The procure-to-pay (P2P) cycle is repetitive and laborious, starting with identifying the requirement of a service or product for a business and ending with processing the payment for the product or service received. In addition to draining a company’s resources, an outdated, non-optimised P2P processes can also hamper a company’s relationships with suppliers and hurt its credibility.
Leveraging its unique people, processes and platform approach, QX Global Group offers a wide range of outsourced P2P services that are suited for companies of all sizes, across industries. These services allow businesses to add agility to their P2P process, implement intelligent automation, optimise spends and exploit new avenues for cost savings.
Free onshore teams to shift focus to strategic functions.
Streamline P2P workflows to increase team efficiency.
Add agility to your processes by implementing technology & automation.
Achieve significant cost savings and efficiency gains by partnering with P2P specialists.
Many modern businesses still struggle with manual data entry of paper-based documents or inefficient processes, which leads to a direct impact on the company’s cash flow and supplier relationships. QX Global Group’s AP and T&E services combine process excellence, best practices and automation to improve supplier management, streamline AP and T&E processes and bring down operation costs.Read More
Businesses dealing with paper invoices often face challenges with the laborious nature of invoice processing, which can often lead to costly errors, duplications and delays. QX’s customised invoice processing services allow companies to optimise their invoicing procedures and implement automation solutions so that their onshore teams can focus on revenue-driven functions.Read More
Email or paper-driven ordering and approval of materials and services is a time-consuming process that puts a business at a risk of major errors. QX’s Purchase Order (PO) Management services allow businesses to digitise and automate the ordering process, streamlining PO process and significantly reducing the P2P cycle time.Read More
As a part of its P2P umbrella of services, QX Global Group also offers highly customisable P2P reporting outsourcing for businesses of all sizes, across industries. Set up a team of dedicated reporting specialists for your business to gain access to in-depth, timely and accurate reports delivered through intuitive dashboards.Read More
Build smoother supplier relationships by providing your vendors with relevant information and responses online through QX Global Group’s Supplier Helpdesk Service. These services help reduce supplier queries, while also rapidly recording and resolving any queries that may arise.Read More
Companies dealing with multiple supplier-related transactions often face challenges extracting data & insights from supplier & item master records. QX’s supplier master management services help clients gain access to accurate supplier/vendor data while allowing onshore teams to focus on strategic functions & reducing operating costs.Read More
We work with all major P2P and invoice processing software and can easily work with your existing platform as well. Some of the software we use on a regular basis include:
An award-winning company that is both SOC 2 and GDPR Compliant
ACCA- approved Gold Employer
ISO 27001 compliance for security & ISO 9001 compliant for quality management
A steady stream of qualified accountants through the QX Academy
Stay on top of all accounting jobs with QX Tracker App
Flexible engagement models catering to all requirements, whether big, minor, temporary, or permanent
Here are some of the most frequently asked questions around P2P outsourcing. If you have a question that isn’t answered here, please feel free to contact our sales team – they’ll be happy to help!
Outsourcing your P2P function to a reliable outsourcing partner can bring about a range of benefits that include:
Zeroing down on the ideal partner will perhaps be the most important aspect of your outsourcing journey, which will eventually determine its success of failure. While looking at the options, it is important to study the industry experience and knowledge of relevant tools & software for every service provider. Transparent communication, flexibility and attention to detail are some other qualities that can go a long way in helping you pick the right partner. Additionally, awards and accreditations also serve as a good means to define reliability of a potential partner.
In most cases, experienced P2P outsourcing partners have the ability to with all major accounting software systems. They are up-to-date with the latest technologies and adapt to them within very short time frames. Some of the major software packages you should look out for are Yardi, SAP, Tally, Docuware, KOFAX, Realpage, Access, MRI, Sage and Oracle amongst others.
Cost saving is often the key driver for several outsourcing projects. Working with a reliable P2P outsourcing partner can help bring down operational costs by up to 50%. In addition, your business is also likely to experience indirect additional savings through improved process efficiency & accuracy. However, it’s key that you choose the right partner who can deliver both cost savings and overall efficiency.