Centralized Control with Automated Efficiency
Challenged with a broad base of locations and employees, enterprise companies need to reduce cost and delays associated with paper processing while maintaining centralized control. While many are already utilizing EDI for much of the transaction volume, there can still be difficulty reaching smaller suppliers and those suppliers that require more attention in the invoice processing.
By implementing a higher level of automation, your company can experience significant savings every year. Invoice Search and Workflow enable the thousands of employees who need to see their invoice information while maintaining business rules and controls centrally. This includes unlimited users on your end, from accounts payable to purchasing and higher-level approvers, and suppliers.
By giving suppliers greater visibility into their invoices through a supplier portal, the invoicing process is expedited. Suppliers can only submit invoices that contain all information required by your guidelines, and they receive real-time notifications of any disputes or issues that your team may flag on an invoice. With this real-time communication with you and your suppliers, you maintain greater centralized control, while also being able to process invoices faster.
In addition to processing invoices faster, centralized control with a high level of automated efficiency leads to greater savings. For some customers, cost reduction per invoice has been quantified at over $3.00 in savings per electronic invoice that is processed through higher levels of automation.
If you’re interested in how you can have greater centralized control though a higher level of automation, feel free to reach out. We’re happy to help.