Velocious Source to Pay – Key Capabilities

Why Velocious?

  • Seamless out-of-the box integration with leading Accounts Payable Invoice Automation and top-tier ERPs with incoming invoices automatically extracted through OCR.
  • Effortless invoice processing and posting into your ERP application.

  • Significantly bring down time and cost of supplier adoption with Intuitive user interfaces which are extremely easy to use
  • Your suppliers will require virtually no training for making use of the solution.

  • Integrated BPMN engine for effortless customization of workflows to align with your unique business processes, approval hierarchies, and compliance needs.
  • The solution allows easy configuration of any levels of complexities of workflows.

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Drive significant cost reductions via automated supplier engagement

Improve supplier Relationship

With self service mode , supplier has all key information available 24*7, thus enabling greater satisfaction and relationship with suppliers.

Reduced costs

With features like early payment discounts, sourcing events, query management, etc. helps to reduce the operational costs

Improve Visibility

The supplier has full visibility at all necessary levels across the Source to Pay process.

Quick Turn Around on Queries

Currently, the supplier raise their queries on calls and emails. By providing the access to the information and query management capabilities on portal , the time to get the queries answered gets reduced

Smooth Onboarding Process

The supplier fills the onboarding form which ensures that all the information updated is accurate. Also eliminate paper-based forms and supporting documents as the portal allows supplier to upload all supporting document during onboarding

Improve Efficiency

Invoices uploaded by the Suppliers seamlessly flows to the invoice processing application (VIM, ReadSoft), so this ensures that invoices are processed immediately and are not stuck with user departments.

See why tens of thousands of Suppliers trust Velocious!

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