Procure to Pay

  • Reduce Costs with Paperless P2P

    Go paperless with our centralised procure to pay solution. Gain spend management with approval workflows, electronic invoice processing and payments, reporting, and analytics.

Yardi Procure to Pay™ streamlines and automates your accounts payable process, so you can reduce costs, work more efficiently, and focus on your clients. This paperless solution encompasses centralised procurement, invoice processing and payments, and analytic reporting — and it supports both Yardi Voyager® and non-Voyager accounting systems.

Product Highlights

 

  • Eliminate Paper, Automate Approvals

    Yardi Procure to Pay virtually eliminates copying, mailing, and storing paper, and minimises ‘touch points’ that can lead to lost invoices and data entry errors. Electronic invoices are automatically imported directly into Voyager, with an online approval workflow that reduces cost per invoice and improves productivity. Timely payments are enabled by EFT or cheque. Electronic vendor invoices automatically map to, and compare against, user-generated purchase orders. Lines are compared against price, SKU, and quantity to ensure the ultimate payable correctly maps to the purchase order (sale of record).

  • Reduce Costs, Gain Oversight

    Yardi Procure to Pay centralises procurement and provides portfolio-wide spend management and allows you to perform real-time budget checks to maximise spending control.

  • PAYscan

    Yardi PAYscan™ automates invoice processing and provides an online approval workflow that helps you work more efficiently. Paper invoices are scanned and converted into Voyager electronic transactions, and the approval process is streamlined according to your customised workflow rules. To complete the process, timely vendor payments are made via EFT or cheque.

Key Features
  • Customisable approval workflows match your policies and procedures
  • Paperless invoice processing with online approvals and timely automated payments via EFT or check (Voyager Accounting System)
  • Systematic matching of electronic purchase orders to invoices
  • GL account balance insight during the entire AP process
  • Standard reports and analytics let you assess transactional data
  • Mobile applications enable greater operational efficiencies
  • Yardi PAYscan Mobile available in the iTunes App Store and Google Play Store

Key Benefits
  • Ensures real-time business operations and data access with a single database
  • Provides insight to trial balance impact prior to payment
  • Reduces costs with paperless invoice processing and reduces processing time
  • Eliminates lost invoices, duplicate payments, and potential overpayments
  • Models service contracts to track financial and operational progress
  • Reduces overall audit fees and support effort
  • Features comprehensive reporting and analytics from purchase order to invoice to payment