Clear
Supply Chain Cloud

The Clear Supply Chain Cloud helps enterprises optimise their supply chain by way of-

• Faster invoice processing: Automating the procure-to-pay process can accelerate invoice processing and streamline approval workflows, minimising delays in invoice approval and payments.
• Reduced errors and disputes: Automated processes can reduce errors in invoicing and payment, minimising the likelihood of disputes, and ensuring smoother relationships between buyers and suppliers.
• Better vendor collaboration: Vendor portals enable suppliers to interact with buyers in real time, improving communication and facilitating quicker resolutions.
• Assured compliance management: Clear Supply Chain has features for managing compliance requirements, reducing the risk of non-compliance issues and associated penalties.
• Real-time visibility: Real-time visibility into transaction status and payment cycles help suppliers track the progress of their invoices, view payment details, and anticipate cash inflows more accurately.
• Improved cash flow: Features like dynamic discounting and early payment programs allows suppliers to receive payments sooner in exchange for discounts. This can significantly improve a supplier's cash flow and working capital.‍
• Data analytics and reporting: Access to data analytics and reporting tools can help finance leaders gain supply chain insights, identify areas for improvement, and make informed business decisions.

Accounts payable is a module within the Clear Supply Chain Cloud that is responsible for handling the entire accounts payable operation of an enterprise, from adding invoices, getting approvals, to posting to the ERP. The features included in Accounts Payable are: 

• Uploading and digitising invoices 
• Running 60+ validation and compliance checks to ensure compliance
• Automated rule-based approvals 
• Sync with your ERP
• Vendor communication

The Clear Supply Chain Cloud provides enterprises with direct and indirect benefits across multiple dimensions:

• Up to 70% reduction in operational costs in accounts payable processes and at a 90% faster rate.
• Up to 99% accuracy in AP data and compliance with regulatory mandates.
• Up to 90% reduction in teams’ bandwidth deployed in vendor management
• ‍Up to 6% additional returns on surplus funds via early payment programme.

Yes. The Clear Supply Chain Cloud offers a Vendor Management Portal that is fully capable of helping the vendors communicate with the buyer and exchange documents and purchase orders.

The Clear Vendor Management Portal helps vendors to achieve multiple tasks:

• Receive purchase orders from the buyer.
• Upload invoices to the portal, which are sent to the buyer automatically.
• Digitise invoices before sending for faster payments.
• After sending an invoice, the vendor can track the status of the invoice as it goes from in-approval, to pending payment, to processing payment, and finally paid.
• Vendors also get notified immediately if an Invoice is rejected by the buyer. 
• If the buyer offers an invoice discounting programme, vendors can apply for discounting and financing directly from the portal itself.

Clear Supply Chain does not support making payments through the product, but still provides significant benefits to facilitate faster payments by way of- 

• Faster invoice processing 
• Reduction in manual errors and mistakes
• Streamlining communication with suppliers 
• These benefits contribute to making supplier payments more efficiently and in a timely manner.

The Accounts Payable module in Clear Supply Chain Cloud can identify duplicate invoices by using a combination of document number, document financial year, vendor GSTIN and buyer GSTIN. Invoices flagged as duplicate are moved into the ‘Others’ tab inside ‘AP -> Receive’. Additionally, Clear Supply Chain runs 60+ validation and compliance checks to ensure fraudulent invoices don't get through.

Clear Supply Chain can act as a single platform for both buyers and suppliers to allow both parties to communicate and exchange documents with each other, thereby eliminating multiple back and forth messages and disconnected communication over email/phone/messaging apps. Both, buyers and suppliers additionally have the ability to have contextual communication with respect to all the documents that are shared in the overall supply chain process.