Yardi Procure to Pay streamlines procurement and automates your accounts payable process, so you can reduce costs, work more efficiently, and focus on your clients. This paperless solution encompasses centralized vendor management, procurement, invoice processing and payments, analytic reporting, and a vendor portal – and it supports both Yardi Voyager™ and non-Voyager accounting systems.
Eliminate Paper, Automate Approvals
Yardi Procure to Pay virtually eliminates copying, mailing, and storing paper, and minimizes ‘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 check. 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 centralizes procurement and provides portfolio-wide spend management. Online catalogs are defined by you and represent existing vendor relationships, down to the property level. Easily access favorite product lists, add items to your shopping cart, and the purchase order is automatically populated. Your ability to approve and leverage negotiated pricing across your portfolio and perform real-time budget checks maximizes spending control.
Extend Yardi Procure to Pay with smart additions from the Yardi Procure to Pay Suite. Used together, these components optimize operational efficiency with centralized vendor management, with a single source of all vendor data for total transparency and business insight. You also have the flexibility to use these components with non-Voyager accounting systems.
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for a tour of Yardi Procure to Pay:
Catalog options include Yardi-hosted with your vendor pricing; a
designated vendor's website; and utilizing the Yardi Marketplace with
Customizable approval workflows match your policies and procedures
Paperless invoice processing with online approvals for 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