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ServiceTitan, a world-leading all-in-one software and operating system for residential and commercial service and replacement contractors, has partnered with R.E. Michel Co., one of the foremost wholesale distributors of HVACR equipment, parts, and supplies, to develop a groundbreaking workflow solution that streamlines and modernizes the relationship between contractors and suppliers.
The new Procure-to-Pay experience, announced by ServiceTitan at its virtual industry conference, Pantheon, is currently in an early access program, targeting a general release in early 2021. Procure-to-Pay will connect contractors and suppliers and create a friction-free procurement process by incorporating the purchasing and payables workflows directly into ServiceTitan's industry-leading platform.
"Traditionally, the interaction between contractors and suppliers has been a tedious and error-riddled process that includes verifying product information and pricing, submitting orders, entering the details in accounting software, and going over records line by line to reconcile payments," said Vahe Kuzoyan, founder and president of ServiceTitan. "With Procure-to-Pay, contractors can finally eliminate some of these all-too-familiar pain points. The optimized workflow built into this new experience enables them to keep pricebooks up to date, streamline record-keeping, and even make easy electronic payments to vendors."
Kuzoyan announced Procure-to-Pay during his keynote Pantheon address on Aug. 12. More than 4,000 ServiceTitan users and industry leaders registered for the 2020 online conference.
"This is another example of a problem contractors and suppliers thought they just had to live with," said Chad McAllister, director of sales, R.E. Michel Co. "Procure-to-Pay is another major step forward in the disruption of the industry by technology. Contractors and distributors will see their efficiency increase, helping their companies grow and also relieving some of the stress that business owners experience."
For more information about Procure-to-Pay, visit www.servicetitan.com/remichel-partnership.