Accounts Receivable, Accounts Payable, Supply Chain Financing
A digital foundation for touchless invoice processing. Choose as much or as little automation as you are comfortable with.
Optimize spend, create transparency
Same Day Pay
Invoice reconciliation, approval (partial or full) and payment on the same day suppliers complete work.
All Suppliers, One Invoice
Combine all supplier invoices into one monthly invoice, aligned with extensive empirical data.
With Same Day Pay, buyers can extend payment terms to maximize cash flow.
Zero Based Budgeting
Live financial data enables budgets to be accurately built from a zero base regardless of previous budgets.
A foundation for touchless invoice processing
Upon buyer acceptance of supplier deliverables, the invoice is auto-generated for the supplier's review, edit and submission.
Reconciliation is instant as the PO, work order, supplier execution and goods receipt are carried out in Scopeworker.
For simplistic tasks, Scopeworker can auto approve invoices for payment when the buyer approves the supplier's close-out package.
Supply Chain Finance
A range of Supply Chain financing products that lower the barrier of entry for cost effective diversity suppliers to enter the marketplace.
Scopeworker uniquely connects supplier service execution to AP
Is your AP team wasting time reconciling PO-based invoices, approving non-standard invoices, and processing exceptions? Connecting Scopeworker Execute to Scopeworker Pay streamlines the AP process with full audit trails from invoice reconciliation to payment. This creates significant cost, time and quality efficiencies.
Supplier closeout automates purchase orders into invoices
Same Day Pay supports >90 days buyer payment terms
It takes months to reconcile invoices with legacy Procure-to-Pay
5 -90 days
Buyer, supplier management and supplier field tech use email and excel to reconcile invoice
Buyer payment terrms start
Same Day Pay lowers barriers for cost effective diversity suppliers
Approving a supplier's closeout package auto-reconciles an invoice for delayed, partial or full approval. reconciliation and same day approval enables diversity suppliers to select Same Day Pay supply chain financing on the day work is complete, months before legacy procure-to-pay platfroms.
Supplier can opt for Same Day Pay supply chaon financing
All suppliers, one monthly invoice with all back-up data
Centralized control with decentralized execution
Supporting Sarbanes-Oxley auditability, Scopeworker enables decentralized markets to have autonomy of local strategy while allowing the finance department to have total transparency and centralized cost control. Finance departments have live analysis of costs across projects, markets, regions and countries.
Live analytics drive management by exception
With live transparency of every dollar spent, Finance departments can manage by exception financial coding, purchase orders and change orders, invoice management and supplier SLAs. Financial items requiring manual review can be defined at a global or commodity level.