Inefficiencies, inaccuracies, and delays in invoice approvals and processing are concerns for many companies’ finance managers. To-Increase Invoice Workflow automates and simplifies the approval and management of invoices in deep integration with the ERP system. Many companies run disparate procurement and accounts payable processes, an expensive source of inefficiencies and errors that occur when it is not easy to connect purchase orders and vendor invoices.
The invoice management and processing in many organizations is burdened with productivity hurdles, especially when they receive some of their invoices on paper instead of electronically. To simplify their operations, some companies introduce greater centralization of accounts payable and invoice management, hoping for greater efficiency through scale. To-Increase Invoice Workflow offers an easily configured solution for managing invoice approvals and processing from right within the ERP system. Users gain a single tool to manage invoice approvals and processing.
Automated approval routings, reminders, and a web client in Invoice Workflow ensure timely invoice approval. Businesses that maintain multiple companies or other legal entities under a single corporate umbrella can benefit greatly from our software solutions. Accounts payable managers can easily split invoice lines among departments or legal entities, so they can get posted in different ledgers with distinct sets of dimensions, and each of them can be approved by the right person.
Want to take control of your Accounts Payable Process with true automation for fully touchless processing? Our solution will enable you to gain complete visibility, meet compliance with proper control and approval processes in place, and leverage mobility to enhance the speed of operations.
Shortly after the implementation of To-Increase Invoice Workflow we saw a month with our highest turnover ever, 80 percent more than budgeted. We had more invoices than ever before. Despite that, we had an unproblematic month end. It’s very impressive.
― Per Bjerring,
Group Operations Director,
Get up to three-way matching of invoices with PO, goods receipt or contract
Set variances for exceptions so that the authorizing person gets automatic notifications
Track price adjustments by creating a request based on the variations between receipt and PO
Benefit from industry benchmarks and best practices that we offer
Gain quick access to data, and AP reports to keep track of the status of payments due
Leverage the control you can get on the entire AP process