E-INVOICING (ELECTRONIC INVOICING) SOFTWARE SOLUTIONS Hassle-free, paperless invoicing from day 1 Book A Demo Source-to-Pay Solutions Accounts Payable (AP) Automation E-Invoicing Software Automate redundant manual entries and accelerate your invoice processing and validation with our e-invoicing solution An increasing number of businesses of all sizes are shifting their accounts payable processes toward electronic invoicing (e-invoicing) solutions, thanks to the considerable cost savings, speed, and security that can be achieved. Corcentric’s e-invoicing solution reduces the time commitment, effort, and workload for your AP team while helping it reach new levels of productivity, accuracy and efficiency. Reduce or Eliminate Manual Labor Increase financial efficiency and streamline slow manual processes. Improve Supplier Relationships Increase supplier loyalty by shoring up your invoicing process for on-time payments. Improve Productivity Eliminate exceptions and inbound calls by improving invoicing workflows. TRUSTED BY THOUSANDS OF LEADING COMPANIES See our Customer Stories Save Time + Money Cost savings from e-invoicing are substantial. If you think that the same old paper invoices and manual processes are working out just fine for your company, think again: Best-in-class AP departments are realizing cost savings of up to 82% per invoice and have cut the time to process an invoice by more than 70% by leveraging accounts payable automation solutions. Go Paperless It is important to understand that an e-invoice is not a fax, email, or pdf. It’s a fully digital electronic document from the time it’s created straight through to its approval and entry into the company’s ERP or AP system. It’s easy to handle and more secure than paper invoices. E-invoices are submitted via EDI, XML, or via a file from a supplier’s billing system in real-time. And that can translate into significant savings. Improve Agility If your suppliers still want to submit paper invoices, that’s no problem. We can capture and convert paper to 100 percent electronic invoices at our Invoice Virtualization Center, whether they are submitted via PDF, web, fax, email, or snail mail. Using invoice scanning and double blind keying technology, we extract 99.95% accurate, standardized invoice data and convert them to a true electronic format. Transform Your AP Efficiency with e-Invoicing Get the Datasheet Our e-invoicing solution improves your business Save money without sacrificing key details and processes. Processing invoices manually wastes valuable time that your team can use to better serve your company’s strategic needs. But giving up manually handling invoices doesn’t mean you give up control. E-invoicing software enables you to: Define the allowable parameters and thresholds for invoice conversion Ensure your invoices are within your internal parameters Generate audit trails quickly to reduce audit cycle time Ensure compliance with Sarbanes-Oxley and other tax regulations Configure your invoicing rules to fit your specific business’s needs, no matter the complexity Set a maximum freight charge before the invoice requires additional approval Enable your suppliers to raise prices on commodities based on market changes Archive all your invoices so documents can be retrieved with a click E-invoicing software by the numbers 57% lower exception rate is experienced by Best-in-Class companies. 92% of Best-in-Class organizations are more likely to use electronic invoicing. $10.08 is the average cost to process a single invoice. SOURCE: 2020 ARDENT PARTNERS AP METRICS THAT MATTER e-Invoicing Solution FAQs What is e-Invoicing? Which manual processes does e-invoicing eliminate? How do I create an electronic invoice? Will my suppliers have to comply with e-invoicing? Is Corcentric’s e-invoicing software compatible with all invoice formats? How will e-invoicing simplify invoice management? Do you have any resources (reports, case studies, white papers, or podcasts) with more e-invoicing information? Streamline and accelerate your entire invoicing process Book A Demo Related e-Invoicing Resources WHITE PAPER Converting Your Customers to e-Invoicing This guide sets out the steps we take and how we make the switch to e-invoicing a compelling proposition for the vast majority of users. Get the Guide WHITE PAPER Simplifying e-Invoicing and Electronic Document Distribution How Corcentric EIPP can help businesses quickly and easily deploy, manage and maintain class-leading e-invoicing and electronic document distribution. Taking the leap has never been easier. Get the eBook WHITE PAPER Sign Here: The Value of Digital Signatures We explore what digital signatures are, the benefits they offer and how to implement them in your document processes. Get the White Paper View All Resources Corcentric helps more than 2,300 companies enhance cash flow quickly through an unmatched combination of software, advisory services, and payments that transform how companies purchase, pay, and get paid. (800) 608-0809 200 Lake Drive East Suite 200 Cherry Hill, NJ 08002 support@corcentric.com More Locations Contact Us CORCENTRIC PLATFORM Source-to-Contract − Sourcing − Supplier Management −− Supplier Information −− Supplier Performance − Contract Management Procure-to-Pay − Procurement − Invoice Management − Financial Management − Payments + Financing Analytics − Spend Analytics Core Framework − Enterprise Integration AP AUTOMATION Electronic Purchase Order Approval Workflow − Receiving E-Invoices − Invoice Approval Routing − Three-Way Match E-Invoicing STRATEGIC ADVISORY Strategic Sourcing Category Management Cost Reduction Procurement Transformation MANAGED SERVICES Procurement Services Help Desk Services ORDER-TO-CASH Managed AR − Supply Chain Finance − Centralized Billing EIPP − EDI − Document Distribution − Sending e-Invoices − Online Payments − Managed Postal Invoicing AR Automation INDIRECT GPO FLEET SOLUTIONS Fleet Procurement/GPO − Construction/Agriculture − Material Handling Fleet Financing Fleet Analytics Fleet Suppliers Fleet Remarketing RESOURCES Blog Case Studies Datasheets Podcasts Reports Videos Webinars White Papers COMPANY Our Story − AmeriQuest − Determine − Netsend − Source One Awards