It is very easy to underestimate the costs attached to processing paper invoices. The capturing, quality checking and circulating of paper invoices is a time consuming and laborious process. Invoice queries then load on more cost in time and retrievals.
eInvoicing enables the organisation to automate their invoice processing, automatically checking against the purchase order ensuring that it fully satisfies all criteria specified by the purchaser before being released to accounts payable.
eInvoicing benefits both buyers and suppliers with:
- Reduced costs of invoice processing
- Improved cash management
- Reduced errors
- Better buyer/supplier relationships
- Improved compliance
- Reduced fraud, duplicates and late payment fees
catalog360 supports all of the leading eInvoicing techologies including cXML, EDI document handling X12, EDIFACT and PEPPOL.