Pivot Features
What are the features of Pivot?
Planning
- Processes
- Requisition
- Processses
Execution
- Sourcing
- Purchasing
- Invoicing
- Purchasing
Invoice Management
- Repository
Invoice Processing
- Approvals
- Matching
- Workflows
Integration
- ERP
- ERP
Management
- Documents
- Receipt of Goods
Top Rated Pivot Alternatives
Pivot Categories on G2
Filter for Features
Revenue Recognition
Usage Tracking | Track usage per company, custom time period, or contract | Not enough data | |
Deferred Revenue | Track payments received for products that haven't be delivered yet | Not enough data | |
Revenue Accrual | Recognition rules to accrue revenue on a daily or monthly basis | Not enough data |
Budget Creation
Budget Hierarchies | Define budget structure elements and how they are linked hierarchically | Not enough data | |
Formulas | Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues | Not enough data | |
What-If | Test the potential financial impact of business decisions on revenues and expenses | Not enough data | |
Budget Periods | Users can customize standard budget periods (3, 9, or 12 months) | Not enough data |
Budget Management
Consolidation | Consolidate multiple budgets from different departments or business entities | Not enough data | |
Workflows | Workflows are used to define the steps required to alter budgets and who needs to approve changes | Not enough data |
Forecasting
Reforecast | Ability to recreate forecasts to include new information that may impact budgets | Not enough data | |
Rolling Forecasts | Used to review and update budgeting assumptions for a predefined period (usually one year) | Not enough data | |
AI | Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns | Not enough data |
Analytics
Variance Analysis | Project out as the year progresses to accommodate trends that affect key business drivers. | Not enough data | |
Forecasts Comparison | compare Income Statement, Balance Sheet, and Cash Flow for multiple periods | Not enough data | |
Forward Looking | Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data | Not enough data | |
Visibility | As reported in 10 Pivot reviews. Improve visibility into procurement activities across the company. | 100% (Based on 10 reviews) | |
Performance | Monitor the performance of procurement operations. 10 reviewers of Pivot have provided feedback on this feature. | 97% (Based on 10 reviews) | |
Spend | Based on 10 Pivot reviews. Analyze procurement spending and identify future trends. | 93% (Based on 10 reviews) | |
Due Dates | Track invoices based on due dates to identify overdue payments | Not enough data | |
Benchmarking | Ability to compare AP automation metrics with other companies | Not enough data | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments | Not enough data | |
Due Dates | As reported in 10 Pivot reviews. Track invoices based on due dates to identify overdue payments | 93% (Based on 10 reviews) | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments | Not enough data | |
Payment Tracking | Track different types of payment such as deposits or partial payments | Not enough data | |
Visibility | Improve visibility into procurement activities across the company. | Not enough data | |
Performance | Monitor the performance of procurement operations | Not enough data | |
Spend | Analyze procurement spending and identify future trends. | Not enough data | |
Due Dates | Based on 10 Pivot reviews. Track invoices based on due dates to identify overdue payments | 98% (Based on 10 reviews) | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments | Not enough data |
Planning
Processes | Based on 15 Pivot reviews. Manage workflows and business processes for procurement. | 98% (Based on 15 reviews) | |
Requisition | Based on 12 Pivot reviews. Define requisition rules for various types of procurement. | 99% (Based on 12 reviews) | |
Processses | Manage workflows and business processes for procurement. 12 reviewers of Pivot have provided feedback on this feature. | 100% (Based on 12 reviews) | |
Contracts | Provide standard procurement contracts that can be customized. | Not enough data | |
Content | Based on 10 Pivot reviews. Maintain a repository of content such as catalogs and other documents. | 100% (Based on 10 reviews) |
Execution
Sourcing | Based on 11 Pivot reviews. Identify and assess suppliers for different products and services. | 91% (Based on 11 reviews) | |
Purchasing | Create and manage purchase orders for products and services. This feature was mentioned in 13 Pivot reviews. | 99% (Based on 13 reviews) | |
Invoicing | Include features for procurement invoicing and e-invoicing. 11 reviewers of Pivot have provided feedback on this feature. | 94% (Based on 11 reviews) | |
Purchasing | Electronically create and manage purchase orders for products and services. 10 reviewers of Pivot have provided feedback on this feature. | 100% (Based on 10 reviews) | |
Invoicing | Based on 10 Pivot reviews. Include features for procurement invoicing and e-invoicing. | 100% (Based on 10 reviews) |
Invoice Management
Capture | Provide features to capture invoices such as import or scanning | Not enough data | |
Supplier Portal | Allow suppliers to submit invoices using an online portal | Not enough data | |
