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Pearl Accounts Payable Automation Software

The missing link to your
Accounts Payable Automation

Introduction

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.

Go 100% Paperless With Mynd’s AP Automation Tool

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:

  • Incomplete invoices that create communication logjams over emails, calls and even personal visits.
  • Poor Vendor relations as vendors aren't sure where to direct questions.
  • Heavy consumption of time and money that can easily be devoted to more productive tasks.
  • Loss of credibility in the market that may affect future business.

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.

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Pearl Accounts Payable Automation Software

Success Formula

1
Features
  • PR to PO Process Automation
  • Vendor Portal
  • Invoice to Payment Automation
  • Online Invoice Tracking & Approval Automation
  • Live Dashboard & Real-Time Analytics
  • Smart Alerts & Notifications
2
Benefits
  • Digitization of Processes
  • Agility & Mobility in Approvals
  • Tracking & Optimization
  • Timely Payments to Vendors
  • Better Planning & Forecasting
3
Results

Faster Invoice Processing and Improved Vendor Relations

AP Automation Software Benefits for Business Transformation

PEARL transforms end to end accounts payable management, enhancing value & controls in your Trade Payables Business Cycle. It is highly configurable and is built to meet industry specific needs. Our extensive experience and expertise of managing large scale AP processes has been at the core of the platform which delivers practical and effective solutions of your day-to-day problems

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.

Features of PEARL

PEARL transforms end to end accounts payable management, enhancing value & controls in your Trade Payables Business Cycle. It is highly configurable and is built to meet industry specific needs. Our extensive experience and expertise of managing large scale AP processes has been at the core of the platform which delivers practical and effective solutions of your day-to-day problems

Accounts Payable Process Automation
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PR To PO Process Automation

  • Online creation of Purchase Request (PR)
  • E-approval of PR
  • PO generation basis approved PR
  • PO release to vendor on email
  • PO modification/ short close
  • Visibility of PO utilization
Vendor Portal Features on Pearl
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Vendor Portal Features

  • Vendor on-boarding
  • Online PO acceptance by vendor on portal
  • Online invoice submission by vendor
  • Duplicity check
  • Real time status tracking of invoice & payment
  • Credit note submission on portal
Invoice approval & Tracking Software
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Online Invoice Approval & Tracking

  • Online Invoice submission by User
  • E-approval of invoices as per DOA
  • E-validation & processing of invoices
  • Real time status tracking of invoices & payments
  • Centralized repository of invoices
  • Reports and Dashboard
Value Addition on Accounts Payable Software
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Value Addition

  • Highly configurable workflow
  • Audit trail of transactions
  • SLA tracking at each stage
  • Multiple touchpoints for ERP integration
  • Live dashboard & real time analytics
  • Email alerts & notifications
Pearl Accounts Payable Automation Software

Specific Measurable Results

Tangible & quantifiable benefits of implementing PEARL

Case Study

The project was for a premier distribution and Information Technology (IT) services & solutions company. The company's principal activities included Cellular Phones and Computers/Microprocessor-based systems. It’s segments include Hardware Products & Solutions, and Distribution. Before the implementation of PEARL, the client had a distributed resources and infra operations spread across 26 regional offices in India and 4 Asian countries. This 40 year old company is registered on BSE and is part of a large Business House of India.

Our Clients

Testimonials

What clients say

Country Head HR

of a US based MNC that produces test and measurement equipment and software

“This is in appreciation of our association with Mynd Integrated Solution Pvt. Ltd. As a recipient of their Payroll Processing services along with Leave & Attendance administration (through SaaS based HRIS tool). We would like to place our recommendation for employing Mynd Integrated Solutions Pvt Limited as your service provider.”

General Manager HR

of a non-for profit company incorporated in 2002 by the Government of India and NASSCOM

“Mynd Integrated Solutions Pvt Limited handles the Payroll Administration and provide HRIS software for our 650 plus employees spread across locations PAN India. We wish to recognize Mynd Integrated Solutions Pvt Limited as a value adding service provider for us; and would like to place our recommendation for employing Mynd Integrated Solutions Pvt Limited as your service provider for managing payroll and it’s related functions.”

Chief Financial Officer

A Leading Indian Telecom Infrastructure Industry

Mynd Integrated Solutions Pvt Limited is providing Satisfactory Services for our Project in the following areas- Automated Employee Lifecycle thru Employee Information Portal, Leave and Attendance Module, Travel and Expense Management, Compensation & Retirals Benefit Administration and Help Desk along with Defining Process Flows for Leave and Attendance, Travel and Expense Claim, Payroll Approvals in e HRIS application. Mynd has successfully implemented Vendor Business Process Management (Purchase to Pay Application) on VBPM Application.

Manager HR & Admin

A Global Company offering English Language Testing Services

We appreciate the services of Mynd Integrated Solutions Pvt Limited on providing accurate and timely payroll. This includes TDS calculation, Statutory Compliances, IT return file, employee final settlements and understanding of our time to time MIS requirements.

FAQs

  • Product
  • Customer Service

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.

  • Intelligent AI-enabled OCR to improve overall operational efficiency
  • BOTS to provide ERP agnostic systems where native ERP is not to be exposed
  • Reduce operational costs
  • Improve operational agility by deploying BOTS alongside human counterparts
  • Migrate human capital to higher value activities
  • Create consistent internal controls with real-time dashboards to monitor BOT & human performance

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.

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