Invoice Management
Management information is empowering!
If you have a complete ‘view’ of the whole Accounts Payable (AP) process – through a streamlined and automated end-to-end invoice management system – you gain control over all processes and financial implications.
Comprehensive management information is easily and quickly available for decision making, for full audit and reporting purposes, as well as for ‘what-if’ scenario planning.
You can automatically consolidate and reconcile orders, invoices, payments, and related documents to help manage allocations, cashflow, payments etc.
Paper based processes take up a lot of time and resource – manually inputting invoice content, matching and validating invoices with purchase orders, handling supplier inquiries, and dealing with exceptions.
Escalating discrepancies up to a higher level for a decision on an exception carries a further cost – senior management can consume a lot of time dealing with mundane invoice queries, when they could be getting on with their primary responsibilities.
Can you quickly answer these frequently asked questions?
- How many invoices are outstanding?
- How much money do we owe?
- Where in the system are the exceptions and how many?
- Who are the problematic suppliers?
Benefits:
- Easy financial reporting and tracking
- Minimises mistakes which management then have to sort out!
- Automatic invoice matching and validation so only accurate invoices get accrued
- Pay suppliers on time and avoid any late payment penalties - better supplier relationships
- Avoid any month end deadlines – no need to worry about the peaks and troughs – as everything runs smoothly
- Less stress and staff turnover
More Information
For information on any of our solutions or products, please call us on 01962 835053 or email sales@processflows.co.uk.