Repository | Deliver a central repository of AP documents, such as POs and invoices | Not enough data | |
Capture | Provide features to capture and record invoices, such as import or scanning This feature was mentioned in 10 Pivot reviews. | 100% (Based on 10 reviews) | |
Supplier Portal | As reported in 10 Pivot reviews. Allow suppliers to submit invoices using an online portal | 97% (Based on 10 reviews) | |
Repository | Deliver a central repository of AP documents, such as POs and invoices 12 reviewers of Pivot have provided feedback on this feature. | 97% (Based on 12 reviews) |
Invoice Processing
Matching | Ability to match AP invoices to POs, contracts, or payments | Not enough data | |
Payments | Identify incomplete or late supplier payments | Not enough data | |
Workflows | Include workflows for approvals and invoice processing | Not enough data | |
Tax Compliance | Comply with local and global tax regulations for collections | Not enough data | |
Approvals | Based on 11 Pivot reviews. Include workflows for approvals of invoices or payments | 100% (Based on 11 reviews) | |
Batch Processing | As reported in 10 Pivot reviews. Process multiple invoices without human intervention | 87% (Based on 10 reviews) | |
Consolidation | Allow users to consolidate multiple invoices into one | Not enough data | |
Match Invoices | Match invoices with purchases and sales orders, as well as with payments | Not enough data | |
Matching | Ability to match AP invoices to POs, contracts, or payments 10 reviewers of Pivot have provided feedback on this feature. | 100% (Based on 10 reviews) | |
Payments | Identify incomplete or late supplier payments | Not enough data | |
Workflows | Include workflows for approvals and invoice processing This feature was mentioned in 11 Pivot reviews. | 97% (Based on 11 reviews) | |
Tax Compliance | Comply with local and global tax regulations for collections | Not enough data | |
Submittal | Electronically submit invoices to buyers | Not enough data |
Integration
Accounting | Provide integration with accounting and financial management software | Not enough data | |
Payment Integration | Integrate with payment gateways and enterprise payments software | Not enough data | |
ERP | Deliver integrations with accounting modules of ERP systems | Not enough data | |
Accounting | Provide integration with accounting and financial management software 10 reviewers of Pivot have provided feedback on this feature. | 93% (Based on 10 reviews) | |
Payments | Integrate with payment gateways and enterprise payments software 10 reviewers of Pivot have provided feedback on this feature. | 92% (Based on 10 reviews) | |
ERP | As reported in 12 Pivot reviews. Deliver integrations with accounting modules of ERP systems | 93% (Based on 12 reviews) | |
Account Sync | Sync with company accounts to transfer payments for approved invoices | Not enough data | |
ERP | Deliver integrations with accounting modules of ERP systems This feature was mentioned in 11 Pivot reviews. | 95% (Based on 11 reviews) | |
Procurement | Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management | Not enough data |
Invoice Generation
Digital Invoices | Ability to convert invoices to digital formats such as PDF 10 reviewers of Pivot have provided feedback on this feature. | 87% (Based on 10 reviews) | |
Recurring Invoices | As reported in 10 Pivot reviews. Automatically generates invoices at pre-defined time intervals | 85% (Based on 10 reviews) |
Management
Approval | Use criteria to add or remove suppliers to/from approved lists. | Not enough data | |
Communication | Manage communications with suppliers on multiple channels such as phone or email. | Not enough data | |
Documents | Capture and maintain documents related to suppliers and their products or services. 11 reviewers of Pivot have provided feedback on this feature. | 98% (Based on 11 reviews) | |
Receipt of Goods | Compare goods received with purchase orders and document variations This feature was mentioned in 11 Pivot reviews. | 97% (Based on 11 reviews) |
Supplier Management
Evaluation | Allows users to evaluate supplier performance using standard and custom KPIs. | Not enough data | |
Selection | Provide features to compare suppliers and choose the best option for various activities. | Not enough data | |
Risk Management | Identify potential issues and how they may impact relationships with suppliers. | Not enough data |
Supplier Information
Profiles | Create and manage supplier profiles that include contact and pricing information. | Not enough data | |
Qualifications | Identify the services and products provided by suppliers, as well as certifications. | Not enough data | |
History | Track history of all interactions and business transactions with suppliers. | Not enough data |
Risk
Analysis | Reduces future risks through root cause analysis and process improvement | Not enough data | |
Scoring | Scores suppliers and employees based on risk factors | Not enough data |
Audit
Filters | Includes a library of audit-tested filters to identify AP outliers that are outside company policy | Not enough data | |
Post Audits | Conducts a post-audit analysis of large volumes of data to identify historical payment errors and automatically generate claims | Not enough data |
Fraud
