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 analyze 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.
  • Analyze 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.

Inventory

The Problem
No matter the number of locations, managing cost before it is spent, identifying causes of waste, avoiding over-ordering and excess inventory holding, and reducing theft can be time-consuming, labor 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 inventory, including non-food and non-beverage items. Inventory check results are analyzed to spot trends. Smart charts highlight discrepancies between actual and theoretical. Excess inventory holdings are eliminated and waste is typically reduced by 1-3% through full accountability.

Recipe Edition Procure Edition Premium Edition Enterprise Edition
P2P Recipe Edition is ideal for recipe, allergen, and menu cycles management. P2P Procure Edition gives you procurement tools such as electronic ordering, catalog management, and supplier network connections. P2P Premium Edition combines Recipe Edition and Procure Edition into a single unified tool. And it’s easy to upgrade from either to Premium. P2P Enterprise Edition does everything Premium does, plus order matching, inventory management, receiving, requisitions, POS integration, cost control analysis and more.

Want to find out more? Contact Us

Editions

Fourth’s Purchase-to-Pay and Inventory solutions are available in four Editions designed to meet the level of control you want, to deliver immediate ROI and provide scale as your business grows.

FIND OUT MORE ABOUT EDITIONS

Purchase-to-Pay and Inventory blog posts for you

Big data… but what data?

Written by: Mike Shipley

Exactly what sorts of data come together to create Big Data?
Here are the types of data hospitality operators need to know. Then, learn how this data married together creates leading indicators that help owners see and react to operational issues before they become bigger problems.

Internet of Things ushers in the connected restaurant

Written by: Christian Berthelsen, Chief Technology Officer, Fourth

Restaurants and hotels are only just beginning to use the power of the Internet of Things to automate tedious operations and make sense of huge amounts of data. From keeping employees engaged to tailoring the customer experience, IoT (Internet of Things) changes everything. Learn more about what it can do and how to best set up the connected restaurant and hotel.

Specs

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