Get rid of manual intervention for high volume transactions
Maximize Source-to-Pay efficiency
Source-to-Pay automation is key to optimizing procurement and supplier management. Automating procurement helps retailers secure better prices and terms while controlling spending.
Using Source-to-Pay automation with intelligent document processing based on AI allows retailers to handle large volumes of invoices, orders, delivery notes and more, more accurately, reducing manual data entry time.
Faster, and more reliable transactions
In the retail sector, finance automation helps businesses optimize their financial operations. Automating accounts payable and receivable processes ensure that payments are processed quickly and accurately.
E-invoicing speeds up the process cycles, ensuring that suppliers are paid on time, which is crucial for maintaining a smooth supply chain within retail.
Source-to-Pay automation helps retailers streamline procurement, secure better supplier terms, and ensure timely, accurate payments, keeping the supply chain smooth and efficient.
Streamline financial document processing
Routty’s digital processing solutions can significantly enhance the retail sector by streamlining Accounts Payable (AP), Accounts Receivable (AR), and overall document management through Intelligent Document Processing (IDP).
By automating the financial processes, Routty helps retailers reduce manual data entry, minimize errors, and improve cash flow management. Automated AP ensures timely payments to suppliers, avoiding late fees and fostering stronger supplier relationships, while AR automation accelerates payment collection.
Routty’s IDP enables efficient handling of invoices, purchase orders, and other financial documents, ensuring accuracy, compliance, and faster decision-making.
Resources and Retail insights
Case
Efteling
The Efteling, a pioneering force in the tourism and leisure industry, has been enchanting millions with its magical experiences since its opening in 1952.…
Read more
AI in Procurement: Community allows for reliable possibilities
'In the next 24-36 months, the repetitive, mundane work will be done by AI'.
How do we drive change, optimize spending and generate value? In doing so, how do we learn from each other and how do we celebrate success together?
Read more
Case
Topcon Healthcare
Topcon Medical BV is a company at the forefront of healthcare technology. The company has seen considerable progress in its invoice management system over…
Read more