The key objective of every CFO is to drive profitability, and it is therefore imperative for them to increase efficiency of procurement processes, build healthy supply chains, optimize supplier costs, and minimize errors.
Datamatics’ procure to pay - P2P solutions suite comes with end-to-end cost optimization techniques for handling shared services, procurement, and accounts payable processes.
Datamatics deploys a suite of proprietary frameworks and digital platforms to automate p2p processes. From intelligent OCR to capturing and processing invoices, rules-based contract validation and management, to analytics-driven supplier performance management, Datamatics’ robotic process automation technologies help the CFO transform the supplier value chain.
Datamatics procure to pay solutions enable the CFO office to accelerate the payment process and have a tight control on the organizational spend. Faster P2P process cycles enable CFOs to avail early payment discounts as well as reduce the inventory carrying costs by adopting the just in time (JIT) paradigm. It also enables the business to leverage end-to-end automation over a digital platform across the supplier ecosystem.