Eliminate redundant manual entries and
accelerate your invoice processing and validation
with our e-invoicing solution
An increasing number of businesses of all sizes are shifting their accounts payable processes toward electronic invoicing (e-invoicing) solutions, thanks to the considerable cost savings, speed, and security that can be achieved. Corcentric’s e-invoicing solution reduces the time commitment, effort, and workload for your AP team
while helping it reach new levels of productivity, accuracy and efficiency.
Reduce or Eliminate Manual Labor
How much financial inefficiency and errors are created by slow, manual processes?
Improve Supplier Relationships
Are you damaging supplier loyalty without a process of predictable, on-time payments?
How much productivity is wasted dealing with exceptions and inbound calls?
Save Time + Money
Cost savings from e-invoicing are substantial. If you think that the same old paper invoices and manual processes are working out just fine for your company, think again: Best-in-class AP departments are realizing cost savings of up to 82% per invoice and have cut the time to process an invoice by more than 70%.
It is important to understand that an e-invoice is not a fax, email, or pdf. It’s a fully digital electronic document from the time it’s created straight through to its approval and entry into the company’s ERP or AP system. It’s easy to handle and more secure than paper invoices. E-invoices are submitted via EDI, XML, or via a file from a supplier’s billing system. And that can translate into significant savings.
If your suppliers still want to submit paper invoices, that’s no problem. We can capture and convert paper to 100 percent electronic invoices at our Invoice Virtualization Center, whether they are submitted via PDF, web, fax, email, or snail mail. Using invoice scanning and double blind keying technology, we extract 99.95% accurate, standardized information from invoices and convert them to true electronic invoices.
Our e-invoicing solution:
It’s your process, only better.
Save money without sacrificing key details and processes. Processing invoices manually wastes valuable time that your team can use to better serve your company’s strategic needs. But giving up manually handling invoices doesn’t mean you give up control.
- Our e-Invoicing Solution enables you to:
- Define the allowable parameters and thresholds for invoice conversion
- Ensure your invoices are within your internal parameters
- Generate audit trails quickly to reduce audit cycle time
- Ensure compliance with Sarbanes-Oxley and other tax regulations
- Configure your invoicing rules to fit your specific business’s needs, no matter the complexity
- Set a maximum freight charge before the invoice requires additional approval
- Enable your suppliers to raise prices on commodities based on market changes
- Archive all your invoices so documents can be retrieved with a click
Did you know?
lower exception rate is
experienced by Best-in-Class companies.
of Best-in-Class organizations are
more likely to use electronic invoicing.
is the average cost to
process a single invoice.