Using award-winning technology, it is a global network that offers any size of company the ability to exchange documents with its trading partners electronically, without the barriers of capital expenditure. It enables members to fully automate their document processing functions regardless of whether those documents are in paper or electronic form, and does not require any changes to their internal systems. Members receive the benefits of shared technology, paying for usage only, and can scale their solution to include a variety of document types and e-procurement features over time.
The P2D Document Network is an electronic exchange for documents such as invoices, orders, remittance advices and so on, and automates manual processing with a secure, and tax compliant service. It allows documents to be transmitted directly between suppliers’ and buyers’ systems – removing costly and error prone data entry, without the installation of hardware or software. Buyers also have the option to process paper invoices over the network too, with our scanning module that turns ‘paper to data’. This way, companies can crystallize the benefits immediately. Therefore it allows a managed plan of creating the fully paperless office, in terms of document management, document imaging and in turn electronic document exchange.
As an answer to the high cost and difficulty of enrolling trading partners (especially those with low volumes) into traditional EDI methods, the P2D Document Network receives invoices in a number of different standard formats (edifact, xml, csv etc) from which the sender can choose the most appropriate to their business. It then re-formats the data to the recipient’s specific system requirements and integrates those electronic documents directly into its back-end systems down a secure pipe. Documents can be released directly to internal workflow if required, or workflow can be developed within the hub for approvals etc.
Related modules include P2D’s Supplier Recruitment Programme, Supplier Portal, PO/GRN Auto-Matching, PO Flips and Approvals Workflow. Please contact us for more information.
Bob Tims, General Manager at Cambra Styles said,
“Joining the network and getting up to speed with the new system was easy, especially as P2D guided us through the process of getting connected. With up to date processing and payment information online, it self evidently saves time. It has meant we seem to get paid quicker too.”