Is it time to think small?
Phone, mobile and email have long replaced letters and faxes as the medium of business communication – except when it comes to invoice processing – ironic when you think just how much more volume lies in this area. Postage, storage, manual entry and data rekeying not to mention lost documents and late payments are all linked to the manual invoice process and yet few organisations do anything about it, choosing instead to tie up their software investment in the next “big” project. At m-hance we’d like to challenge your thinking and encourage you to think small. We believe by making one small change you can make a big difference, in efficiency and cost savings.
Start with the easy 80%
By using our eInvoicing solution you could save up between 1-2% of your turnover simply by implementing the solution and optimising the associated processes. We work with you to review your current situation – typically 80% of your invoices will come from just 20% of your suppliers by identifying these and working with their processes we make adoption easy and beneficial for you both.
Benefits for the buyer
Reduce costs: Paper is removed from the process. Scanning, keying, storage, manual retrieval or destruction costs are removed from the process. eInvoices are delivered direct into GP, AX or Intellect providing an opportunity to automate the process and reduce operation costs still further.
Increase processing efficiency: eInvoicing is a foundation element for accounts payable automation. Time, effort and cost are reduced by leveraging technology to automate the traditional manual process.
Increase ability to pay on time: Real time data delivery, increasing the opportunities to pay on time.
Increased supplier discounts: Reducing the time to process an invoice increases the opportunities to take early settlement discounts.
Increase visibility and transparency: Online archive and reporting features ensure the invoice and the full audit trail history can be retrieved within a couple of clicks.
Improve controls: Validation and integrity checks embedded within the Cloud Invoice solution ensures processing compliance.
Reduce carbon footprint: Paper is removed from the business, which helps you and the planet!
Benefits for the supplier
Reduce costs: Removes the need to print an invoice, place in an envelope and post.
Real time data delivery: Real time data delivery ensures eInvoices are received within seconds of being sent, providing opportunities for automated and more efficient processing.
Get paid faster: Real time delivery of eInvoice data provides automation opportunities for your customer – which results in quicker processing and increases the chance for on time payment.
Reduce carbon footprint: Paper removed from the business which helps you and the planet.
Increase visibility & control: Guaranteed delivery with full audit trail and daily reports.
Enhance trading relationships: Buyers get significant benefit from electronic trading, which can't be bad for your trading relationships.
Get your personalised saving prediction
Don’t just take our word for it – calculate your won savings or contact us at email@example.com and we will be happy to take you through the calculations with no fee or obligation.