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AP Automation for Healthcare with the Security Organizations Demand
Healthcare organizations are looking to leverage technology to reduce the cost and inefficiency of their back office operations, and they need to ensure those solutions have the security standards the healthcare industry requires.
Central to automating healthcare finance is the elimination of paper processes and lengthy approval cycles with accounts payable automation and controlling indirect spend with purchase to pay.
SecureCloud P2P enables healthcare companies to capture vendor invoice data, process invoices with an approval workflow, automatically match POs, automate purchase requisitions and more.
By standardizing the ordering of goods and services, finance can reduce fraud, optimize expenditure, control indirect spend, negotiate discounts with key suppliers, and gain critical insights.
To do this, Healthcare organizations need a robust SaaS platform that has the highest security standards, operating procedures and best practices in place.
Palette Software essential accreditations such as SOC1, SOC2, HIPAA, GDPR Ready, and PEPPOL. Project Hosts accreditations include HITRUST, HIPAA, ISO 27001, FedRAMP, DOD IL5.
Palette and Project Hosts have published a Whitepaper about the platform that is available for download: https://www.palettesoftware.com/whitepaper/purchase-to-pay-for-healthcare-with-securecloud-p2p/
SecureCloud P2P integrates with over 50 ERPs
The data integration process can often seem overwhelming. SecureCloud P2P’s industry standard middleware alleviates the burden with powerful integration capabilities built into an easy to use graphical user interface.
It gives the ability to connect multi-company, distributed, or group finance applications in any enterprise, web-based, or cloud architecture.
SecureCloud P2P has a range of ready-to-use connections to the most common ERP systems on the market such as NetSuite, SAP Business One, Sage , Dynamics and more. Healthcare organizations get a proven integration methodology that enables a standard configuration and seamless data flow between SecureCloud P2P and their ERP.
The SecureCloud P2P integration interface offers several options to facilitate communications and data sharing between SecureCloud P2P and your client’s business system.
SecureCloud P2P API and integration technologies products and services create flexible opportunities to implement secure, efficient and transparent system connectivity, with high business and user value.
Whether they use the SecureCloud P2P standard API to integrate or one of our many connectors, SecureCloud P2P Integrated Solutions supports Stored Procedures, Web Service or Files, XML and/or text files and tab-delimited integrations.
Clients improve business processes through integration of:
- Master data such as General Ledger and other account coding, supplier, and payment data is brought into SecureCloud P2P for validation and workflows.
- Business transaction data, e.g., purchase order, delivery receipts (full or partial), supplier invoice data and more, are regularly synchronized between SecureCloud P2P and the client’s business system(s).
- Transfer of approved/matched supplier invoices, employee expense forms and other optional transactions such as purchase requisitions are sent for further processing by the client’s system for further processing and/or vouchering.
See the whitepaper about the platform here: https://www.palettesoftware.com/whitepaper/purchase-to-pay-for-healthcare-with-securecloud-p2p/