How Eye-share simplifies the purchasing and financial processes in enterprises
The role of Chief Financial Officers (CFOs) has evolved. Today, CFOs are catalysts for innovation and operational excellence! One of the most important tasks is to streamline the Purchase-to-pay (P2P) process. Traditionally these processes are complex, manual and prone to errors. This is expensive for the company and time consuming for the employees.
By simplifying and automating their P2P, the companies gain greater efficiency, accuracy and visibility. Learn how Eye-share’s simplification of the P2P process can benefit your business.
Eye-share has developed and provided P2P automation software for more than 20 years. We offer a complete suite of solutions that covers the entire P2P process, from sourcing and procurement, to invoice processing, approvement and payment.
The eye-share Workflow integrates seamlessly with any ERP system, and uses artificial intelligence (AI) and explainable AI (XAI) to ensure accurate data capture, interpretation, coding, matching to the PO (purchase Order), approval workflows, and data analysis.
Eye-share simplifies:
Streamlined cost control
eye-share Workflow tracks purchase orders, ensures all costs are accurately recorded, and monitors supplier invoices against POs, supplier contracts, and set limits. This guarantees that expenses do not exceed the administrative cost limits associated with any agreement.
Automated P2P process
With an automated P2P process, employees with the necessary permissions can effortlessly create, approve, and monitor requisitions, purchases, and contracts. Suppliers, products, and product catalogs are pre-approved through a predefined setup, ensuring a smooth and efficient workflow.
Improved invoice processing
Your invoice processing will be simplified and more efficient, due to the use of AI and XAI for capturing and interpretation of invoices of any form or source. eye-share Workflow also enables you to validate, match, code, approve and book invoices 100% automatically, as well as efficiently managing exceptions and disputes.
Enhanced payment process
eye-share Workflow integrates with any ERP system, ensuring an efficient and streamlined payment process. It provides comprehensive visibility into the payment workflow, allowing you to easily track and manage your financial obligations.
Improvements using eye-share Workflow:
Reduce cost and improve efficiency and productivity:
By eliminating manual tasks, reducing process time, and enhancing accuracy, the company achieves greater efficiency and shorter processing times in the P2P process. This enables employees to concentrate on more strategic and value-added activities.
Enhance visibility and control:
The single, centralised and user friendly platform provided by Eye-share, enables your employees to monitor and control your purchasing and financial processes in real time. Data and insights are accessible at all times and you can easily compare your company’s achievements to your KPIs and goals.
Simplified revision and internal user audit:
By giving the accountants direct access to eye-share, they can ensure that approval processes, 4-eye principle and authority hierarchy are being maintained and followed. eye-share keeps a log and has dedicated tools for automated audits producing reports of user accesses and activities.
Strengthen supplier relationships:
The transparency and real time monitoring provided by eye-share, enables your business to improve the communication with your suppliers: The relevant data is easily at hand and timely and accurate payments help build sound and trustworthy relationships with your suppliers.
Achieve efficiency and accuracy with eye-share!
Are your procurement and payment processes manual, time-consuming, and prone to errors? Searching for a simple and automated solution?
Join the ranks of over 6000 businesses that trust Eye-share! With over 20 years of experience and expertise in P2P automation, we are dedicated to making your processes more efficient and accurate. Reach out to us today to discover how we can assist your business!
