Purchase to Pay) solution that automates the delivery of purchase orders, invoices and payment information between large “buyers” and their many suppliers.
The company’s P2P platform supports thousands of suppliers transmitting and receiving millions of electronic invoices, purchase orders and payments, resulting in billions of dollars per month in transaction volume. “We provide products in the areas of electronic invoicing, order management, discount management, dispute resolution, and vendor management,” says Bruce Hanavan, CEO, Direct Commerce. The company’s SaaS model enables vendors and their suppliers to access the tools via web using any browser on any device. Invoices can be received in multiple formats, including e-Invoice, PO-flip, XML, EDI, and more. Once in the system, the invoice is validated against ERP data and matched to a purchase order and receipt documents. If the pre-configured “validation” rules are met, the invoice goes into an automated approval workflow, if not; a separate workflow kicks in to resolve any errors or discrepancies. “Our Platform is fully compatible with SAP, Oracle, JD Edwards and a number of other major ERP systems,” he extols.
Apart from the management suites, Direct Commerce provides and Executive Dashboard and Reporting modules, offering a variety of powerful tracking and reporting functions. Reports can be viewed, printed or automatically delivered to the accounts payable department by e-mail or file download. “Using our web interfaces, both buyers and suppliers can check the status of POs, invoices, payments to resolve disputes, approve invoices, or create e-Invoices,” explains Hanavan. By streamlining operations across several sectors, Hanavan believes that adopting an electronic invoicing system cuts costs and improves efficiencies of an organization. eInvoicing, a component of Direct Commerce’s Procure-to-Pay suite of services, reduces errors in billing and provides better information on financial processes, all in a secure environment.
Today, Direct Commerce is a trusted partner to many Fortune 1000 customers like The Home Depot, Merck & Company, and Bloomin’ Brand. “Our products provide these clients intuitive and efficient solutions that give their suppliers visibility to answer their own questions,” comments Hanavan. Bloomin’ Brands, a $4 Billion hospitality company was seeking to automate their 1.5 million invoice reports per year along with their workflow for over 1,200 restaurants. They had previously attempted to accomplish the task, but fell short in improving management of their supplier inventory while streamlining their Accounts Payable processes and saving millions of dollars per year. The company worked with Direct Commerce’s team successfully automating their electronic invoicing capabilities, reaping the benefits of electronic workflow through reduced costs and increased efficiency. “Bloomin’ Brands now process over 50,000 invoices per month through their supplier portal. They’ve reduced their processing time 60 percent while successfully implementing an online inventory translation system,” remarks Hanavan.
We offer hosted P2P solution that automates the delivery of purchase orders, invoices and payment information between large ‘Buyer’ customers and their many suppliers
Direct Commerce believes in long-term relationships with promising customers, saving millions of dollars every year while streamlining their processes and inducing better insight and visibility into their supplies. “Even the suppliers appreciate the self-service, and intuitive system interface which includes 24/7 help and integrated email functionality to communicate with buyers. We pride ourselves on our fast, well-coordinated deployments and always delivering exceptional customer service,” concludes Hanavan.