Scopeworker Pay

Pay suppliers the same day they complete work




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ScopeworkerPay


Scopeworker's digtialization means suppliers are paid the same day as completing their work

Scopeworker reconciles the Close Out Package, Milestones, Purchase Orders, Goods Received and Invoice Received as the supplier supplier finishes onsite. This enables supplier's to receive payment the same day as 'construction complete'.


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Same Day Pay


Supplier's are paid the same day as construction complete  


 

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Source: Wireless Estimator Survey, 2019


Manual administration delays invoicing by 10-90 days

On average, there are 10-90 days of manual administration between a telecom supplier's ‘construction complete’ and being able to invoice (Source: Wireless Estimator 2019 https://bit.ly/2HsG3h3).  This consists of up to 3-months of the buyer, supplier and worker manually engaging ERPs, Excel and milestone systems to reconcile.

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Scopeworker's 'Same Day Pay'

With Scopeworker, as suppliers complete work, the Close Out Package, Milestones, Purchase Orders, Goods Received and Invoice Received are real-time reconciled. The supplier’s invoice is approved while the workers are onsite. This enables suppliers to take supply chain financing on the same day as 'construction complete'. The supplier has no manual engagement with the buyer's ERP for PR's, POs, CO's, invoicing or payment.

Good for Lenders

Removing the human friction around invoice reconciliation removes the risk for lenders. It also opens up the opportunity for lenders to fund suppliers 10 - 90 days before usual financing solutions. This allowing lenders to utilise existing credit lines to maximising the efficiency of existing channels. 

Democratized the Supplier Marketplace

Scopeworker's automated engagement with suppliers and the access to financiing on the same day as 'construction complete' enables enterprise buyers to directly engage - en masse - the smaller, cost-efficient, suppliers that traditionaly subcontract under the larger suppliers.  Scopeworker's intuitive onboarding, automated procurement, project management and payment of field servces lowers the barrier of entry for these small suppliers to compete with large suppliers. Their en masse engagement brings lower prices and leverages the competitiveness of larger suppliers.

 

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Finance

Automation Means Finance Departments Focus on Exceptions

Management by Exception

Finance departments have total transparency of every dollar spent. They manage by exception. Purchase orders and change orders are automated and align with procurement, invoice management, supplier SLAs and worker productivity. Financial items that require manual review can be defined at a global or commodity level. Non-matching algorithms (e.g. invoices) are routed for review and resolution.

Zero-Based Budgeting
Scopeworker's end-to-end automation provides the data required for true Zero-based budgeting (ZBB). The process of zero-based budgeting starts from a "zero base," and every function within an organization is analyzed for its needs and costs. Budgets are then built around what is needed for the upcoming period, regardless of whether each budget is higher or lower than the previous one. With Scopeworker's real-time tracking of the end-to-end business lifecycle automated data for ZBB enables informed decisions for true forecasting and the reasons why.
Financial Compliance

Financial compliance requires centralized control with decentralized execution. Scopeworker Pay enables this. The platform yields business agility, informed purchasing and process efficiency, whilst providing financial oversight that supports Sarbanes-Oxley audit-ability.

Market Autonomy with Central Control

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 total transparency and control.  The transparency tells the story in real time.  This enables total cost control and with Scopeworker Analytics finance departments 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.