Expanding automation with Invoice Workflow Automation (IWA) delivers increased efficiency, optimized processes and increased revenue.View the whitepaper
Manual matching and approval processes drain resources, annoy suppliers, and cost you money.
COR360™ gives you intelligent three-way matching, workflow automation, and configurable invoice approval processes.
Invoice Processing – How it works
No matter how you receive your invoices, COR360 turns them into electronic data for automatic processing using two vital processes:
1. Automatic three-way matching
COR360 automatically matches each incoming invoice against the relevant PO and receipt of goods using an algorithm specifically designed by AP experts. If the invoice matches (within tolerances you specify and manage) COR360 passes it straight through to your finance system.
2. Automated approval routing
COR360 routes invoices based on your assigned “delegation of authority” rules written with account amounts, duplicates, or account numbers. The SmartRouting delivers immediate review and approval efficiencies.
Invoice Processing – The benefits
Most of all, you’ll be able to elevate your accounts payable department from the back office to a strategic asset.