PayEx provides a comprehensive solution for businesses to streamline their procure-to-pay processes. It enables the digitization of purchase order delivery, real-time invoice acceptance and validation, and automated payouts, with optional financing. The vendor portal allows suppliers to upload invoices and digitally signed documents, supporting various multi-format documents including PO, non-PO, logistics, and material/service-based invoices. The system validates invoices against purchase orders and automates the upload of validated invoices to ERP systems, with optional approval workflows. It also facilitates vendor interaction through a unified portal, allowing for the setup of business-specific approval workflows. Key benefits include significant time and effort savings for accounts teams, reduced accounting errors, and improved efficiency in reconciliation processes. Testimonials highlight achievements such as 90% accuracy in cash application, 80% improved efficiency, and reduced DSO (Days Sales Outstanding).

Features & Benefits

• Digitize PO Delivery and Invoice Processing: Real-time processing of purchase orders and invoices, with vendor portal for uploads.
• Unified Vendor Portal: Manages vendor interactions and facilitates document uploads.
• Automated Payouts and Reconciliation: Streamlines payment processing and statement reconciliation.
• Configurable Approval Workflows: Allows setup of business-specific approval processes.