How Eye-share simplifies procurement and payment processes for enterprises

The role of the CFO has undergone significant changes in recent years. Today, they are not only experts in numbers, but also strategic partners and drivers of both innovation and operational efficiency. One of the biggest challenges CFOs are facing today is streamlining the Procure-to-Pay (P2P) process. Traditionally, this process has been complicated and manual, making it easy to make mistakes - which is both costly and time-consuming.

By simplifying and automating the P2P process, businesses can achieve greater efficiency, accuracy and visibility. Let's take a closer look at how Eye-share can improve this process for your business.

Eye-share has been developing and delivering P2P automation software for over 20 years. We offer a complete suite of solutions covering the entire P2P process, from procurement to invoice receipt, approval and payment. eye-share Workflow integrates seamlessly with all ERP systems and uses explainable artificial intelligence (XAI) to ensure accurate data collection, interpretation, coding, purchase order (PO) matching, approval flow and data analysis.

How eye-share simplifies:

Streamlined cost control

eye-share Workflow tracks purchase orders, ensures all costs are recorded, and monitors supplier invoices against POs, supplier contracts and limits, supplier contracts and limits. This ensures that costs do not exceed limits on administrative costs linked to an agreement.

Automated P2P process

With an automated P2P process, employees with the necessary permissions have easy access to create, approve and monitor requisitions, purchases and contracts. Suppliers, products and product catalogs are pre-approved through a pre-defined setup, ensuring a smooth and efficient workflow.

Improved invoice processing

Invoice processing is made easier and more efficient with the use of AI and XAI to collect and interpret invoices from all forms and sources. eye-share Workflow enables you to validate, match, post, approve and post invoices 100% automatically, as well as efficiently handle exceptions and disputes.

Improved payment process

eye-share Workflow integrates with any ERP system, ensuring a seamless and efficient payment process. eye-share Workflow gives you full visibility of the payment process, allowing you to easily track and manage your financial obligations.

Benefits of using eye-share Workflow:

Reduced cost and increased efficiency

By eliminating manual tasks, reducing process time and increasing accuracy, your business achieves improved efficiency and shorter turnaround times in the P2P process. This allows employees to focus on more strategic and value-adding activities.

Improved visibility and control

Eye-share's simple, centralized and easy-to-use platform enables employees to monitor and control purchasing and financial processes in real time. Data and insights are always available and you can easily compare performance with your KPIs and targets.

Simplified auditing and internal user auditing

With direct access to eye-share, accountants can ensure that approval processes, the 4-eyes principle and authority hierarchy are maintained. eye-share logs what is performed and has dedicated tools for automated audits that produce reports on user access and activities.

Strengthened supplier relationships

eye-share gives you a full overview of all payments and ensures that you can meet payment deadlines or inform suppliers in good time if something is not right. This normally ensures a good relationship with suppliers, precisely because you have full control. Making the right payments at the right time helps to build good and reliable relationships with suppliers.

Achieve efficiency and accuracy with eye-share

Is your P2P process manual, time-consuming and often contain errors? Are you looking for a simple and automated solution?

Join the over 6,000 companies that already trust Eye-share! With over 20 years of experience and expertise in P2P automation, we want to help make your processes more efficient and accurate. Get in touch with us today to learn more about how we can help your business!