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Solution:

 One Platform, One Process, One Vendor, One Invoice

 

Lonesource provides a hosted, web-based solution for companies to optimize and manage spending across all corporate departments to increase profitability and dramatically simplify procure-to-pay processes. The solution features a single user interface (buyer platform), a single set of processes (custom configuration of the hosted site), a single invoice (pre-coded, pre-approved, pre-reconciled, electronically interfaced to customer accounts payable system) and a single point of contact for customer service (Lonesource call center).

Within a few weeks, companies can implement the solution to quickly establish procurement standards, control spending and refocus internal resources on core business, "mission-critical" processes. Working with Lonesource, companies can:

  • Refocus internal personnel on strategic spend initiatives.
  • Reduce the number of monthly invoices from hundreds or thousands down to just one.
  • Achieve more purchasing oversight control with predetermined reconciliation.
  • Streamline accounts payable processes for departmental purchases.
  • Gain total visibility of company spending with detailed analysis and reporting.
  • Establish error-free requisitions and paperless processes.





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