Advanced Business Solutions is the leading provider of Procure to Pay (P2P) solutions to the UK services sector, assisting over 400 organisations in providing 'best of breed' electronic procurement software systems to drive through efficiency and contract compliance.
Our clients have won numerous awards for their eProcurement solutions including the OGC award for 'Best Overall eProcurement Solution' and the Financial Sector Technology awards for 'Best Straight Through Process Deployment' together with nominations from various awards bodies including the Chartered Institute of Purchasing and Supply.
Advanced Business Solutions is the proven leader in delivering extensive cost savings, efficiencies and benefits through the electronic enablement and automation of processes through every aspect of the P2P cycle for both internal user groups and through collaborating with external suppliers. This is delivered through the Smart Procurement strategy.
Our procurement software and associated partner solutions will provide organisations with the functionality to fulfil all aspects of the full end-to-end procurement process from initial tendering and contract management, through to the raising of requisitions, authorisation, raising of the purchase orders and goods receipt via the eProcurement or eRequisitioning modules.
Our Procure to Pay solutions cover the following three areas:
The procurement solutions are delivered utilising the latest portal technology to enable the delivery of key solutions through a simplistic and intuitive portal, tailored to meet the individual needs of key user groups across the organisation including central procurement teams, end user requisitioners, budgetary authorisers, goods receipting and accounts payable personnel.
All of the Procure to Pay processes are supported by advanced workflow and alerts functionality together with tight integration to the core finance solution, providing full commitment based accounting and residual budget checking.
In addition to the above, Advanced Business Solutions is also recognised as the leading provider of advanced invoice management and authorisation, including full einvoicing capabilities and provide a range of options for the receipt and matching of invoices to purchase orders.
The Smart Procurement Suite also enables the capturing of detailed and valuable procurement information to assist in the areas of tracking, decision support, contract negotiations and KPI information, including efficiency target reporting. The reporting functionality provides a number of reporting and enquiry options in line with the requirements of key user bases across the organisation.
It is not just exceptional procurement software that Advanced Business Solutions provides. With over 400 users of our Procure to Pay systems, we have the knowledge, track record and service capability to help you implement and support your new system, ensuring excellent user satisfaction as well as a quick return on investment.
Many organisations lack access to data and information that may be in various ledger systems, purchasing cards, travel and expense reports, or even maintained by outsourced suppliers. Key spend data or supplier links might be incomplete, ill-defined, or simply missing, and when the information isn’t accessible or complete, there’s no way to leverage it for improved decision making. Advanced Business Solutions can help your organisations business users, managers, directors and procurement departments gain insight into savings opportunities and compliance by enabling access to aggregated and enriched spend data utilising their Spend Analytics solution.
Spend Analytics is accessed through a secure, fully interactive, browser based web-interface. It provides visibility and clarity of an organisations procurement performance and detailed insight into actual business activity. Through the benefit of pre-defined metrics and measures, information is summarised into a Procurement Scorecard. This creates, manages and delivers your organisation’s Key Performance Indicators.
Spend Analytics enables procurement professionals to identify direct cost savings through the key procurement data but also importantly, to identify process improvements through the deployment of more effective procurement strategies. For example optimisation of invoice processing and reduction in the quantity of low value invoices. Spend Analytics provides “out of the box” metrics and measurements for everything from contract v non contract spend, percentage of invoices matched first time, category spend analysis, identification of differential prices for the same product or service and purchase cycle times.