Touchless Procurement Solutions for the Pandemic and Beyond

With the pandemic unfortunately still impacting daily business, there has been a consistent rise in the need for technology and more automated services. Paperless and contactless transactions are the safest way to not only avoid physical interaction, but also avoid the potential for human error and time-consuming manual effort. 

The Yardi Procure to Pay Suite is comprised of products which combine to support each step of the procurement workflow: 

• Yardi PayScan offers automated invoice processing, taking the burden off clients as invoices are scanned and keyed by Yardi. 
• Yardi VendorCafe is a free solution which allows clients and vendors to self-service their accounts, including invoicing, payment statuses, managing purchase orders and work orders.

In the last 10 months, we’ve seen over 40% growth of our PayScan solution. Clients are leveraging the benefits of workflow oversight and invoice approvals on-the-go with a mobile app. With so much of the workforce still working remotely, mobile access to data is critical. 

For many organisations, ensuring business continuity became an unexpected focus when teams were sent home in March. Integration of Yardi’s product lines is a major step in achieving that goal, as automated solutions facilitate continued accounts payable processing regardless of where your workforce is located. Yardi Kube, the workspace management platform, which is widely adopted by coworking space operators, integrates seamlessly with the Yardi Procure to Pay product line. Yardi Kube is the only coworking solution which offers a comprehensive procurement product native to its environment. 

While smaller workspaces may not need the depth and expansive capabilities of joining these two products, for operators who intend to grow and scale their business efficiently, a pairing of Kube with Procure to Pay can save time, money and manual effort. 

As society tries to return to a normal work structure, the adoption of automated technologies will continue to play a key role in user safety, convenience and timeliness of transactions. Traditional office space is being repurposed and private offices, common areas and shared desks are all being reimagined. Combining Yardi Kube and Yardi Procure to Pay allows operators to manage an evolving workspace while ensuring business continuity and streamlining operations.