Since 2009, Ecodocx has consulted businesses worldwide, helping them increase their efficiency and their profits through Customer Communications Management (CCM) and Enterprise Content Management (ECM). In order for your business to run as efficiently as possible, you need to select the appropriate software or enhance your existing software. If you need help with SAP, you may not even know where to begin. Not only can we help with SAP application development and support, but we can also help with systems management and administration, SAP business intelligence, and SAP business planning and consolidation. Additionally, our consultants can help with the implementation of OpenText products used in the SAP ecosystem. Today, we would like to discuss our SAP Vendor Invoice Management solutions.
Why You Need An Invoice Tracking System
Keeping track of the various invoices in your business can be overwhelming, and our invoice tracking system helps break down the entire process and make it easier to manage. We offer the Verbella Invoice Tracking Center (ITC) Solution for SAP users at Ecodocx.
What Is The Verbella Invoice Tracking Center?
This affordable invoice management solution can be installed and running within three to six weeks. This system includes the following AP requirements: visibility, audit functionality, non-PO approvals, duplicate checking and PO exception handling.
As a business owner, you understand that some exceptions occur during invoice tracking, such as price variances, quantity variances, and missing goods receipts. Our system helps keep track of these exceptions, saving you money and time.
One of the most frustrating occurrences for businesses is duplicate checking, which involves double or even triple payments, which can be a nightmare to correct. The ITC scans invoices and compare them to existing ones, sending alerts for potential duplicate checks so that you can correct the situation before it worsens.
With ITC, all of your invoices are set up in a user-friendly dashboard system. You’ll be able to view the vendor, fiscal year, PO number, posting date, amount, and company code easily in the dashboard.
Optical Character Recognition (OCR)
Using the OCR, you can populate the SAP metadata, adding an even more optimized degree of automation to your ITC. By capturing the header and line item details, manual indexing can become a thing of the past.
Our ITC is mobile friendly and compatible with smartphones, tablets, and it supports MS Outlook. This means that you can track your invoices whenever and wherever you want. The days of waiting for an approval or response from a travelling manager are finally over.
Mass Downloading And Printing
The manual process of printing and downloading multiple invoice images with native SAPs can be slow and time-consuming. We’ve optimized this entire process by offering a mass printing and downloading feature in our ITC. This feature enables you to respond to audits and legal requests as quickly as possible.
One of the best features of the ITC is its tracking capability of all your business invoice transactions. This capability tracks each transaction as well as the individual who performed each step along the way.
If you need help with your vendor invoice management, contact Ecodocx to see how we can help you.