Procure to Pay in Half the Time
With Vyteo’s Procure to Pay platform, real estate companies can shave time off their every-day-tasks from procuring supplies to paying the bills. Plus, they’ll cut out hard costs as well.
Procure to Pay in Half the Time
With Vyteo’s Procure to Pay platform, real estate companies can shave time off their every-day-tasks from procuring supplies to paying the bills. Plus, they’ll cut out hard costs as well.
Centralize Ordering & Track Easily
With the Vyteo Catalog module, enable every team to purchase supplies at your pre-negotiated rates – all within the Vyteo platform.
Just let us know the national retailers you use and Vyteo will embed those catalogs into your Vyteo platform for one-stop-ordering.
You can require an electronic PO before purchasing to avoid surprise costs and duplicate orders. Track easily.
Create a Fast & Standardized PO Process
With the Purchase Order module, enable purchasers to create an electronic PO effortlessly and receive approval fast. Just setup approval workflows that route POs automatically to the right reviewers.
You can even:
- Trigger special workflows for over-budget and/or high dollar amount items.
- Provide approvers with visibility into budget and actuals, before they sign off.
- Match POs to invoices and receipts (two-way and three-way matching).
Sharply Reduce Invoice Processing Time & Gain More Visibility
Process 100 or 10,000 invoices in just a few days, while increasing control.
- Receive pre-coded invoices and significantly reduce manual data entry.
- Use your existing invoice approval workflows. Add others as needed.
- Provide invoice status online so everyone – including your suppliers – can be on the same page.
Provide Invoice and Payment Status Online for Everyone
Free your AP team from answering supplier calls, while giving your suppliers instant answers. With VyteoConnect, suppliers can upload their invoices, and view invoice and payments status online.
Pay Easily & Securely with VyteoPayments
Add VyteoPayments to pay invoices in just a few clicks.
Once invoices are approved and ready-to-pay, just batch them in your GL and send through to VyteoPayments. Vyteo will debit your bank accounts and pay your suppliers with secure electronic payment methods, including the widely accepted Vyteo Virtual Card.
You’ll be able to track all payments online and see the associated invoice.
Automating the procure-to-pay process affords you greater control and visibility, lets you work more efficiently, and reduces the chances of fraud – among other things.
It may help to think of AP automation as one component of Procure to Pay. AP automation typically converts everything from invoice receipt to payment into electronic steps, whereas Procure to Pay automation also digitizes the steps that come before the invoice (i.e. the creation and approval of purchases). An automated procure-to-pay platform brings both accounts payable and purchasing into a single platform, and makes everything cohesive, quick, and visible.
No. You can pick and choose which modules you need. Add on at any time.