Procurement
Gain vital insights into your end-to-end procurement process
Process mining helps you increase the efficiency of your procurement process and enjoy significant cost savings. View automatically-generated visualizations of process flows, and identify symptoms of inefficient processes, such as bottlenecks, rework, and Maverick Buying.
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Reduce Maverick buying with ready-made analyses that automatically identify Maverick buying and its root causes.
Increase your three-way match rate as well as automated invoice approvals.
Get end-to-end visibility to your processes and see how they contribute to concrete business outcomes.
Predict and prevent process failures with intelligent ML-functionalities and monitor the right KPIs continuously.
Harness cash discounts
Use pre-made cash discount analysis tools to identify where you're not leveraging vendor cash discounts and optimize document processing flow to increase discount utilization.
Improve your Days Payable Outstanding
Benchmark your vendor payment terms against the industry standards and bring fact-based information to term negotiations with most impactful vendors.
Monitor Four Eyes Principle
Monitor and identify instances of fraudulent activity and when mandatory approvals have been ignored or bypassed.
Enable data-based decision making for your procurement processes
QPR ProcessAnalyzer extracts data from your IT systems to automatically visualize your procurement process. Gain an objective understanding on how your process behaves in reality without subjective opinions affecting the outcome.
Get notified on non-approved or duplicate payments
Leverage automated notification system to send alerts when business rules are not followed or set up automated workflow to mitigate the issue.
Predict late payments and orchestrate corrective actions
Improve vendor relations by predicting late payments with the powerful out-of-the-box Machine Learning algorithms and orchestrate actions before vendor relationships escalates.
Featured blog
Process Mining for the Purchase-to-Pay Process
Know exactly how, why, and where your procurement is performing better than ever, and where you still need to improve on your way to optimize your purchasing process.
“When you can pinpoint the development areas in your process, you can focus your improvement efforts where they will produce the most value. With this objective insight, you will have the confidence to make changes.“
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Discover the unbiased reality of your processes
- Put an end to lengthy process workshops, interviews, and arguments. Get everyone on the same page by automatically visualizing the real-life execution of your processes.
- See all process bottlenecks, inefficiencies, and variations and how they contribute to business outcomes.
Find hidden value in your business
- Find the cause of your problems and spot the most important improvement areas in any process with the comprehensive, industry-leading Root Cause analysis.
- See the top automation opportunities in priority order, benchmark automation rates across your organization, and simulate the impact of automation.
Let AI show you the way
- Optimize your operations through AI- and ML-based features that enable you to predict KPI performance and automatically initiate corrective action when things go wrong.
- Use business alerts and notifications to get immediate alerts about KPI breaches or broken business rules.
Operate securely on a scalable cloud platform
- Ensure secure process mining operations by ISO27001 certification, encryption, and SSO features.
- Get unparalleled scalability, performance, and security through Snowflake.
What customers say about QPR ProcessAnalyzer
We are committed to delivering measurable results to our customers. Here are some of the results we've helped our customers achieve.
Maverick Buying
Prevent Maverick Buying with Process Mining
From time to time, situations arise where people cut corners and make purchases outside of the formal process - this is known as Maverick Buying. The Finance department may receive an invoice with no PO attached to it, which prompts the following questions: Where did this come from? Who are these people that sent us this invoice? Where do I begin looking into this?
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Featured Resource
Process Mining 101 - What is Process Mining?
When your employees or software robots interact with IT systems – such as SAP, Salesforce or Oracle - in your company, the activities leave a trace of data behind, referred to as an event log.
Process mining takes the data that exists in these information systems and uses it to visualize the real-life execution of your company’s processes together with other insights drawn from the event logs.
