Bedrock Acquires Procoto to Revolutionize Procurement Processes and Enhance Enterprise Supplier Management Capabilities.

3-5x

Industry Average with Virtual Card Conversion

84%

Time Saved on AP Supplier Management

$1.5

Million Recovered for Every $1 Billion in Supplier Spend

Common Finance Challenges

Cash flow discrepancies can be a major headache for finance and accounting teams. Our AP recovery solutions help streamline this process by providing the necessary systems to identify and resolve these problems efficiently.

Transaction Constraints

Faced with limited resources handling hundreds or thousands of monthly transactions?

Manual Finance Processes

Still utilizing outdated processes for checks and payments?

Lost Revenue

Losing money to duplicate or erroneous payments?

Problem:

Invoice Processing Delays

Manual and paper check invoicing significantly delays the collections process, withholding funds needed for operations.

Solution:

Automate Your Payments

Automate invoice data capture, routing, and accounts payable approval solutions to reduce errors and expedite processes from the start, with our all-in-one platform. Increase revenue with analytics and reporting tools that monitor and manage spending, identify cost-saving opportunities, and handle payment digitization conversion.

Problem:

Limited Payment Protection

Without proper systems in place, you put your business at risk of initiating duplicate payments that can severely impact your bottom line and working capital.

Solution:

Prevent Duplicate Payments

Automated duplicate invoice technology prevents payments at the point of issuance with a streamlined three-way matching system that compares the invoice, purchase order, and receiving documents to reduce the risk of duplicate payments.

Problem:

Lack of Visibility

Incomplete or outdated systems can limit visibility for supplier information and make it difficult to track your cash flows.

Solution:

Monitor From Anywhere

Deploy an AP recovery management system that provides real-time visibility into invoice status, payment history, and supplier information. Electronic tracking systems increase visibility, digitize, and streamline the payment process to ensure timely and accurate reporting.

Problem:

Manual Data Entry Errors

Humans aren’t perfect, so when data inputs solely rely on manual inputs, you put your business at higher risk of inaccurate and incomplete information.

Solution:

Implement Automated Maintenance

AP as a Service eliminates the need for infrastructure maintenance, operating system updates, and hosting of applications. By leveraging cloud-based technology, finance teams can access data quickly and cost-effectively no matter their size or location.

Problem:

Compliance & Fraud Risks

Ensuring all suppliers are in compliance with standard operating procedures can be tedious and exhaust significant resources to counteract accidental errors. 

Solution:

Automate Compliance Procedures

An accounts payable solution that seamlessly integrates with your company’s financial systems to ensure compliance by enforcing payment policies and procedures. Once integrated, you can relax as we fully manage and run all payment campaigns on your behalf.

Over $50 million in client revenue recovered, 500,000+ suppliers verified, and hundreds of thousands of hours saved.

Bedrock streamlines, modernizes, and centralizes supplier management for procurement and AP leaders.
"Doing this Profit Recovery Audit was a task that needed to be done and with Bedrock help we were able to recoup close to $800K in funds that we would have lost. Your staff at Bedrock was professional in dealing with our clients. The process was smooth and your dashboard was easy to follow and track our recoveries."

Finance Director - Fortune 1,000 Telecom

Bedrock is all about the groundwork.

We're extremely hands-on and dedicated to doing everything that needs to be done to improve your procurement and supplier management process.

You need a partner willing to handle the integrations and make the phone calls in addition to providing a powerful platform and automation tools.

Explore our services