ePayables

PNet ePayables is a collaborative Web-based environment for both Employees and Suppliers, that covers all aspects of Invoice Processing – from invoice submission through payment. PNet's ePayables product suite includes the Supplier Invoice Portal (Employee & Supplier Views), eInvoice Management (PO, Non-PO and Professional Services Invoices), Invoice Imaging, Opt-In Early Payment Discounts, Settlement, and P-Card Management.

The PNet ePayables suite enhances your current AP System.

Benefits

Reduce invoice processing costs 63% - 67% compared to manual processes

Reduce invoice processing time by 65%

Reduce invoice errors, avoid process latency, and enforce business rules

Improve on-time payment from 15% to 59%

Enable prompt payment discounts from Suppliers

PNet ePayables is a Productivity and Cost
Reduction tool that dramatically improves your current AP process and optimizes the use of working capital.

PNet ePayables provides an eInvoicing and imaging capability that “plugs into” any current or future AP system.

For those wishing to continue to accept paper invoices from their suppliers, PNet ePayables can streamline that process as well.

The solution complements any existing ERP or Financial Systems.

PNet ePayables replaces the manual, costly processing of both PO and Non-PO invoices.

Key terms: ePayables, financial systems, ERP, PO, Non-PO

“Given the robust solution functionality and the very tangible benefits of PNet ePayables, we believe that PurchasingNet’s offering should be on the list of every organization seeking to automate its Procure-to-Pay processes.”

PayStream Advisors

PurchasingNet Solution Profile