P2P = Procure-to-Pay P2P system is a fully integrated and automated end-to-end business process, which starts with suppliers, continues with ordering and receiving, and ends with payment. The front end begins with suppliers who offer products and services at negotiated and contracted prices. A business then initiates the automated shopping and ordering process for food, operating supplies and equipment (OS&E), services, and furniture, fixtures and equipment (FF&E). The generation of purchase orders, approvals, receiving, invoicing and payment are processed in the system, which ends with approved to pay invoice vouchers that are integrated into an accounts payable or ERP system.
Our software is cloud-based, utilizing the convenience of no installation, immediate access anywhere, anytime, and real-time pricing for accurate costs. CedarCreek’s current clients connect to more than 200,000 suppliers to buy their goods from start to finish through their private marketplaces with eProcurement and AP Automation modules. The Inventory Control module ties directly into purchasing, as does Capital Budget Management. For companies with restaurants, the Recipe Management System connects with purchasing, accounting and inventory. CedarCreek clients have wide flexibility to configure their own marketplace with their suppliers, as well as to understand their business from different angles, create reports and analyze spend data. This enables better decision making, maintaining compliance and improved business processes.
We explore your business process improvement (BPI) gaps and analyze your business processes.
Compliance gaps to determine return on investment (ROI) could be: contracted suppliers and products, invoice approval, purchase order approval, inventory master list maintenance, GL coding accuracy, budget, recipe products and preparation, menu consistency, capital budget management, OS&E planning and budgeting, AP approvals, tax and freight capture, product and service consistency, use of business intelligence for planning, accurate receiving, purchase order/receiving and invoice matching.
Business analysis. Marketplace development. Project management. Supplier adoption. QA Testing. Go Live!
On site. Webinars. Corporate contact. Self-guided videos. Quick guides and user guides.
Help is always available.
CedarCreek’s software uses a cloud-based Software-as-a-Service procure-to-pay platform, which focuses on improving business processes using eProcurement, AP Automation, Inventory Control, Spend Analytics, Recipe Management and Capital Budget Management.
CedarCreek’s solution helps automate and track procurement procedures, providing instant online visibility into all purchasing, inventory and payment related activities.
“In one property, the ROI was immediate, with annualized savings of $18,500 for a single hotel in the first day of go-live.” -Hilton Worldwide
Avendra. BirchStreet Systems. Fintech. BancTec. Avero. iGate. Infosys. The Integration Center.
CedarCreek’s procure to pay system is uniquely designed to help the club Industry to maximize spend coverage. The platform and technology connect customers with their suppliers to improve efficiency, increase transparency, provide accountability, strengthen financial controls, resulting in significant business process improvements and cost savings.