requirement consolidation 

3. Vendor Evaluation 

4. Purchase Order Generation 

5. Receiving Goods or services 

6. Recording of Invoicing  

7. Payment

The above steps can be executed manually or through a well-designed software. The use of software in the procurement process started as early as in the 1990s. Over the last 30 years, technology has traveled from being a luxury to a necessity and from becoming unaffordable to affordable. 

However, today also business owners are not comfortable with implementing ERP software due to their implementation complexity. If one has to compare the adaptability of software, plug and play software will always give very high-level comfort as compared to complex software’s which takes months to implement and go live. The push back on ERP implementation comes primarily due to 4 factors:

1. Lack of awareness of the cost savings post successful implementation 
2. Price of ERP Software
3. Implementation time 
4. Fear of failure of ERP in your company after implementation 

About TYASuite Procurement to Pay Software

TYASuite Procurement to Pay software that will fit all businesses and Fully customized cloud ERP designed with a customer-centric approach, easy to manage with Play and play features. 

TYASuite is a robust ERP platform that automates the Procurement to Pay Process very effectively and offers reports and insights to gain more control, visibility on account payment.

TYASuite Procurement to Pay (P2P) is a next-generation cloud-based suite that manages all when it comes to your procurement process, from purchasing to vendor payments. The platform helps Businesses (B2B or B2C) streamline to give more control, visibility ensures consistency and accuracy from start to finish. It improves the complete lifecycle. 

Top Benefits of switching to TYASuite Procurement to Pay Software

TYASuite has launched a cloud-based platform to handle many of the industry burning issues. The platform is backed by decades of the business process expertise of its founders and professional team members working across company sizes and industry types. Key problems solved by 

TYASuite P2P Platform is summarized below: 

1) Automating entire Procurement to Pay Function: 

Entire procurement to payment process of an organization can be automated through this platform. Whether you are an Indian Company worried about complex GST and TDS compliances or outside India Company, the TYASuite platform automates your entire business process and brings huge savings in your operation cost. Unlike existing ERP players in the market, TYASuite modern user-interface is highly user-friendly and doesn’t require any special training. The management can download various reports in a click enhance their decision-making time and get the benefit of real-time business data. 

2) Plug and Play Platform

TYASuite is the pioneer of Plug and Play ERP. Companies can go live with TYASuite Procurement to Pay Platform within a few days. With more than 2000 plug and play features added to the workflow, the business can get started within days. 

3) Price 

TYASuite has ensured that the price of its platform is affordable. Even smaller companies can take advantage of technology within their budget. Industries can save up to 75% as compared to other market players in the ERP Industry.

Companies can take advantage of the TYASuite Unified platform and extend the benefit to other departments /processes like Inventory management, Asset, and warranty management, Project Management, Compliance Management, Finance Modules and many more. 

Streamline your Procurement by automating the entire process

Eliminates manual intervention in performing tasks and business inefficiencies with proactively managing each stage. When the process is automated, it is easier to evaluate the right product from the right supplier at the right price. Improve Operations excellence by Saving the time also its ability to cut down on boring tasks through automation.

Below are the top reasons, which make fall in love with TYASuite P2P Cloud ERP platform

1. Centralized Cloud ERP 
2. Top-notch Data security
3. Manage more efficiently and save money 
4. Integrate & Automate Functions 
5. Easy to use, fast, guided experience 
6. Easy access to records
7. Bulk Import/Export
8. Catalog management 
9. Proactive reporting
10. Optimize Your Daily Operations.
11. Improve Cash Flow
12. Automates Manual Tasks
13. Business spend control
14. User controls at every level
15. Financial Controls through reports
16. Data Insights

Bottom Line 

Cumbersome processes (on-premises or manual bookkeeping) prevent procurement businesses from growth and unable to add more strategic value. Choosing the right cloud ERP based procurement to pay software needs time and planning that gives you peace of mind and use with confidence. There are multiple procurements to pay software solutions available in the market. But, if you are especially looking to save 50% of existing operation cost within a week and achieve 10X Return of investment (ROI). Then you are in the right place.

Drive into TYASuite Procurement Software and discover what value we can add to your business.