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Procure to Pay (P2P)

Process Mining for Procure to Pay (P2P)

Process mining for procure-to-pay (P2P) helps identify inefficiencies and bottlenecks in procurement and payment workflows, leading to smoother operations and cost savings. By providing end-to-end visibility, it ensures compliance with procurement policies and reduces risks of fraud or errors. Additionally, process mining enables data-driven insights that optimize supplier management and improve payment cycle times.

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How can Process Intelligence help improve your Procure to Pay (p2p)?

Reduce Order Cycle Time
Process mining identifies bottlenecks and inefficiencies, enabling optimization of the P2P process to reduce delays.
Automate 3-Way Matching
Streamlines the three-way matching process in procure-to-pay by automatically detecting discrepancies between purchase orders, goods receipts, and invoices.
Continous Improvement
Continuously monitor your process efficiency and make it an integral part of your procurement operations.
Audit and Compliance
Audit your invoice processes including approvals and other compliance requirements.
Eliminate Maverick Buying
Breakdown your maverick buying to identify the cuases and patterns.
Early/Late Deliveries
Get to the root cause of early/late deliveries.
Unused Potential Discounts
Identify the root cause of missed cash discounts so you can capture them movign forward.
Increase Touchless PO's
Identify process inefficiencies and automate routine steps, enabling faster approvals and reducing the need for manual intervention.

Empower your Procurement Operations with Process Intelligence

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Process Mining

Unlock the potential in the data you are already collecting to improve your procurement operations.

Supplier Performance
Data-driven insights into supplier performance helps procurement teams make informed decisions, negotiate better contracts, and enhance supplier relationships.
Identify Inefficiencies
Uncover bottlenecks and delays in procurement workflows, allowing departments to streamline processes and reduce lead times.
Compliance and Risk Management
Detect deviations from procurement policies and highlights potential risks, ensuring greater compliance and reducing the chances of fraud or errors.
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Data Driven Decisions
Provide your team with the data they need to make informed decisions.
Streamline Processes
Improve your process to unlock the hidden capacity in your resources.
Continous Improvement
Understand your performance and monitor the impact of changes.

Enable your team with Operational Intelligence!

Operational Intelligence goes beyond KPIs and Metrics and provides your organization with operational insights described in natural language. No more trying to interpret complex metrics, mindzie delivers insights in easy to understand plain language with the details your business needs to drive improvement.

Operational Intelligence Report
Fully Customizable
Focus on what’s most important based on role, responsibilities, and your company’s overall priorities.
Schedule
Deliver the insights your team needs when they need them with customizable scheduling and delivery.
Multi-language
Select the delivery language to ensure your team can understand what needs to be done.

Ready to start your transformation?

Meet with one of our product experts and let them guide you through a tailored demonstration.
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