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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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