Electronic Invoice Management
Invoice processing represents a huge cost for many enterprises. Accounts payable teams spend hundreds of hours re-keying, processing, marketing and archiving paper-based invoices.
But it's possible to achieve enormous savings in this area by automating the process. In fact, one of our clients expects to save £500,000 per year through Electronic Invoice Management with EGS.
We can help with the end-to-end invoicing process:
- Presentment: We'll accept your suppliers' invoices across a range of formats and then add them seamlessly to your finance system in the format it uses - ready for validation.
- Three-way matching: Our solution automatically matches the invoice number and price against your original purchase order (and goods receipt).
- Workflow: We'll direct invoices around your organisation to the correct people for authorisation or to check anomalies.
KEY FEATURES & BENEFITS
- Significant savings: You can make major cashable and non-cashable savings and free up your valuable staff to more value-added activities
- Greater accuracy: With no re-keying necessary, accuracy is improved and less time is spent resolving anomalies
- Full visibility: You can follow the process status of invoices throughout the transaction lifecycle
- Better supplier relationships: Suppliers get paid more quickly and they can use the system to check invoices themselves - saving them (and you) from having to answer their email/phone enquiries
RELATED SOLUTIONS
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