
What is an invoice management system
The invoice management process starts when you receive the supplier invoice.
Definition of invoice management system
An invoice management system is an online internal business system that manages invoice documents from vendors and suppliers.
What is an invoice management system?
An invoice management system, as the name suggests, is an online system used to manage invoice documents from vendors and suppliers.
What are the challenges of invoice management?
An invoice management process starts when you receive the supplier invoice. The invoice should then be: identified, categorized, filed and matched to a purchase order (PO) by the person responsible for the order. After these steps, the invoice is usually transferred to the financial department and the sum is paid.
To avoid any issues, the 3 following points should be double-checked:
What are the benefits of an invoice management system?
Discover Impel Infotech’s online invoice management platform
With Impel Infotech, online open invoice payments are seamlessly integrated with your ERP. This means that paying invoices online saves time and reduces your manual error rate.
Our ERP-integrated online invoice payment platform is easy to install and quick to set up. How quick? Well, you can have your online portal live in about 3 to 4 days. It’s just a matter of installing the add-on. This solution is easy, certified and secure. Contact us for more information.