Scopeworker Pay

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.

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EFFICIENCIES

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.

Extended Payment 

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.

FEATURES

A foundation for touchless invoice processing

Invoice Generation

Upon buyer acceptance of supplier deliverables, the invoice is auto-generated for the supplier's review, edit and submission.

Reconciliation

Reconciliation is instant as the PO, work order,  supplier execution and goods receipt are carried out in Scopeworker.

Invoice Approval

For simplistic tasks, Scopeworker can auto approve invoices for payment when the buyer approves the supplier's close-out package.

Partial Approval

Partial invoice approval for a partial payment hold-back, to allow S.L.A.’s such as a 48-hour alarm-free status from Scopeworker Network.

ERP Automation

Accounts Receivable and Accounts Payable workflows automate seamlessly with the ERP.

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.

    ACCOUNTS PAYABLE

    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.

    ACCOUNTS RECEIVABLE

    Supplier closeout automates purchase orders into invoices

    Upon closeout acceptance, Supplier invoices can be fully or partially generated from the Purchase Order.  These can be instantly reviewed by the buyer, while the supplier has live visibility of invoice status from receipt to final payment. All invoices are digitally signed, encrypted and can be accessed at any time.

    ENTERPRISE FINANCING

    Same Day Pay supports >90 days  buyer  payment terms

    Qualified buyers can extend supplier payments terms >90days
    Maximize use of capital, allowing more cash flow for new projects
    Extending payment terms to ensure competitiveness
    Improving transparency and predictability of payment processes
    PROBLEM 

    It takes months to reconcile invoices with legacy Procure-to-Pay

    Historically, invoice reconciliation for critical infrastructure services, is a manual process of the buyer, supplier management team and the supplier's field force using email to compare excel spreadsheets with Procure-to-Pay platforms, milestone databases and field force apps.  This process months and prevents the engagement of small, diversity cost effective suppliers.

    1 day

    Supplier's field force uses a disconnected app for closeout

    5 -90 days

    Buyer, supplier management and supplier field tech use email and excel to reconcile invoice

    45-90 days

    Buyer payment terrms start

    2-5 days

    With an approved invoice suppliers can utilise supply chain financing
    SAME DAY PAY

    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.

    1 day

    Buyer real time accepts closeout whilst the supplier is on site

    0

    Scopeworekr auto-reconciles invoice for full or partial approval

    0

    Supplier can opt for Same Day Pay supply chaon financing

    ONCE A MONTH INVOICING

    All suppliers, one monthly invoice with all back-up data

    Buyers can choose to combine all supplier invoices into one monthly invoice containing the meta data of every supplier's deliverable down to a line item, with corresponding timestamps, geospatial and approval chain data.  
    COMPLIANCE

    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.

    MANAGEMENT

    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.

    ZERO-BASED BUDGETING

    Live transparency supports Zero-Based Budgeting

    Scopeworker's end-to-end automation provides the data required for true Zero-based budgeting (ZBB). Using live, empirical data,  'zero base' budgets analyzed for needs and costs and built for what is needed for the upcoming period, regardless of whether it is higher or lower than a previous budget.