eInvoice Management

PO & Non-PO Invoices

Electronic PO Invoice Processing (EIP) automates the invoice matching process in PNet ePayables. Either a 2-way or 3-way match can be performed against Purchase Orders without manual intervention based on company-defined business rules and tolerances. For the ultimate in processing efficiency, electronic invoice data can be uploaded directly from Suppliers and then processed by PNet – typically allowing over 90% of the transactions to be processed in an automated, “lights-out” environment.

For items or services that don’t lend themselves

Benefits

Reduces manual data entry and manual invoice matching processes, equating to both cycle-time and cost reductions

Eliminates costly duplicate or overpayments

Prevents fraud through tolerance and Payment Control Algorithms™

to a traditional Purchase Order process, Non-PO and Professional Service Invoices can be submitted electronically and then routed for GL coding and payment approval. Non-PO invoices are validated upon submission, and then the powerful PNet workflow engine performs the rules-based routing of invoice data, scanned images, and reference documents.

Key terms: invoice management, invoice routing, invoice matching, invoice processing, Non-PO invoices, Electronic PO Invoice Processing, EIP

“PNet ePayables has helped support rapid growth in our business.”

Controller

Fortune 1000 Transportation Company