Velocious Source To Pay Platform

With the Velocious Source To Pay Platform, enterprises could automate the engagement with their suppliers across the lifecycle, right from RFP/RFI issuance, to supplier registration, issuance of PO, receiving of electronic invoices, processing of invoices and intimation of payments.
The solution combines the unique features of OCR and integrations with the Accounts Payable / ERP solution to deliver a differentiated experience.

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Solution Benefits

Currently, the supplier raise their queries on calls and emails. By providing the access to the invoice information we reduce the time to get the queries answered Frequently asked queries can be handled by bot and transferred to live agent when needed.
The supplier fills the onboarding form to make sure all the information provided is correct. Also eliminate paper based forms and supporting documents as the portal allows supplier to upload all supporting document during onboarding.
The AP Automation usually starts once the buyer receives the invoices from supplier. By providing first level of validation at invoice upload, supplier can make sure the invoice data is correct thereby reducing delays.
The supplier can quickly find answer to their own queries using various reports in the portals. A portal is available 24 X 7 and provides a better way to track their information.
The supplier and buyer can agree on discounts for the early payment and supplier can at any time view open invoices and request for early payment resulting in a win — win situation.
The supplier can check the status of the invoice at any time which provides visibility and transparency to the entire process.
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