Invoice authorization is one of the more cumbersome processes handled by accounts payable. It is laborious, time-consuming, and prone to errors. Additionally organizations without a system for invoice management have to collate humungous amounts of paper at one location in order to check integrity between purchase order, goods received note, and invoice.
Expenzing Invoice Manager does a three-way check between the PO, GRN, and invoice. POs are generated in minutes with our purchase order software. Invoices are authorised for payment only if the invoice matches with the goods received and the specifications and rates in the PO.
Vendors submit e-invoices on the vendor portal and these are immediately available for accounts payable to review. If vendors submit physical invoices to the procuring location, the buyer can very quickly enter invoice details into the system for AP to process. Expenzing’s Invoice Manager is a breakthrough invoice management software, it automatically checks invoice details and prevents incorrect invoices from being authorized for payment.
This accounts payable software reduces cycle time for AP by automating the AP process. Expenzing helps reduce the paper trail and email dependency, avoid manual entries of data and constant follow-ups with stakeholders.
Fast track processing of utility and regular invoices such as electricity, internet, and security services.Expenzing Invoice Manager even reminds you if a utility bill is unpaid.
Expenzing Invoice Manager generates power spend analytics to guide management on identification of savings opportunities.
Managing budgets is a complex affair. Expenzing Invoice Manager comes with an option budget control module that plays the role of a 24x7 financial controller. Keep spends in budget bands and avoid the embarrassment of supplementary budget requests.