Long purchase cycles, delayed payments and poor cash flow visibility are all tell-tale signs of sluggish procure-to-pay (P2P) processes that need an immediate overhaul.
With streamlined procure-to-pay processes, procurement organizations can not only reduce paperwork and cut down cycle times, but also increase spend under management, boost compliance, reduce maverick spend and improve the overall purchasing experience — all this while delivering greater time and cost savings.
Our procure-to-pay services are designed to deliver breakthrough improvements each in year on savings, empower procurement teams to do more with their time, and drastically improve return on operating costs.
S.T.A.R Procurements end-to-end procure-to-pay outsourcing services help you drive greater efficiency across all your P2P processes — from the point of order to the point of fulfillment and payment. We leverage cutting-edge transaction processing capabilities, state-of-the-art procurement software, and experience of optimizing procurement operations for more than 450 Fortune 500 and Global 2000 enterprises worldwide to deliver value beyond savings.
COST RECOVERY & INVOICE AUDITING
Our Experts analyse the invoices and vendor statements in scope to identify and validate any cost recovery opportunities, identify the root causes of discrepancies and help you reconcile and make financial recoveries, S.T.A.R Procurement delivers an action plan that optimises your contracts and payment terms, improves your procure-to-pay process, increases compliance and prevents future leakage.
ACCOUNTS PAYABLE SERVICES
Accounts payable (AP) today has evolved from a tactical, transaction-focused process to a strategic business function that optimizes working capital, enables greater savings for the business and helps improve supplier relationships.
S.T.A.R Procurement helps clients transform their accounts payable processes and create greater value for the business by optimizing working capital and operating costs, providing greater control and transparency, driving efficiencies through standardization, and delivering bottom-line savings.
