The Invoice Hub - Fully Managed Service AP Solution
100% Electronic Purchase Invoices into your ERP/Finance system from day one - irrespective of how your suppliers send the invoices
The Invoice Hub is a solution to eradicate costly, error prone Accounts Payable (AP) processes such as document handling and manual invoice entry, transforming these traditional starting points of AP by providing 100% electronic invoice information from day one, irrespective of how your supplier sends the purchase invoices – Paper, PDF, Email, XML or EDI, all seamlessly integrated into your current Finance, ERP or procurement solution. No one format can address every scenario within a diverse supplier base and in recognition of this fact, The Invoice Hub gives your organisation the ability to drive process efficiency by introducing a flexible approach to receiving purchase invoices.
The Invoice Hub will: -
- Setup a dedicated PO box for the direct receipt of purchase invoices from suppliers
- Open, prepare and scan the paper purchase invoices
- Provide a capability to capture PDF, XML and EDI purchase invoices
- Provide meaningful invoice information that has been extracted and cleansed for accuracy across all invoice types
- Highlight any invoice exceptions and provide a structured exception process
- Seamlessly integrate the solution with your existing finance/ERP/procurement solution
If you prefer the idea of still receiving your purchase invoices directly from the supplier yourself, then The Invoice Hub can implement a hybrid model whereby you can scan the documents, The Invoice Hub will then still undertake exactly the same process as above, providing you with access to the electronic image with cleansed, meaningful invoice information in your existing finance/ERP/procurement solution.
The Invoice Hub can also engage with you and your suppliers to provide a structured framework for transforming the receipt of your purchase invoices away from paper and towards electronic invoicing.
With the Invoice Hub removing inefficient and costly steps from your process, your Accounts Payable function benefits from a new starting point – “process ready”, accurate invoice information awaiting invoice approval or to be automatically progressed to invoice matching, in turn driving straight through processing.
