Marcura has launched Procure-to-Pay, a workflow connecting maritime procurement, supplier onboarding, invoice processing, compliance checks and payment.
The platform combines Marcura’s managed accounts-payable capabilities, AI platform and regulated payments business MarTrust with ShipServ’s procurement network. Marcura acquired ShipServ in 2023.
Procure-to-Pay provides a shared supplier profile with bank verification and sanctions screening, with suppliers rechecked daily while active. Its invoice processing includes automated data extraction, four-way matching against purchase orders, delivery notes and goods receipts, and anomaly detection.
A single approval chain covers operations, procurement and finance, while payments can be made in approximately 130 currencies. Each stage from purchase order to settled invoice is timestamped and recorded for audit purposes.
Payments are provided by MarTrust Corporation, an electronic money institution regulated by the UK Financial Conduct Authority. Marcura said 99% of payments succeed on the first attempt.
