Smart invoice management: The foundation for a healthy financial supply chain
Invoice automation can lower processing costs by about 60 percent – reason enough to use invoice management software. But only SAP Ariba offers smart invoicing through Ariba Network. With smart invoicing, network business rules alert suppliers about errors and prevent incorrect invoices from entering your process workflow or back-end system. What’s more, you can capture and automate the processing of all your invoices, including PDF invoices, non-PO invoices, and invoices for complex services. This enables close to 100 percent touchless processing, as well as:
- Accelerated cycle time
- Automated exception-handling
- Stronger compliance
- Reduced savings leakage
- Supplier visibility into payment status
- Improved cash flow for your suppliers
- Automated capture of negotiated terms
Now, instead of spending its time handling paper, exceptions, and phone calls, your AP team can focus on more strategic pursuits. Like helping to free up cash and optimize working capital.
Solution Capabilities
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Receipt
The received-invoice screen includes invoice line items and includes tax in the total amount due.
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Process
SAP Ariba dashboard shows the status of your invoices and the required actions to take.
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Paying
Invoice in paying status (approved, not paid yet) shows amount due and amount remaining, so you can enforce compliance to contracts.
