What are the benefits of using invoice approval software?
Invoice approval software is used to automate the processes involved in approving invoices for payment.
Approving invoices in paper format is a time consuming and laborious task and also prone to error. Invoices can get lost or end up sitting in people’s in trays for weeks on end should that person be on leave or off sick. These issues become even more acute in large organisations with multiple sites.
Using invoice approval software will give you full control over where invoices are and how many are awaiting approval and allows you to quickly and accurately respond to suppliers chasing payment.
When invoices are received they are scanned into the system and automatically matched up to the original purchase order. The electronic version is then routed via workflow to the relevant person or persons for authorisation. If an approver is absent for any length of time, in built rules will escalate the invoice to another approver to ensure that payment is made as swiftly as possible.
To find out more about invoice approval software please click here or call Cloud B2B solutions on 0800 840 3336.
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