The time between invoices arriving and finally being paid often takes longer than a supplier allows for your company to benefit from early payment discounts. Invoice copies go through many hands before finally being approved for payment. Verification gets bogged down because of missing information from a purchase order or packing slip. Long lag and processing times are the norm. Often the current approval status is unknown. Questions from suppliers lead to long searches and copying. The criss-crossing of originals and copies help to complicate the situation further.
The DocuWare document pool is standing ready, with all of the information needed. This well-structured system lets processes move smoothly, transparently – early payment discounts are now well within reach! The process time is significantly shorter; worries about managing original documents and multiple copies are eliminated.
Employees handling accounts payable also have more time for their core tasks by eliminating the time involved in searching for documents. Your company profits by reducing the overall costs generated from the invoice verification process. Better payment terms extended by a supplier, as well as leveraging contract details, are clear advantages provided by integrating DocuWare. Late fees and duplicate payments are all just money wasters of the past.