Invoice Verification & matching
When looking at these sequential steps, companies spend a lot of time matching invoice data to the original purchase order (PO) or contract (invoice verification), and acquiring approval (invoice approval). It’s in these areas that technology can increase efficiency and offer the greatest cost savings.
Wemasoft Enterprise Accounts Payables System (AP) optimizes the process of capturing, verifying, and getting approval with intelligent capture, and electronic workflow capabilities — helping your company save vital time and costs while improving supplier relationships.
There are different ways suppliers submit invoice:
On the Supplier Portal
manually submit a hand copy invoice
Benefits of the Accounts Payable (AP) / Creditors System
Delivers spend visibility from start to finish.
Eliminate Human Error
Eliminates human intervention via transferring capturing of invoices to suppliers, and the system verifies against Purchase Order or Contract before submission.
Adherence To Contract Limits
The systems checks contract limit, as well as deliverables before approval hence making payments as per contract in place.
Provides customised ERP-independent workflow.