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Clear Path Commerce Overview

 

What is Clear Path Commerce? 

In an effective Procure-to-Reconcile cycle, by applying principles of SDCM such as risk management, supplier relationship management and trade-off management, an organization can significantly reduce the amount of time between procurement and payment. Traditionally, the process has been very labor and paper-intensive. With advances in technology over the past two decades, the process has become more streamlined and automated through the development of Supply and Demand Chain Automation (SDCA) applications. SDCA applications are designed to address one, many or all of the phases of the Procure-to-Reconcile process. By automating all or part of the Procure-to-Reconcile cycle, organizations reap many benefits, including advanced visibility into corporate spending, paperwork and manpower reductions, strategic sourcing relationships, and fraud prevention.

The OIG solution for enabling fast, easy Procure-to-Reconcile is simple and powerful - and has some distinct features that set it apart from other players in the SDCA space. It is called Clear Path Commerce because the modules built by OIG do not use a central hub for the Procure-to-Reconcile cycle - but instead use advanced technology to enable suppliers to fulfill orders and complete the IPR cycle using electronic POs, ship notices, and invoices from ANY eProcurement engine. It's a completely clear path between the suppliers and any purchasing application - resulting in better visibility and manageability for all parties.

 

 

 

 

 
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