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Procurement Partners SimpleAP Automation Solution Drives Much-Needed Innovation
in the Healthcare Accounts Payable Practices
Advancing an Industry in Desperate Need of Solutions to Relieve Staffing Challenges
(Bloomington, IL) Leading procure-to-pay technology solution company Procurement Partners has announced the release of SimpleAP, an Accounts Payable automation solution created for healthcare providers and their organizations. SimpleAP pairs with Procurement Partners’ existing procurement and purchasing solution to deliver game-changing cost savings and time savings, eliminating inefficiencies by streamlining spend management and procure-to-pay processes.
This AP automation solution was created to help accounts payable, finance leaders and healthcare teams take control and eliminate outdated processes. Paper invoices and tedious, manual processes to review, code, route for approvals, and pay have for too long been an industry norm. While technological automation has made procurement and purchasing more streamlined, efficient, and standardized, for many organizations the invoicing side of the equation calls out for equal innovation.
“SimpleAP is an innovation that deepens our continuing mission of simplifying and automating what have historically been cumbersome manual processes,” says Harmeet Singh, President and CEO of Procurement Partners. “SimpleAP will save time and effort for healthcare professionals, which means freeing them up to focus on their real mission: caring for patients and residents.”
For reasons both logistical and culturally systemic, including risk aversion and high compliance thresholds, the healthcare industry has historically trailed other fields in adapting to technological change and implementing key automation solutions. These include crucial back-office functions such as purchasing and procurement, and accounts payable and invoicing payments.
SimpleAP combines automated technology backed by human experience and skill. Its range of functions digitizes invoices, properly codes, routes, schedules for payment, and pays while completely integrating with data produced from the procurement process. This leads to immediate and measurable time and cost savings, from advanced optical character recognition (OCR) digitizing of paper documents to leverageable data insights and reports that unite the mission of purchasing and finance and give leadership a clear, strategic financial line of sight.
SimpleAP also delivers the advantage of an integrated solution with a leading E-Procurement system and its experienced experts. In addition to providing an extensive network of pre-approved suppliers, this AP automation system identifies wasteful spending and potential fraud, monitors contract compliance, lowers data security risks, and improves cash flow measurement and predictability. For Finance offices, especially those that might be short-handed in times of negative healthcare administrative staffing trends, getting real-time, simple-to-implement, easy-to-learn spend management control has considerable and far-reaching benefits across entire organizations.
Looking to Reduce Your Annual Spend?
Procurement Partners helps healthcare organizations strengthen their supply chain operations while reducing annual spend by over 10%. As a leading healthcare supply chain software solution purpose-built for post-acute, non-acute, and continuum-of-care providers, the platform simplifies the procure-to-pay process. Users can place orders and process invoices for all suppliers through a centralized system. By automating procurement workflows, organizations report up to 40% time savings and 95% supplier contract compliance.
