The business benefits of epsys
The benefits for your finance team
The streamlined financial processes epsys delivers will help you maximise your business financial performance.
epsys e-Procurement software provides the following key benefits to the financial elements of a procure to pay process:
- full order to invoice visibility
- accurate and detailed accrual information
- scheduled invoice file and journal import generation
- no requirement for invoice or accrual input or posting
- a proven automated invoice reconciliation and dispute resolution process
- 100% price and quantity validation
- full supplier statement reconciliation
epsys will not only maximise the efficiency of your financial process it will significantly enhance cost control procedures; with the following features:
- flexible authority level control limits
- point of order budget control
- controlled off-catalogue purchasing module
- petty cash module
Key benefits
epsys specifically addresses a number of key challenges which often arise within organisations who need to control their spend throughout their estates, namely:
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Streamlining workloads
associated with the processing of the many financial transactions carried out both at individual units and head office.
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Time saving
electronic automation of day-to-day processes and business reporting transforms operational efficiency.
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Finance system integration
seamless transfer of key trading data and reconciled/accrued invoice files into your main finance system.
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Complete invoice and catalogue price control
ensures that orders are placed against agreed prices to maximise financial potential.
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Standardised ordering system
build multiple supplier orders across diverse categories from one screen set.
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Point of order budget control
promotes correct phasing of purchases through a budget cycle.
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Reduced administration costs
associated with order, invoice and credit processing time.
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Reduced administrative errors
automatic, line by line invoice checking to identify creep and other errors.
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Enhanced management information
specifically designed to target buying effectiveness and operational improvement.
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Comprehensive purchasing analysis
with real time, product level detail.
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Improved financial control
with full order to pay transparency.
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Reduced operational costs
associated with supplier management.
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Increased accuracy
with instantaneous point of order budget control.
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Improved supplier performance
through integrated supplier KPI tracking.
