What is the P2 PSpace Vendor Management AI Agent?

Vendor Master Data (VMD) is crucial part of procurement to pay (p2p). P2P is a the end-to-end workflow of a company's purchasing and payment activities, starting with a request for goods or services and ending with the vendor's invoice being paid. Many teams (Purchasing, Account Payable, Payment, Travel Expense and Business Teams etc.) are involves this process and it is depends on vendor master data to decided vendor creation or improving vendor relations. Each teams are using vmd to resolve their task, and they are feed by those data. We can put it center of p2p process. Furthermore, internal teams confident to use vendor master datas to improve a request for goods or services. I want to ask a question how they confident to vendor master data. Is it really vmd trustable? How vendor master data sets are accurate to represent vendor?

Maybe they are confident for current new setups or well-known vendors which they are using every month. But, other old vendor setups. It is hard to say something for them. Especially forgotten active vendors in their database. This is one part of issue. Other issue, when they create purchasing number (PO), or receiving invoices. P2P analyst ignore some data such as Tax ID, Company Name Extension, Address or contact number etc. With this issue, maybe vendor has been acquired by other company or company name was chagned, or address has been update to new ones. So, it is always good to check vendor master data to confirm accuracy. I would like to open paranthess for enterprises, it is hard to control each time and waste of time and money. At this point, P2P Sapce vendor management AI agent is aim to control vendor master data accuracy and detecting unmatched data via vendor master database with invoices.

I created couple vendor analyst sections by AI agent prompt to see why data is not matching, and you can download as report or you can share concerns with other teams to resolve vendor master data problems. We are extracting data with invoices and try to match vendor database. With this solution, we can react quickly and we are improvig P2P process with team efficency, but we are not extracting bank details and matching with database due to current AI capabilites to avoid fraud. Instead of extracing bank data, you can access our IBAN calculator side to validate of IBAN number format.

Also, we can confirm EU tax register numbers with our app. You don't need to open each time VIES system. We are confirm vendor tax register number via our app. Additionally, we are providing official government tax number validations website with our app. You can access all those free websites to see tax register numbers are still active or not.

I am happy to say, Our P2P Space vendor management AI agent is live and you can use with registration to reach all functions. Further updates are on the way. I will delightly presents update to you following days. Stay with us!

For more question, please contact with us !!!

Link: P2P Space Vendor Managment AI Agent