Buyer Benefits
E-invoicing enables Buyers to save up to 75% per invoice on processing costs, eliminate overpayment errors and benefit from cash discounts.
General Benefits
- No manual data entry
- E-invoices are delivered instantly and can be viewed, downloaded and imported into a finance system if required. This eliminates the time consuming task of re-keying data and eradicates manual errors.
- One-stop, real-time invoice access
- Each customer has secure, personalised access to all invoices online. Users can easily navigate their way around larger invoices and search functions allow rapid access to current and archived invoices.
- Faster dispute process
- An online dispute process is a welcome replacement for lengthy telephone calls. Customers are able to log a query against any line item, in any invoice. They can also attach documents, such as a purchase order, to support their query.
- One, consistent view of all invoices
- Supplier portals are company-branded and provide customers with one-view of all invoices and other documents. EIPP systems enable suppliers to collate information from disparate IT systems and present them in a uniform way.
- Releasing Working Capital
- Electronic Payments Association, estimate that Days Sales Outstanding can be reduced by 4 days in the year following EIPP implementation.
What Buyers Using Accountis Say:
- "By automating our AP function with Accountis we have been able to streamline the purchase-to-pay process and improve our service to suppliers, which can only result in better working relationships." NWW Wales NHS Trust Read Case Study
Cost Benefits
- Reduced Direct Costs
- Forrester Research reports that companies have been able to cut accounts payable headcount by 20% following EIPP implementation.
- Reduced Processing Costs
- Accounts Payable departments have reported processing cost savings of 50-75% following EIPP implementation.
- Utilising Cash Discounts
- Forrester Research reports that newly found cash discounts can run as high as 5% of the total spent in the year following EIPP implementation.
- Eliminating Overbilling and Invoice Errors
- Forrester Research reports that overbilling errors, which previously amounted to 1% to 5% of contract spend, can be eliminated by EIPP systems with business rule functionality.
Download our Cost Benefits datasheet for further analysis
