Increase the speed and accuracy of invoice processing with AP automation
By removing paper invoices and replacing them with e-invoices, eliminate the need to scan and re-key supplier invoices into your ERP system, reducing both costly errors and the time it takes to process supplier invoices.
The core functionality provided by EDI and e-invoicing solutions enables the electronic exchange and management of invoices. However, with many e-invoicing systems this basic activity can be complicated to use unless you have some technical knowledge. The TrueCommerce solution ensures that organisations can successfully carry out these fundamental e-invoicing tasks without the need for extra technical know-how, with a simple and clean user interface that is easy to use.
Reduce invoice queries with e-invoice validation
Save both time and money with rule-based validation which automatically rejects invoices that do not meet agreed requirements before they are sent to you, removing the need for manual intervention. Alerting suppliers of these issues at the point of submission reduces unnecessary payment delays, improving supplier relations.
Increase efficiency with automated e-invoice matching
Increase invoice-match rates and remove the need for the costly and time-consuming manual review of invoices with automated invoice matching against purchase orders, shipments and receipts.
Reduce the number of invoice queries your AP team receive
Provide suppliers with information regarding the status of their invoices via the TrueCommerce web portal, reducing the number of invoice queries your AP team receive that can be a huge drain on what is often a limited resource.
Redeploy your AP team to more value added tasks
Utilise your resources more efficiently by redeploying your AP team from manually processing supplier invoices and responding to invoice queries to more value added tasks.
Comply with legal and tax requirements
With invoice storage and archiving functionality, including full search and retrieval capabilities and the storage of both the original electronic message and a PDF copy, the TrueCommerce e-invoicing solution supports the electronic invoicing legislative and tax requirements for 40+ countries. The solution also interfaces to BACS payment services.
Monitor supplier performance with dashboards and analytics
Our e-invoicing solution includes an analytics dashboard which provides summaries regarding suppliers’ performance, including invoice error analysis, allowing you to identify suppliers that are underperforming.
CUSTOMER CASE STUDY
“The TrueCommerce solution will enable Screwfix and its suppliers to have a common view of the full purchase order to invoice cycle. In addition to enabling the real-time exchange of critical business documents, visibility across multiple suppliers will help Screwfix to improve product availability, reduce excess inventory and improve invoice-matching rates, thus increasing overall supply chain performance and flexibility”
Head of Supply Chain