Reduce invoice processing costs
Speed and efficiency gains achieved through invoice automation reduce invoice processing costs. Faster invoice processing means achieving more early payment discounts and avoiding late payment fees. Automated invoice processing requires far less manual intervention making it faster and less prone to errors or lost invoices. There are opportunities to reduce or redeploy staff resources and the paperless invoice process reduces storage costs.
Improve cash flow
Automating your invoice processing operation delivers immediate availability of information on funds tied to purchases, giving you better cash flow forecasting and better financial cash management.
Improve supplier relations
Companies implementing the DCS automated invoice processing solution improve supplier relationships. Among the tangible benefits of faster invoice processing are a reduction in payment chasing enquiries and an increase in early payment discounts. The availability of a web based supplier portal as part of this DCS solution is a useful feature and helps reduce inbound enquiries.