Procure to Pay
Retail AP Automation
Retail and ecommerce companies are unique when it comes to accounts payable.
Your business depends on a complex chain of inventory suppliers and vendors. This creates enormous risk compared to other industries, so you need tight control over invoice processes to prevent fraud and build strong supplier relations.
You need an AP solution that is flexible and adapts to your workflows and processes in order to stay on top of your supply chain.
At the same time, the retail industry is one of the most competitive industries in the business world. To remain competitive you need real-time insight into your purchasing and payment details. And to stay on top of trends you need to be able to change purchase and payment decisions quickly.
But most importantly, the sheer volume of invoices that your accounts payable department processes can be overwhelming - especially when performing 2 way or 3 way match.
Whether you are processing hundreds of invoices or month or thousands, an efficient AP automation solution with in-built data capture capabilities can streamline your accounts payable workflow and save you time, money, and frustration.
Retail AP Automation software powered by CoreIntegrator provides a paperless, automated solution for retail and ecommerce companies.
In fact, CoreIntegrator has developed retail AP automation software that automates the entire process of procure to pay.
And by implementing our ePayment solution you can even earn cash back on every bill you pay!
Retail and Ecommerce Companies Face Unique AP Challenges
We understand that retail companies deal with a vast array of vendors with different business portfolios. So you need a configurable system that can handle complicated accounts and workflow.
You need automation that can handle internal vendor management processes so you can keep up with the speed of the rapidly evolving industry.
Paper-based AP processes leave you vulnerable to purchasing blind spots. AP automation provides visibility into the entire AP process. Visibility that can keep you up to date in real time about the status of the purchase orders, invoice approvals, and payments.
Perhaps most importantly, AP automation significantly reduces invoice processing time. So you can pay your vendors well within time. In fact, with AP automation you can qualify for early payment discounts!
So AP automation not only saves retailers time and money, it also helps you build good relationships with your suppliers.
In an industry where margins are thin and supply chain disruptions can be a disaster, you need a fast, efficient way to process invoices.
That’s where CoreIntegrator comes in! We’ve developed a specialty in automating AP for retailers.
AP Automation Specifically Designed for Retailers
At CoreIntegrator, we solve for all the unique AP automation challenges that you face.
Centralize your entire operation's procure to pay process in one place.
It makes no sense to have your stores in several regions or states receiving, approving, and in some cases even paying their own bills.
On the PO side, our solutions allow requisitions to be electronically passed from your stores to HQ and then go through an automated customized approval flow.
Need sign off at both the corporate as well as the store management level?
With CoreIntegrator, no problem! Both can be achieved with a single click on any device from anywhere in the world.
On the direct invoice side, all the bills for every store can be processed directly at your home office or corporate HQ.
You or your stores simply email all invoices and bills to the cloud and your invoice data will appear in your work queue within one business day.
Our Verified Data Capture Service provides near-100% accuracy of invoice data capture. Even for hard-to-interpret utility bills or hand-scrawled landscaping invoices, all with no expensive OCR technology!
That's because your data will have been reviewed for accuracy by at least two and up to four humans - providing absolute confidence in the accuracy of the invoice data.
See how the CoreIntegrator Data Capture Service can make your AP staff 500 times more efficient!
From there our Smart AP robotic process automation completes your data entry and invoices are sent for approval. Which, again, can be made with a single click on any device from anywhere.
Once approved the invoice can be routed to your ERP for payment.
We can integrate with virtually any ERP or accounting system or you can choose to use CoreIntegrator’s ePay solution to set up electronic payments by eCheck, ACH, wire transfer or Virtual Credit Card.
But why not use virtual credit cards to pay your invoices and earn cash back for every invoice that your company pays!?
With CoreIntegrator's payment automation via OnPay Solutions your business will see the benefits of payment automation.
See how full end to end procure to pay automation can save your company time and money.
Reduce Overhead and Costs
How much will your retail company save with CoreIntegrator procure to pay automation?
One multi-store retail customer that implemented our automated procure to pay solution was able to save tens thousands of dollars a year - while freeing up staff!
And by converting just a small percentage of its invoice payments to eCard payments, the rebates would turn this company’s AP department into a profit center!
Use our Cost Savings Calculator to get an idea of how much your company could save – or make in profit!
Improve Procurement and Bill Payment Efficiency
Not only will our procure to pay automation solutions save you time and money, it will also significantly speed up the purchasing and bill payment process. Automated electronic processing of invoices improves the turnaround time as well as the accuracy of the PO and invoice approval process.
No more late payment fees. No more over-payments, under-payments, or duplicate payments! It also means you can pay your bills much faster – and even qualify for early payment discounts!
Request a demo and let us show you how many benefits our AP automation solutions provide!
Track and Use Data from AP Automation to Achieve Greater Savings
Electronic archiving of legacy as well as current invoices allows for easier searching, reporting, and auditing of invoices.
But our retail and ecommerce customers also use data from our AP automation solutions to track expenses, find anomalies, and further reduce expenses.
With greater insight into the bills they pay, our customers can identify less expensive vendors.
For example, say you have 2 stores in the same area - if one waste services company is charging far less than the other you will see that right away and be able to switch to the cheaper company for both sites.
AP automation also protects our customers against invoice fraud. Any anomalous invoice is flagged, and AP staff can investigate it before your company pays a fraudulent invoice.
Let us show you how efficient your retail company’s AP can be.
Fill in the form with a few details and we'll be in touch to take you through our recommended solution for your specific circumstances.
At CoreIntegrator, we make people more productive.
Let us show you how we have saved our current retail company customers time and money. How centralization and insight into AP data can turn your company into a data-driven organization.
Contact us to request a demo today.