The missing link to your
Accounts Payable Automation
The missing link to your
Accounts Payable Automation
PEARL is a digital trade payables automation tool that streamlines an organisation’s “Procure to Pay” business cycle resulting in tangible savings & an improved partner ecosystem. PEARL rides on Mynd’s extensive experience and expertise of managing large scale AP processes. Our domain knowledge has been at the core of the platform which delivers practical and effective solutions to repetitive yet critical business functions.
Accounts payable (AP) process has always been a manpower-intensive task. The pain point of the finance operations globally, and the pandemic has only added more frustrations to it. The lack of adequate digitization, or account payable automation process, is the main reason behind the inefficiencies blowing up your AP budgets.
The lack of an efficient accounts payable automation software leads to following problems:
But our AP automation solution-Pearl provides the one stop solution of all the above problems by automating the whole process of Procure to Pay.
Faster Invoice Processing and Improved Vendor Relations
1. Minimize P2P Costs
By reducing the cost of your entire AP process by 80%, utilize the budgets in places that add more value to the business and contribute to boosting your corporate agility.
2. Fasten Process Timelines
With automation at its core, Mynd’s PEARL almost eliminates the need for manual interventions. Reduce the processing time of your invoice by 95% from negligible errors, and manpower time spent, resulting in more space to do things of higher priority.
3. Cut Down Fraud Risks
By replacing human intervention with PEARL’s automation at almost every transactional step of your AP process, you can effectively eliminate the risks of bank fraud, pilferage, and documentation scams.
4. Enhance Scalability
Digitization is the key to improve scalability of your business, and PEARL converts your P2P completely digital. This deploys a 24x7 working resource on your AP process without the additional cost of hiring, training and managing human resources as the workload increases.
5. Acquire Real-Time Insights
It is imperative for an CFO to work on data to find scopes of improvement and prioritize the growth of internal as well as external processes of the organization. With quick and objective based insights on the go, the power falls right into the hands of those seeking the right direction, in the right time.
Tangible & quantifiable benefits of implementing PEARL
PEARL seamlessly automates the entire process from invoice submission to approval to vendor payment
PEARL digital interface facilitates e-approvals, making your management mobile yet accessible
PEARL offers real-time tracking of invoices & payments along with real time email and SMS notifications
PEARL speeds up your internal processes and approvals, ensuring timely vendor payment
PEARL gives you real-time data analytics on AP process and spends
PEARL by Mynd is digital trade payables platform that can help your business transform your vendor management landscape through Robotics Process Automation. With software and solutions that are efficient, simple to use and built for change, PEARL manages all aspects of your Procure-To-Pay process by enabling simplification and speed.
Every vendor payment done on time contributes to strengthening the business relationship, thus leading to better negotiations and robust supply chain. With PEARL you can ensure vendor delight by automating and transforming your AP Process.
Yes, you can get a free demo of PEARL will all the functionalities. Just send us a query and we will get back to you in no time.
PEARL is a 100% customizable tool which suits your need and fits perfectly into your world. You may pick and choose the features and modules you wish to have in your system.
PEARL can be integrated with any legacy ERP system.
PEARL has a very user friendly and simplified User Interface designed in a way that you make payments on time. Mynd helps you train your AP team at the time of implementation to understand all the features and working of PEARL. Believe us it is not a rocket science.
Just 45 days and you are ready to have a digitally transformed Payable department completely.
We always keep our experts on standby mode, in case you have any issue you can connect with the SPOC assigned to you and get the issue sorted.
