Procure to Pay Accounts Payable Process
As a valued business partner, we are excited to announce that the LCBO will embark on a new procure to pay initiative. This new process will impact all suppliers by enhancing process flows throughout the supply chain.
Suppliers will benefit by consistently receiving LCBO purchase orders with every order. Within the LCBO, requisitioning and receiving will be simplified and aided by automated tools that will ensure ongoing timely payments. Additionally, suppliers will have the ability to view purchase orders, receipt and payment details on iSupplier *** in real time.
How will this initiative impact our suppliers?
LCBO will no longer reference supplier invoice numbers with LCBO payments. The payment notifications will reference the LCBO purchase order number only. By registering on the LCBO iSupplier portal site, suppliers will be able to reference supplier invoice number to the LCBO purchase order number.