Accounts Payable
Finance Accounts Payable Process
Manual processing
- Unnecessarily high TAT
- Delays in payment
- Disruptions in the supply chain
- Prone to errors
Impact:
Irate vendors and additional costs
Complex exception workflows
- Resource-intensive
- Inter-departmental back and forth
- Difficulty in detecting patterns
Impact:
Potential fraud, delayed financial closure, reduced visibility of the process
Brittle existing technology
- Inability of RPA solutions to adapt to changes
- OCR’s inability to process complex data
- Difficulty in adopting new templates
Impact:
High TCO, scalability issues

PLUTUS Benefits :
Spend Visibility with Build in Controls and compliance for better management decision
End to End Traceability
- Invoice to payment
- Near Real time validation
- One View Controls
- Tracking & Validation across stages
- User level tracking
- Alerts for Overdue Invoices
- Timely & accurate payment provisioning
- Automated Communication
- Audit trail of transactions
Compliance Controls
- Reject invalid Vendor/Inv
- DOA Approval, split PO
- Rejection with reasons
- Cashflow planning
- Capital management
- Use Credit Effectively
- Vendor compliance check
- Qty & Rate Checks
- User errors
- Prevent Revenue Leakage
- Duplicate Invoice
- Material ID level checks
- GRN Controls
- QC Controls
Decision Making
- Reconciled Invoice
- PO=GRN=Invoice
- Rate, Material ID, QTY
- System based rejection
- User define exception
- Pre defined controls
- Process adherence
- Material Rate checks
- Price trends
- Vendor Performance
- User Defined Dashboard
- Management Dashboard
Efficient Operation
- Set User approval TAT’s
- Minimize Manual & Rote data entry & errors
- Enable team for Strategic & quality work
- Minimize process cycle
- Enhance Vendor Experience & Satisfaction
- Delivery performance
- Reduce P2P ops cost
- Reduce Operations Hrs
- Value added analytics

Plutus sets up accounts for new vendors, creates purchase orders, captures data from invoices, extracts invoice data to accounting systems, matches amounts to PO & delivery receipts, and authorizes payments effortlessly and with matchless speed.
Plutus works in tandem with the Business Support Team for supervision and approvals where necessary. The Cat does C(a)T scanning too.
Benefits of having Plutus in your team:
- Ensure timely payment of bills.
- Establish a strong credit.
- Build long-term relationships with suppliers and vendors.
- Do away with unnecessary spends in terms of overdue charges, penalties, fines for late or delayed payments.
- Better cash flow management by proper utilization of credit lines.
- Minimize errors, missed and duplicate entries.
- Ensure accurate recording, tracking and financial reporting.
Everything that Matters
- KYS - Know your Suppliers. Onboard & consistent monitoring of ESG / Financial & Legal compliances
- Invoice Processing Automation - LLM Models to Extract Unstructured Data Check out our extraction capabilities
- Personalized Process Flow Automation - A workbench with 360 degree view of data for accurate decision making & exception handling.
- Pre-Build connectors with ERP for data flow
- Vendor Reconciliation Reports
- Treasury Management - Cash Flow / Revenue Leakage