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Procure to Pay (P2P)
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The Procure to Pay cycle drives profitability with costs as the key drivers. The enterprise procures goods and services to conduct its operations and service customer orders. Clearly enterprise growth objectives ride on financial efficiencies gained from error-free, speedy ordering, optimizing accounts payable (AP) and managing vendors.
At Minacs, we provide you end-to-end P2P support, leveraging technology and deep process knowledge, including the ability to seamlessly provide specialist procurement solutions.
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Procurement processing: including purchase requisitions, RFQ, quote comparison, Purchase Order (PO) processing, vendor master creation.
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Vendor payment processing: including vendor liability creation, PO/ Non PO bills, 2/3 way matching, auto approval — based on Minacs process flow, query handling, audit trails.
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Employee claim processing.
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Tax processing.
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Accrual entries: including schedules and monthly closing.
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Managed procurement solutions and supply chain management.
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Workflow driven AP efficiencies to accurately track discounts, match POs with goods received and invoices eliminate incorrect payments and late payment penalties.
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Whether we manage P2P processes or you leverage our sourcing expertise and technology for an end-to-end solution, we unlock targeted value, including cost savings, staffing productivity gains and sustained vendor satisfaction levels.
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...much appreciate your professionalism and hard work to help us transition and pay our international employees. We are happy to have partnered with you… |
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Manager, Information Technology; US government contractor
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