Vendor Checks | Enables automatic checks of new vendors being set up in the system to combat potential billing schemes | Not enough data | |
Data Generation | Generates comprehensive data needed to conduct a thorough investigation | Not enough data | |
Monitoring | Provides continuous, proactive fraud monitoring across multiple systems and data formats | Not enough data |
Risk Assessment
Content | Standard templates and content for assessment purposes such as NIST (National Institute of Standards and Technology). | Not enough data | |
Contracts | Ability to review supplier contracts and identify critical requirements or potential risks. | Not enough data | |
Scoring | Users can assign scores to suppliers based on the estimated risk of doing business with them. | Not enough data |
Risk Control
Reviews | Review vendor contracts and profiles to ensure compliance with regulation and internal policies. | Not enough data | |
Policies | Manage and enforce internal policies related to vendor risk management and controls. | Not enough data | |
Workflows | Provide workflows to mitigate risk and escalate issues proactively. | Not enough data |
Monitoring
Vendor Performance | Track vendor performance using supplier data such as a history of transactions and contracts. | Not enough data | |
Notifications | Send alerts and notifications when corrective actions are needed to address supplier risk. | Not enough data | |
Oversight | Perform ongoing due diligence activities to auto calculate overall risk for each vendor. | Not enough data |
Reporting
KPIs | Track vendor risk KPIs such as the time it takes vendors to respond to security incidents. | Not enough data | |
Templates | Include reporting templates for activities such as audits and vendor evaluation. | Not enough data | |
Centralized Data | Consolidate data from multiple systems that manage supplier information. | Not enough data |
Supplier Marketplace
Library | Provides a centralized library containing product data. | Not enough data | |
Categorization | Enables users to assign custom categories to products. | Not enough data | |
Data Management | Creates and manages product catalogs. | Not enough data |
Contract Management
Compliance | Assists with maintaining compliance with controlled processes, automated tracking, and audit trails. | Not enough data | |
Revenue | Identifies revenue opportunities by providing better visibility into spend data, improving supplier relationships, streamlining procurement processes, and identifying cost savings opportunities | Not enough data | |
Negotiations | Provides organizations with the tools and data they need to negotiate contracts more effectively, such as data analysis, collaboration, and contract management. | Not enough data |
Data Collection
Spend | Increases spend visibility into pricing and unintended or excessive use of discounts or promotions by customers. | Not enough data | |
Compliance Reports | Identifies noncompliant spending, fraud, and other activity outside of company policy. | Not enough data | |
Savings | Analyzes spending patterns and identifies areas to reduce costs. | Not enough data |
Project Management
Dashboard | Provides a dashboard for searching and reporting on contracts and projects. | Not enough data | |
Lifecycle | Manages the entire contract lifecycle process by providing visibility into projects and allocating resources across sourcing initiatives. | Not enough data |
Purchase Requisition and Approval Workflow - Procurement Orchestration
Notifcations | Notifies users of pending approvals with alerts and notifications | Not enough data | |
Workflows | Allows for predefined approval workflows based on roles, departments, or spending limits | Not enough data | |
Purchase Orders | Automates the creation, submission, and approval of purchase requisitions | Not enough data |
Supplier Management - Procurement Orchestration
Tracking | Monitors supplier compliance to guidelines and standards while also managing risks | Not enough data | |
Onboarding | Provides tools for suppllier onboarding and assessing their performance | Not enough data | |
Database | Maintains a repository for storing and organizing supplier details | Not enough data |
Spend Management - Procurement Orchestration
Analysis | Uses tools for examining expenditures and generation reports to identify trends | Not enough data | |
Visibility | Provides real-time insight into procurement costs within categories, departments or projects | Not enough data |
Compliance and Risk Management - Procurement Orchestration
Risk Assessment | Uses risk assessment tools for identifying potential supplier or contract risks | Not enough data | |
Compliance | Automates the enforcement of procurement policies, regulatory requirements, and compliance checks | Not enough data | |
Audits | Creates audit trails and reporting for transparency and accountability | Not enough data |
Workflow Automation - Procurement Orchestration
Routing | Provides onditional routing for purchase approvals, contract reviews, and supplier selection | Not enough data | |
Configuration | Allows for flexible workflow configurations to suit specific business needs | Not enough data | |
Approvals | Adjusts approval processes based on project, department, or spending thresholds | Not enough data |
