Improve cycle time consistency and predictability
We understand the value of process and e developed tools to deliver sourcing and procurement efficiency. Versatex offers a range of integrated solutions, including:
Versatex provides complete transparency into each step of the procurement to payment (P2P) system by standardizing your spend analytics, inventory control, and documentation. This allows you to work through an aggregator in real time across all your locations (versus having to manage hundreds or even thousands of vendors).
Versatex decreases your costs without a decreased quality of service by standardizing your processes, ultimately driving enhanced end-to-end efficiency.
Versatex optimizes and develops vendors so that they can efficiently meet your needs. We drive sustainability in vendor performance, ensuring that your targeted goals are consistently met or exceeded.
Versatex drive compliance by warranting that each vendor meets your regulatory and business requirements to receive payments while simultaneously providing an added level of protection against vendor risk.
Versatex streamlines and automates the management of required approvals to ensure all payments are accurate and verified, reducing overpayment and audit risk. By providing complete transparency into each step from procurement to payment, we ensure that all payments are supported with the necessary documentation while keeping your vendors paid on-time.