Fintra Feature
Procure-to-pay on one ledger
What procurement in Fintra does
Procurement without a system is a trail of emails and a surprise on the invoice. Fintra runs procure-to-pay as one connected loop: the PO commits the spend, the goods receipt records what arrived, the 3-way match ties the bill to both, and supplier scorecards tell you who to keep buying from: all on the ledger that runs your books.
- Purchase orders that commit spend against your budget
- Goods receipt to record what physically arrived
- 3-way match against PO and receipt with tolerances
- Supplier scorecards: on-time delivery, fill rate, price variance, lead time
The procure-to-pay loop
From PO to payment
Raise a PO
Commit the spend with quantities, prices, and an expected date.
Receive goods
Record what actually arrived: the receipt the match relies on.
Match the bill
3-way match against PO and receipt; auto-post within tolerance.
Pay by ACH
Matched bills pay through Increase and post to AP.
Score the supplier
Update on-time, fill rate, price variance, and lead-time metrics.
Supplier scorecards from your own data
| Metric | How it is measured |
|---|---|
| On-time delivery % | Receipts on/before the PO expected date |
| Fill rate | Received quantity vs ordered, capped per line |
| Price variance % | Billed cost vs a reference cost, qty-weighted |
| Lead time | Days from order to receipt, mean and spread |
These are computed deterministically from your PO and receipt observations, so the scorecard reflects how a supplier actually performs for you, not a vendor’s marketing.
Controlled and reconciled
- POs commit spend so procurement ties to the budget
- The match refuses to accrue more than was received
- Matched bills pay by ACH and post to AP
- Every PO, receipt, match, and payment is logged
Questions people ask
What is procure-to-pay software?
Procure-to-pay (P2P) software manages buying from the purchase order through goods receipt, invoice matching, and payment. Fintra runs the full loop on one ledger (POs commit spend, receipts record what arrived, 3-way match ties the bill to both, and matched bills pay by ACH) with supplier scorecards on top.
How does Fintra score suppliers?
From your own PO and receipt data, Fintra computes on-time delivery percentage, fill rate, price variance, and lead time per supplier. The calculations are deterministic, so the scorecard reflects how a vendor actually performs for you rather than a self-reported claim.
Does procurement connect to accounts payable?
Yes. The purchase order and goods receipt feed the 3-way match, and a matched bill posts to accounts payable and pays by ACH: all on the same ledger. Procurement and AP are one continuous loop rather than two disconnected systems.
Do purchase orders control the budget?
Yes. A PO commits spend, so procurement ties to your budget and you can see committed-but-not-yet-billed amounts. That turns purchasing from an after-the-fact surprise into a controlled, visible part of the plan.
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Run procure-to-pay on one ledger
Talk to us: we will map it to your stack. Raise POs, match bills, and score suppliers.