Experience Procure to Pay Excellence

Seasoned Accountants. Mature Processes. Automation

Procure to Pay Services and Solutions

Metriqe Solutions’ finance and accounting BPO and technology solutions portfolio across industries and helps you manage your entire accounts payable process chain. From processing invoices to ensure smooth month-end closures, we help you infuse process automation, improve compliance and reduce costs.

Our Procure-To-Pay Services Portfolio

Take your accounts payable processes to best-in-class levels while reducing your costs to process and establishing financial controls through consistent policy adherence  with Metriqe’s global delivery model, workflow automation solutions, and seasoned team of accounting professionals.

 
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  • Document imaging and indexing

  • Archival and retrieval of images

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  • OCR – enabled Invoice data capture into your ERP

  • Coding and routing for approval

  • Matching against PO and goods receipts

  • Resolution of missing PO issues

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  • Three-way matching of invoices, POs, and Goods receipt notes

  • Business Rules for Process

  • Presentation of Payment advices

  • Initiating payments through multiple channels

  • Duplicate payment controls

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  • Address queries from vendors – email, phone, chat, and web

  • Multi-lingual support

  • Vendor self-service solutions

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  • Vendor set-up and maintenance

  • Product set-up and maintenance

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  • Credit Balance analysis

  • Duplicate payment audit

  • Quality checks for accounts payable and invoice processing Reconciliations

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  • Travel & Expense processing

  • P Card processing Corporate card processing

  • 1099 processing

  • VAT Reporting

  • Reporting and Analysis

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  • Business Process assessments

  • Analytics and KPI reporting

  • Workflow automation Invoice processing automation

  • Business Rules standardization

 

Our Value Proposition

Our comprehensive procure-to-pay services capability includes:

  • Team of Accounting Professionals well-versed with the procure-to-pay process chain

  • Process automation solutions such as OCR capability

  • Process standardization solutions led by our team of accountants who have helped identify standardization opportunities, implement vendor invoice streamlining methods, reduced non-PO spends,

  • Spend Analytics capability In-built OCR engine with high volume transaction processing capabilities

Solution Benefits

  • 60% cost reduction through process automation, process standardization, process enhancement,  and global delivery

  • Perform spend analytics to negotiate better contracts and category-specific procurement streams.

  • End-to-end Procure-to-pay process management from receipt of invoices till the remittance of payments

  • Meaningful SLAs for accuracy (95% + clerical accuracy, 99.5% payment accuracy)

  • Reduce cycle time from 5 days to an average of 2 days

  • Improve vendor relations through timely payment processing and vendor support

 

Request for Information

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