Finance

LET’S TALK ABOUT eFINANCE

When so many of the benefits accrue directly to the finance team, it seems almost wrong to talk in terms of ‘eProcurement’ software. Bring control, compliance, audit and visibility to every facet of your organisation’s supplier-facing trade. Cut costs, reduce friction and streamline processes across key finance and AP activities from vendor master data management to invoice processing and exception handling.

eFINANCE BENEFITS AT A GLANCE

FRICTIONLESS FINANCE, REDUCED MAVERICK SPEND

Eliminate the process overheads that fall on the finance function thanks to poor procurement practice in the form of invoice queries, approvals, audit and supplier data maintenance.

TOTAL VISIBILITY AND POWERFUL INSIGHT

Create a single, central resource for reporting across the procurement lifecycle and data from your whole business with powerful, highly configurable dashboards and business intelligence models.

STANDARDISED PROCESS, REDUCED BUSINESS RISK

Comprehensive self-service provision means suppliers can be on-boarded and maintain rich, accurate and up-to-date profiles, including financial and other risk metrics.

COMPLETE PURCHASING CONTROL

Make it simple – purchase orders are raised and approved before spend is committed, budget checks and approvals applied, good and services receipted, and invoices matched every time.

Wax Digital Bright Ideas

THE PERFECT SOLUTION

Achieve better control and compliance

Electronic invoicing
Shift the paradigm by taking every supplier invoice electronic, regardless of the source format. Whether from paper, email, portal or any other means, web3 will render 100% of your invoices electronic and automate a PO match wherever possible, leaving your Accounts Payable team to deal with exception handling rather than data entry.

Control and audit
Ensure that every purchasing policy and best practice that should be applied across your business is being applied, automatically and in a way that actually makes employee’s lives easier. And enjoy complete audit on every user, supplier and system action – stored forever.

Seamless integration
Ensure complete transparency and synchronisation between web3 and your finance system, or any other systems as appropriate, thanks to the industry’s only Integration Platform as a Service, web3 Connect.

Wax Digital Bright Ideas

THE PERFECT SOLUTION

Achieve better control and compliance

Electronic invoicing
Shift the paradigm by taking every supplier invoice electronic, regardless of the source format. Whether from paper, email, portal or any other means, web3 will render 100% of your invoices electronic and automate a PO match wherever possible, leaving your Accounts Payable team to deal with exception handling rather than data entry.

Control and audit
Ensure that every purchasing policy and best practice that should be applied across your business is being applied, automatically and in a way that actually makes employee’s lives easier. And enjoy complete audit on every user, supplier and system action – stored forever.

Seamless integration
Ensure complete transparency and synchronisation between web3 and your finance system, or any other systems as appropriate, thanks to the industry’s only Integration Platform as a Service, web3 Connect.

NEXT STEPS…

MORE WAYS WE CAN HELP