Accounts Receivable, Accounts Payable & Supply Chain Financing
Scopeworker Pay is a digital foundation for touchless invoice processing. Enterprises can choose as much or as little automation as they 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 invoice, once a month. Invoices aligned with extensive empirical data.
With Same Day Pay, enterprise buyers can extend payment terms to >120 days to maximize cash flow.
Zero Based Budgeting
Live financial data enables budgets to be accurately built from a zero base regardless of previous budgets.
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.
A range of Supply Chain financing products that lower the barrier of entry for cost effective diversity suppliers to enter the marketplace.
Disconnected Procure-to-Pay, Milestone Management & field force app
Same Day Pay removes barriers of entry for qualified, cost-effective, diversity suppliers
Upon live approval of the supplier's closeout package, invoice reconciliation is automated. This enables the buyer to approve the invoice moments after work is complete (or choose to delay or partially approve). This allows suppliers to select Same Day Pay weeks before traditional supply chain financing solutions. Same Day Pay removes the barrier of entry for qualified, cost-effective, diversity suppliers to enter Scopeworker's automated marketplace.
Same Day Pay allows buyers to extend payment terms past 120 days
All suppliers, one invoice, once a month with extensive line item data
Centralized control with decentralized execution supports live Sarbanes-Oxley
Enterprise finance departments often struggle to gain control and visibility of market programs. Scopeworker's live transparency allows decentralized markets to have autonomy over their local strategy while allowing the finance department to have total transparency and centralized control. The transparency tells the story in real time. This enables total cost control and enables finance departments to have the freedom to explore interactive data without being limited to predefined questions, wizards or chart types. They gain live analysis of costs across projects, markets, regions and countries. The platform yields business agility, informed purchasing and process efficiency, whilst providing financial oversight that supports Sarbanes-Oxley auditability.
Live analytics drive management by exception
With live total transparency of every dollar spent, Finance departments can manage by exception. Financial coding, purchase orders and change orders are auto-aligned with procurement, invoice management, supplier SLAs and worker productivity. Financial items that require manual review can be defined at a global or commodity level. Machine-learning supports non-matching algorithms (e.g. invoices) and routes them for review and resolution.
Live transparency supports real-time Zero-Based Budgeting
Close out automates purchase orders into invoices
Connect Scopeworker Execute to streamlines the AP process
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 from initial receipt of invoice to submission for payment. This creates significant cost, time and quality efficiencies. Live reports provide full audit trails on all activity.