The advantages associated with electronic invoicing

E-invoicing, or electronic invoicing, streamlines invoice management and simplifies how invoice and compliance documents work together.

By digitising invoice data and matching it against contracts, purchase orders, service entry sheets, and goods receipts, e-invoicing reduces the risk of invoice errors and exceptions. When e-invoices are transmitted over a digital business network, and programmed with related document data and business rules, they can be validated automatically before posting for payment. And because digital information is more easily viewed across systems than paper sitting on someone’s desk, e-invoicing makes it easier to:

• Manage cumbersome compliance tasks from a dashboard
• Facilitate collaboration within the organisation and among trading partners
• Maximise early-payment discounts and optimise working capital
• Reduce the risk of overpayment and fraud
• Improve cash flow for suppliers with more timely payment

Digitise and automate e-invoice processing

When invoices are digitised and transactions take place over a digital business network, accounts payable resources can be freed up to focus on more strategic activities that further streamline and simplify processes. Processing PDF invoices, non-PO invoices, and invoices for complex services can become automated and contactless. And through the application of business rules, compliance with purchasing policies and contracts, as well as greater opportunity to capture early-payment discounts, become value-adds with electronic invoice processing that lower costs and improve productivity.

Go paperless. Go digital.

Free your Accounts Payable staff from manual processing with a touchless, digitalised e-invoicing process and empower them to focus on more strategic activities.

• Reduce costs and improve cash management to secure more early payment discounts
• Manage complex services and non-PO invoices more efficiently and effectively
• Strengthen compliance with contracts, company policies, and global e-invoicing regulations
• Configure workflows to address specific requirements
• Enable faster, more accurate processing
• Provide web-based access to invoice status and cash flow forecasting