OneSCM provides the ability to manage decentralized invoice approval while maintaining centralized payment and exception management. This Invoice Conversion eliminates the transactional time associated with invoice data entry and errors, and the automated process of managing by exception (MBE) increases the number of invoices processed per AP clerk.
Invoice Conversion enables:
- An "Audit trail" for invoice approvals so you can track, escalate, and expedite invoice processing
- A self-service invoice portal so that suppliers can check the invoice status rather than burdening the AP staff
- The ability to realize payment term discounts (such as "2% 10, net 30") by processing invoice payments more efficiently