10+ Best Procure to Pay Software 2023

Finly is an intelligent and highly adaptable procurement and accounts payable (AP) automation system that enables finance and procurement teams to gain full visibility and control over the purchases throughout the organization. It increases productivity by more than 80% through efficient automation of manual and repetitive operations as well as through getting remote collaborations simplified across all teams using a robust purchase communication framework.

Tradeshift Pay is a cloud-based procure-to-pay (P2P) platform that helps both suppliers and buyers to digitize their invoice processing as well as automate their accounts payable workflows while scaling without limit. It has been considered the number one network solution that enables businesses to go paperless in a frictionless order-to-pay cycle. The platform is used by a number of the fastest-growing buyer and seller network that operates in over 190 countries.

Xelix is a best-in-class AI-powered procure-to-pay (P2P) platform that overlays the enterprise resource planning (ERP) system to protect the business against errors on overpayment as well as fraudulent attacks. Xelix helps finance teams uncover delinquencies that are left unnoticed in the internal control while reducing workloads required in monitoring exceptions. It acts as an intelligence layer that automates processes, spots payment risks, and delivers meaningful insights.

MHC Software streamlines the enterprise procurement process through its best-in-class Procure-to-Pay (P2P) management platform designed to provide real-time visibility to enable companies to manage cash more effectively while reducing administrative spend, improving communication, and optimizing decision-making. The software proactively helps solve P2P complexities while enabling efficient and organized requisitioning, invoicing, purchasing, paying, and receiving of goods and services.

BuyerQuest is a comprehensive procure-to-pay (P2P) solution designed for enterprise organizations that need to digitize their procurement process. The platform is incredibly easy to use not only for the admins but also for the buyers with a range of world-class features that help drive business growth while significantly lowering costs. It comes with pre-built integrations that can be easily connected to any currently used back-end system while keeping the enterprise resource planning (ERP) app running up to speed.

Oracle Enterprise Performance Management (EPM) Cloud enables businesses to not just connect but align and outperform while gaining absolute agility and insights needed to tower above any market condition. The platform helps shape and plan effective financial management, sales, and supply chain operations as it streamlines financial close processes and drives better and smarter decisions. Oracle EPM Cloud is a technical and functional framework of shared components across Cloud EPM processes that enables users to attain a more integrated user experience with simplified administration in various business functions.

Coupa offers an end-to-end Procure-to-Pay (P2P) platform that enables absolute visibility of spend while giving businesses maximum spend under management in an effort to accelerate savings while ensuring compliance and driving impact toward the goals of Environmental, Social, and Governance (ECG). The platform guarantees seamless user adoption with its exceptionally designed P2P tools that allow suppliers and workforce to painlessly adapt to--and adopt--the process while getting maximum value.

JAGGAER is a world-class procure-to-pay (P2P) software that simplifies and automates accounts payable (AP) payments while incredibly reducing costs, accelerating efficiencies, and improving cash flow to better procurement success. It is a comprehensive cloud-based solution with dozens of options and best-in-class tools and features to power up the financial management and workflow of the organization while minimizing risks through effective process automation.

Zycus is an exemplary Procure-to-Pay software (P2P) designed to elevate the procurement process. The platform comes with a next-generation suite of powerful solutions including its patented technology for Guided Procurement System (GPS) that ensures consistency and accuracy of buying decisions. It is equipped with simple yet powerful features that allow users to create a highly intuitive shopping experience with greater product visibility as well as supplier details.

Precoro is a platform that offers procurement software and solutions to help small businesses and enterprises save time and money by eliminating manual processes. Since its establishment in 2014 in New York City, Precoro has been servicing hundreds of companies from more than 67 countries around the world which helped the platform gain an estimated annual revenue of $3.8 million a year.