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iPayables’ accounts payable automation fits your electronic invoice payment processing needs. Whether you want us to simply provide approved electronic invoices to be paid by your ERP or payables systems, or if you need complete management; we simplify the payment processing system.
iPayables offers the widest range of payment options of any EIPP provider including:
Because our online invoice automation platform allows for incredibly fast approval times, discount management tools provide administrators more control in the accounts payable process than ever before. In real-time, you’ll always know which users are approving discount invoices and you’ll be warned if you are at risk of losing any discounts.
iPayables’ automated invoice processing is revolutionizing the rules of payment terms. With early-pay discounts through electronic payment processing, a customer determines the appropriate cost of capital and it is applied to the price of the discount. Online payment processing allows the supplier to simply select the date they want to be paid. Then, advanced algorithms in real-time determine the appropriate discount for that supplier and the selected date. The supplier agrees to the discount and can look forward to being paid in a way that best meets their schedule.
If for any reason the invoice is not approved by the selected date, the discount is automatically recalculated and the supplier pays less of a discount. If the original due date passes then no discount will be applied. The customer always gets what they have determined is the appropriate cost of capital and the supplier always knows that they are getting a fair deal. Better discounts for you and the customer, more flexible cash management for your suppliers, and a stronger business relationship overall.
What does it cost? By switching to electronic invoicing with iPayables, invoicing costs are greatly reduced to around only $1- 3 per invoice. For an exact price quote based on your organizational needs, please contact us today.
How much will I save by switching to iPayables?Probably a bunch! A recent study suggested that most organizations pay anywhere from $3 – 13 per invoice for traditional paper invoicing. With electronic invoicing with iPayables, your invoicing cost can be reduced to $1- 3 per invoice. With the larger organizations processing tens of thousand of invoices per month, the potential savings per year can sometime be hundreds of thousands of dollars!
What does it cost my suppliers?Nothing! Unlike our competitors, iPayables offers free vendor, or supplier, adoption. In fact, we will work with your suppliers to ensure a seamless transition to paperless invoicing with iPayables. With iPayables you also have the opportunity to offer you suppliers dynamic discounts for early payment.
