The DocVue e-invoicing solution is a fully automated invoice processing solution that delivers efficient, cost-effective, and timely processing of AP transactions. Leveraging electronic document capture, best-practice workflows, repository management and unparalleled ERP system integration, DocVue e-invoicing enables organizations to:
With DocVue e-invoicing, your organization gains visibility to the end-to-end procure to pay process. The integrated Cortex Trading Partner Network, enables Suppliers to easily submit their invoices and related work tickets. The invoice data is extracted and the invoice and related documents are automatically launched on the appropriate workflow for approval. The advanced features of the system eliminate duplicate payments and manual tasks such as data entry and scanning. Real time updating between DocVue and your Accounting system provide current status updates to both you and your suppliers.
AP employee productivity is dramatically increased, enabling AP departments to scale without adding people or reassigning resources. Cash management is maximized as each invoice is closely managed from receipt through payment and business rules make appropriate tradeoffs between payment timing, potential discounts and late payment penalties. This automation reduces costs while ensuring supplier satisfaction. The integration between the DocVue e-invoicing solution and the ERP payables system means that all pertinent data is entered one time only, translating into a lower cost of ownership.
Web enabled self service access to payment status information and the actual invoice is provided to both the line of business managers and suppliers, reducing costly inquiries into AP. Online access to all associated AP information greatly reduces the time, complexity, and cost of audits.
Benefits of DocVue e-invoicing
• Reduce Cycle Times
• Eliminate Lost or Misfiled Documents
• Reduce Document Transport and Storage Costs
• Improve Productivity
• View Audit History Trails
• Reduce or Eliminate Fines
• Increase Control and Visibility
• Reduce Costs for Disaster Recovery.
• Reduce Process Errors
• Lower Cost of Compliance