In a purchase to pay cycle, partial process is automated by using many finance and accounting software available in the market such as SAP, Tally, Business central etc.
The account payable process part covering the receipt of invoices till posting the payments from account payable process was done by manually entering the data. This increases chances of human errors, data loss, delay in receiving the invoices thus causing bottlenecks in the payment process .
IRP provides a digital platform for quick uploading of the purchase invoices by vendors from any corner of the world either through web or app on any smart phone. The end user can request payment , view the history and status of the requests.
Read More