Purchase-to-Pay

Powerful analytics to keep you on track

You need intelligent reporting on the purchase-to-pay process in a heartbeat. Your business would benefit if it could analyse your data any way you like, at any time.

FAP2P

 

Meet Your Challenges

  • See how well the business is really doing using the demand forecasting and sales mix features.
  • Understand the true effectiveness of your procurement process and where compliance and efficiency can be improved.
  • Analyse the quality of your inventory management.

With Fourth Analytics, you can now draw meaningful conclusions with charts, graphs and interactive dashboards delivered to you at the touch of a button.

Key Benefits

  • Relevant teams receive automated reports and updates and can take immediate action.
  • All data is moved out of silos, transformed into intelligence and put into the hands of the operation.
  • Decisions can now be made based on the latest facts with one version of the truth to reference.

Features

Purchase-to-Pay

The Problem
Understanding, and acting upon, the trends and patterns in your purchase-to-pay data is the dream. The reality is often the opposite, with many streams of data needed to generate meaningful information, rendering it almost impossible to get the real story behind your processes.

Our Solution
Fourth P2P analytics dashboards show you everything you need to know. Automated purchasing compliance reporting enables you to benchmark all vendors on delivery and pricing compliance. Now you can negotiate better prices and streamline your vendor base.

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1. See at a glance the variance in sales vs. cost of purchase
2. And drill down to see detail on each product and ever supplier
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1. See your suppliers’ performance at a glance
2. See stock ordered vs. deliveries
3. See which suppliers are the best – and the worst – at getting it right

Inventory

The Problem

No matter the number of outlets, managing cost before it is spent, identifying causes of waste, avoiding over-ordering and excess stockholding, and reducing theft can be time-consuming, labour intensive and, at times, impossible.

Our Solution
Fourth's inventory control software and interactive analytics dashboards work together to show who's accountable across all stock, including non-food and non-beverage items. Inventory check results are analysed to spot trends. Smart charts highlight discrepancies between actual and theoretical. Excess stockholdings are eliminated and waste is typically reduced by 1-3% through full accountability.

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1. Highlights opening to closing inventory: how optimal is the stock movement?
2. Days of stock on hand clearly shows stock efficiency
Fourth gives me two things: economically sound information for decision making around menu development and pricing, and consolidated results for my operation as often as I want them at the touch of a button. It provides information we never had before and I can see at a glance which are problem products and where the wastage is - at company level, at regional level and by brand. I absolutely love it.

John Bradshaw Head of Commercial

Specs

All you need to run Fourth’s products is a device with an internet browser. Yup, that’s it.