Converga - Procure 2 Pay (ConvergaP2P)

Converga's Procure 2 Pay (ConvergaP2P) solution is a leading edge procure-to-pay service that addresses the entire purchasing process from the initial order through to the final invoice payment. Each part of ConvergaP2P can be used in combination with the others. This includes Invoice, Buyer, Contract, SupplierPortal
and Dashboard.

ConvergaP2P Invoice fully automates the accounts payable function through the use of our exclusive cascading matching and routing technology. This unique feature allows our customers to experience the utmost in straight through processing. Every invoice coming into the system is reviewed by the matching engine to determine which type of matching will be used. Once evaluated by the system invoices will be pre coded and routed automatically. Invoices with purchase orders are matched both on header and/or line levels. Two, three and four way (tolerance) matching can be done automatically. Even expense (non PO) invoices can be automated through the use of reference matching capabilities inherent to the product. Invoices that match outside the pre-set tolerance level or invoices from new suppliers are automatically forwarded into the workflow process through an easy to use web interface called the InvoiceLog. The concept of easily defining workflow proposals and account coding rules to each and every invoice ensures unlimited workflow flexibility and maximises straight through processing.

Converga P2P Buyer greatly simplifies the procurement and subsequent invoice matching process. Users of Buyer can leverage catalogues or perform ad-hoc requisitioning to create shopping carts. Buyer can then utilise existing approval workflows or new ones to route requisitions for approval. Once approved the requisition is transformed into a purchase order and delivered to the supplier. Goods and services can be "received" within the system facilitating a two or three way match process and straight through processing to the ERP. Operational expenses (OPEX) as well as Capital expenditures can be managed by the system. Also available with Buyer is a specific Capex module that can be used for approving capital expenditure requests and checking against budget limits and authorisation rules.

Converga P2P Contract provides our customers with an easy to use, intuitive supplier contract management product. This module offers a repository for structuring and managing business contracts and recurring invoices. Using our unique cascading matching it also acts as the basis for automating the match of supplier invoices against contract terms, conditions, pricing and periodicity of invoices. Contract is an easy way of automating all kinds of recurring or pre-approved invoices. Any invoices meeting the terms of the contract can automatically be sent for payment with no human intervention. Invoices are tracked against contract value and will be stopped if the total contract value has been met or the term expired.

Converga P2P SupplierPortal extends communications and exceptions handling capabilities to assist our customers suppliers and business partners. SupplierPortal is a complete and functionally rich self service supplier portal. Customers that implement this module can provide their suppliers with easy access to information concerning processing steps and payment information of their own invoices. This self service process drastically reduces the number of phone calls into the AP department or other internal users. Suppliers can choose to view the status of their invoices and submit an electronic message concerning resolution. SupplierPortal also provides users with a simple way of generating and submitting web invoices or credit notes that will not require scanning or data entry.

Converga P2P Dashboard provides business-critical information about processing efficiency through an elegant corporate dashboard. Dashboard users can also communicate through the web interface, and internal corporate news such as important notifications can be exchanged and shared.

Download Brochures:

ConvergaP2P Overview (PDF)

ConvergaP2P Invoice (PDF)

ConvergaP2P Buyer (PDF)

ConvergaP2P Contract (PDF)

ConvergaP2P SupplierPortal (PDF)

Ready to learn more?:
Phone: +65 6725 6250
Email: Singapore