Invoice Matching is integrated with Purchasing and Receiving. More...

Electronic Invoice Processing
Electronic Invoice Processing automates the invoicing process in PNet ePayables. EIP completes the procurement process and acts as the 'hand-off-point' to an organization's Accounts Payable system.

A 2 or 3-way match can be performed, depending upon company Business Rules. A complete audit trail of invoice submissions is maintained for each Supplier. EIP is integrated with Purchasing and Receiving. More....

Supplier Invoice Portal
This extranet web-site portal contains the following functionality:
Business Information - provides information to the Supplier that describes how to do business with your company.

Invoice Status - provides the ability for Suppliers or Employees to lookup status information for Invoices that have been previously submitted.

Create Invoice - provides the ability for the Supplier to create an Invoice based on order or invoice data that is present in the PNet database. This allows the creation of an Electronic Invoice transaction by smaller Suppliers who may not be able to easily submit Invoices in electronic file format

Non-PO Invoice Approval
In many environments, it isn't practical to generate P.O.'s to cover all expenditures. (services, items purchased in the field, etc.) Traditionally, paper invoices are mailed or faxed to the AP department and the manual process begins.

Invoices can now be sent in any electronic format, or can be entered on the PNet Invoice Portal.

The electronic invoices can be sent in any format. The PNet Electronic Invoice Processing modules validates the data and maps it to the PNet format. This gives suppliers the ability to send invoices in any format. This flexibility drives supplier adoption.

For lower volume suppliers, invoices can be entered through the Invoice Portal by using a previously generated PO or invoice as a template. Of course there is robust security.

Invoices can be routed for approval using various business rules. In cases where no pre-determined routings exist, the invoices can be routed in an ad-hoc manner. Routings can be based on which spend category an invoice falls into or based on the routing for a particular supplier. Discrepancies can be noted, and the invoice can be sent back to the supplier for correction if necessary.

The PNet ePayables suite can be interfaced with any Legacy Accounts Payable system. Early Payment Discount Management allows suppliers to "opt-in" and receive early payment in return for discounts. eStatements show all payments and credits made to each supplier.