Purchase to Pay
FinShare's Purchase to Pay feature streamlines trade operations, allowing buyers to manage domestic and cross-border transactions on open account terms. It integrates connections and interactions with partners throughout the purchase-to-pay cycle, from online purchase order issuance to payment and settlement processes.
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How Purchase to Pay Works
1
Buyer uploads Purchase Order (PO) to FinShare, providing instructions and specifications.
2
Seller creates shipment record on FinShare, providing information on the goods.
3
FinShare matches shipment data against PO: FinShare data matches shipment against PO automatically and resolves discrepancies.
4
Buyer creates payment instructions: Buyer creates payment instructions on FinShare (auto-create feature also available, and triggered after shipment completed).
5
Buyer makes payment to seller.
How FinShare Uses Purchase to Pay to Benefit You
Learn more below about how FinShare uses Purchase to Pay to benefit businesses and optimize financial health. FinShare's proprietary technology streamlines the Forfaiting process, making it faster and more efficient for businesses.
Additionally, FinShare offers personalized support and guidance to ensure that businesses are making the most of their financing options and optimizing their financial health.
Paperless Cost Savings
FinShare's paperless solution eliminates expenses associated with printing, storing, and managing physical documents, resulting in significant cost savings for businesses.
Streamlined Liquidity Management
FinShare simplifies invoice tracking and processing, enhancing liquidity management by ensuring timely and accurate invoice management, reducing payment delays, and providing better cash flow visibility.
Automated Discrepancy Checking
FinShare automates the process of verifying and reconciling transaction details, reducing human errors and improving operational efficiency by streamlining the workflow and minimizing the risk of discrepancies.
Seamless Transaction Management
FinShare enables businesses to efficiently handle both domestic and international transactions, offering features such as multi-currency support, compliance with trade regulations, and integrated partner connections, ensuring accurate and transparent transaction management.
Ready to optimize your
Supply Chain Solutions
Optimize your supply chain finance offerings with our powerful and intuitive FinShare solution for streamlined operations and enhanced efficiency.
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