doForms’ Post

82% of businesses face cash flow issues due to delayed AP processes, and automation can cut invoice processing time by up to 73%! Attention Retailers- it’s time to revolutionize your accounts payable operations! Check out our latest blog: "Best Practices for Accounts Payable in the Retail Industry" and learn how advanced automation solutions like iKapture can streamline your workflows, boost efficiency, and strengthen supplier relationships. Don’t let outdated processes hold you back—stay competitive in the fast-paced retail world. Read the blog now - https://lnkd.in/dYAK7qZF #retail #accountspayable #automation #iKapture #apautomation #retailindustry

82% of businesses face cash flow issues due to delayed AP processes, and automation can cut invoice processing time by up to 73%! Attention Retailers- it’s time to revolutionize your accounts payable operations! Check out our latest blog: "Best Practices for Accounts Payable in the Retail Industry" and learn how advanced automation solutions like iKapture can streamline your workflows, boost efficiency, and strengthen supplier relationships. Don’t let outdated processes hold you back—stay competitive in the fast-paced retail world. 📖 Read the blog now 👉 https://lnkd.in/dYAK7qZF #retail #accountspayable #automation #iKapture #apautomation #retailindustry

📄 Understanding 1-Way, 2-Way, and 3-Way Invoice Matching: Key Processes and Requirements. Efficient invoice matching is crucial for streamlined accounts payable and compliance with organizational policies. Here’s a quick breakdown of 1-way, 2-way, and 3-way matching, including approval requirements and worktags/projects: 1-Way Matching 👉 What is it? Invoice matched against itself, no purchase order (PO) required. 👉 Use Case: Non-PO invoices like utility bills, subscriptions, or miscellaneous services. 👉 Approval/Requirement: Requires direct approval and proper allocation to worktags or project codes. 👉 Benefit: Simplifies payments for straightforward transactions without POs or goods receipts. 2-Way Matching 👉 What is it? Invoice matched against the purchase order (PO). 👉 Use Case: Purchases where service/goods, description, quantity and pricing etc. must align with the PO details. 👉 Approval/Requirement: Requires PO approvals, with allocation to specific projects or cost centers. 👉 Benefit: Ensures accuracy in pricing and quantity while linking expenses to approved POs. 3-Way Matching 👉 What is it? Invoice matched against the PO and goods receipt (GR). 👉 Use Case: Goods or services requiring verification that items were received. 👉 Approval/Requirement: Involves approvals for POs, verification of receipts, and tagging worktags/projects. 👉 Benefit: Adds robust verification, ensuring items and services align with purchase and receipt records. By aligning invoice processing with approval workflows, worktags, and project allocations, businesses can improve accuracy, reduce errors, and ensure compliance with financial policies. 💼✨ #Accountspayable #AP #P2P #Invoices #Knowledgesharing #acuityknowledgepartners

Are you ready to transform your manual invoicing process? Our latest blog post dives into the advantages of electronic invoicing and how it can revolutionize the way suppliers handle their B2B transactions. In our new post, we explore: ✅How e-Invoicing Works ✅cXML Vs. EDI Invoicing ✅The Benefits of e-Invoicing for Suppliers ✅Steps for Integrating Electronic Invoicing Successfully Discover how to leverage this innovative solution to enhance your business operations, reduce costs, and align with your customers' needs. Read our full blog post: https://lnkd.in/ek6Pj2nz #punchout #procurement #cXML #EDI #electronicinvoicing #suppliers

Ever wondered about the difference between digital invoices and E-invoices? Learn how automating your invoice processes can streamline AP workflows, supplier invoicing, global payments, and real-time reconciliation 👇

Some thoughts on "Substance"... In 1999 I was hired to join a team of absolute rockstars in Switzerland who didn't make music (great because I don't play an instrument) but who designed the first EBPP (that's short for Electronic Bill Presentment and Payment) platform fully endorsed by the Swiss tax administration. As a technical writer, my task was to make sense of the thousands of pages of specifications my highly intelligent colleagues had produced by that time. Structure was needed to summarize the essence of this highly innovative piece of software into something the market audience would understand. Yet, after all the hard work that went into the software, actual deployment turned out to be harder than we thought. It became clear that developing software a tax administration would accept wouldn't necessarily mean that the businesses would accept it in the same way. Quite the contrary. Or, as a representative from a large accounting software business put it, "you really don't know how a business processes invoices, right?" Fast forward to today, this is what differentiates Basware from other market companions. After 40 years in the market of document #digitization and #finance optimization, we have a very deep understanding for how our customers work and process information and documents. Our #platformasaservice has been developed so that customers can trade in confidence while Basware manages the technical complexities. This is one reason why we might not shout the loudest when it comes to #einvoicing #mandates. We simply do it! For us, compliance is binary. There is no grey area. We don't want to instill fear in our clients when it comes to new legislation being passed. Our #complianceasaservice offering covers such inevitable developments and keeps our clients appraised. With Basware, you are in safe hands! For 40 years we have delivered quantifiable savings to each and every customer. Our newest enhancement is testament to our promise to make each customer successful on their journey. #nowitalljusthappens #baswareiseverywhere

💼 Struggling with manual invoice processing? Don't let it slow down business. Discover how TreviPay's eInvoice integration boosts buyer spending by 97%! Say goodbye to errors and hello to efficiency. https://lnkd.in/dUrN32NR #eInvoicing #B2BPayments

💡 ICYMI: Here's what we were talking about this week: ▶ Efficiency Unleashed: Maximising Invoice Distribution Methods Read it here: https://lnkd.in/eBBZfF9W ▶ Buyer Transactions Made Seamless Through Supplier e-Invoicing Read it here: https://lnkd.in/eaw6nk_A ▶ Accounts Payable Automation Software: What to Look for When Selecting the Best Fit Read it here: https://lnkd.in/eZd8ejSp 📑 If you found these articles useful, remember to save and re-post! #B2BE #Invoice #Invoicing #ManagedCustomerInvoiceDistribution #Buyer #Supplier #AP #AccountsPayable #automation #software

It might be challenging to deal with 3PL Billing and Invoicing, mainly if you don’t use automation. Although these procedures are complex and demanding, your ability to communicate effectively with consumers may also depend on them. The billing process becomes more straightforward for you in the future if you complete all necessary duties correctly and include all appropriate charge categories on the invoice. Read on to learn more abut #3PLBilling and Invoicing. https://hubs.ly/Q02rvSsL0