Procure-to-Pay Management
MHC’s procure-to-pay solutions provide instant visibility to help you manage cash more effectively, reduce administrative spend, improve communication and optimize decision-making
Streamline Procure-to-Pay Processes
Procure-to-pay processes (P2P) include requisitioning, purchasing, receiving, invoicing and paying for goods and services. Given the data complexity, transaction volume and large number of people involved in those processes, there are common challenges faced by large and small organizations alike.
Solve Common P2P Challenges
Delays
Reduce delays in the procure-to-pay process and take advantage of early payment discount opportunities.
Errors
Incorrect data perpetuates issues and duplicates efforts. By implementing the right P2P solutions, your team can reduce errors because they no longer need to manually key in data or jump from system to system, which reduces productivity — further perpetuating errors in the process.
Compliance Issues
Miscommunications
Lack of Visibility
Extra Expenses
Key Documents & Transactions
Leverage turnkey solutions that are flexible enough to meet the precise needs of your organization. From outbound documents and transactions automatically created and distributed, such as purchase orders and AP payments, to documents and transactions captured as they are received, MHC enables real-time access to information.
MHC AUTOMATION VIDEO
AP Invoice Automation Solution Overview
Increase Productivity for All Users
Requestors
- Controlled process for requisitions
- Automate and enhance approval process with visibility
- Ability to attach and retain supporting documentation, such as bids & quotes
- Submit payment requests online when invoices do not exist
Buyers
- Controlled process for POs
- Ability to request additional information and view full requisition details
- View/attach supporting documents
- Retrieve packing slip images with one-click
- Upload and view contracts & agreements
- Visibility into PO/invoice line issues
Receivers
- Upload receiving documents
- Validate purchase orders
- Better manage split shipments
Requisition & invoice approvers
- Approvers follow a standardized process
- Validated general ledger coding
- Automated, electronic approvals
- Visible supporting documents
- Audited actions
Your vendors
- Receive clear, concise PO documents electronically
- Are paid faster via ACH
- Minimize their calls and emails into AP
- Can leverage vendor document self-service to view agreements, POs, 1099s, payments and more
AP processors
- Decrease data entry with OCR-powered capture
- Electronic routing and approval
- Auto-generation of payments
- Electronic payments based on vendor setup
- Electronic remittances show exactly what is being paid
- Reduce late payments and increase discount opportunities
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Get to Know MHC
Find out how you can combine and configure MHC’s solutions to automate your most critical processes and empower teams to meet their goals.
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