Purchase requisition software is a specialized function within a procure-to-pay system. It allows employees—via a digital procurement marketplace—to create and submit requests for goods or services, which are then reviewed and approved by authorized individuals within the organization. 

Vroozi’s P2P solution automates the requisition process, from creating the request to routing purchase requisitions for approval to forwarding to a purchasing department for processing.

Purchase requisition software standardizes how purchasing requests are made and handled. It ensures all requisitions follow company policies and budget constraints, reducing the risk of unauthorized spending. It also provides transparency and traceability, allowing each requisition’s status to be tracked.

Vroozi AP invoice automation, or accounts payable invoice automation, streamlines invoice management. It automatically captures, processes, and pays invoices, reducing the need for manual data entry and paper-based workflows.

Our sophisticated invoice processing solution offers electronic invoice capture, machine-learning-powered invoice coding, automated matching of invoices with purchase orders and receipt data, approval workflows, and integration with accounting and ERP systems.

With AP invoice automation, businesses can expect more accurate spending data, efficient invoice processing, faster payment cycles, and improved supplier relationships. 

Yes, Vroozi’s Procure-to-Pay system seamlessly integrates with existing systems, including accounting software, enterprise resource planning (ERP) software, and eProcurement systems. 

Learn more about our procure-to-pay software integrations.

Spend visibility is your organization’s ability to track and analyze its spending data. Spend visibility is crucial because it helps you to identify cost-saving opportunities, ensure compliance with budgets and policies, and make informed spending decisions.

Vroozi’s Procure-to-Pay solution improves spend visibility by centralizing and digitizing the entire procurement process. We automatically capture detailed data at each step, from initial requisition to final payment, providing real-time insights into spending patterns and vendor performance. 

With the data we gather, procurement teams can categorize expenditures, monitor compliance with contracts and policies, and identify irregularities or potential areas for cost reduction. With a comprehensive, up-to-date view of all procurement-related transactions, Vroozi turns spend data into actionable intelligence, enabling more strategic and efficient spend management.

Vroozi generates significant procurement cost savings through increased procurement efficiency and enhanced access to accurate spending data. Direct cost-saving opportunities include:

• Reduced Processing Costs: Automating procurement cuts labor costs and the errors that can lead to financial losses.
• Volume Discounts and Better Negotiations: Centralized procurement helps you to capitalize on discounts and improve contract terms.
• Decreased Maverick Spending: Tighter control over procurement processes reduces unauthorized or off-contract spending, ensuring purchases are made at negotiated rates.
• Early Payment Discounts: Faster order and invoice processing empower you to take advantage of suppliers’ early payment discounts.

Time Savings: Efficient processing translates into time savings, allowing staff to focus on strategic tasks rather than routine procurement activities.