i2B Procure to Pay Software

The i2B Procure to Pay (P2P) Software is designed to streamline the procurement cycle for businesses by digitizing and automating processes. Common issues faced in traditional procurement methods, such as communication breakdowns between vendors and buyers and inefficient manual paperwork, can lead to operational challenges and loss of credibility. The i2B solution addresses these issues by offering real-time visibility into purchase orders and vendor performance.

### Key Functionalities
- Automated Approval Processes: The software automates various stages of procurement, reducing delays and enhancing efficiency.
- Real-Time Notifications: Users receive instant updates regarding requisition requests, quotations, purchase orders, and invoice statuses.
- Invoice Management: Comprehensive invoice validation ensures accuracy and timely payments, while advanced AI technology enables quicker processing and data extraction from invoices.
- Supplier Onboarding: The platform facilitates seamless supplier onboarding, promoting better vendor relationships.

By focusing on minimizing manual bottlenecks, enhancing accountability, and providing a cost-effective model—free for suppliers and charged per site for businesses—the i2B platform helps organizations improve their overall supply chain management.

This software not only streamlines the P2P cycle but also contributes to capturing early payment discounts and avoiding late fees, effectively optimizing the accounts payable process.