BRING DIGITAL TRANSFORMATION TO YOUR AP TEAM WITH WEB3 eINVOICING SOFTWARE
The cost of manually processing a single paper invoice is estimated at anywhere between £30 and £50, with 25% of accounts payable (AP) time lost to resolving problems related to manual invoice handling. For organisations still relying on paper invoices and processing, that’s a lot of time and money wasted. With web3 eInvoicing your AP team can be freed from manual error-prone invoice handling, releasing bandwidth and allowing you to truly leverage the power of your finance team.
The Wax Digital Difference
eINVOICING BENEFITS AT A GLANCE
Product tour
See web3 eInvoicing in action
Watch the video and discover the powerful functionality of our intuitive eInvoicing solution.
Take paper out of the equation
Our electronic invoicing system can transform your paper-based invoice processing into an automated process. Your most important suppliers can enjoy direct integration with their billing systems, whilst the long tail can send invoices via email, or use structured templates within a dedicated web3 supplier portal. Regardless of what method your supplier chooses, the system can capture, validate and translate the data into your preferred structure, eliminating the needs for unnecessary manual re-keying.
Automate trade with the long tail of suppliers
web3 eInvoicing provides an intuitive web portal for suppliers that allows them to submit structured electronic invoices either on-screen or through file upload, at no cost to either supplier or buyer. All that’s needed is internet access and every supplier – no matter how small or infrequent the trade – can send invoices electronically straight to your finance system by way of web3.
Deliver 100% e Invoicing quickly and efficiently
Supplier on-boarding can be costly and time-consuming. To help with the process we can provide the following materials as part of our Accelerate onboarding programme:
- A branded web portal full of content to guide suppliers through the process
- Templates for all communications to stakeholders – both suppliers and employees
- Marketing packs to help promote system benefits
- Technical documentation and support for integrated suppliers
SAVINGS CALCULATOR
See how much you can save with web3 eInvoicing
Thanks for using our eInvoicing calculator. In the mean time, why not take a look at our web3 eInvoicing product guide?
INVOICES RECEIVED
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Product Guide
web3 eInvoicingEliminate paper invoices and achieve 100% electronic invoicing with web3 eInvoicing. Automate your Accounts Payable process and see how you can save time, minimise risk and cut processing costs by up to 80%.
Find out more by downloading our product guide now.
GUIDE
How to achieve 100% electronic invoicingBy digitising invoice management, you can improve the efficiency and accuracy of routine AP invoice practices, eliminate paper-based processes and build stronger relationships with your suppliers. Find out how in our guide.
Audio & Video
Fast, effective electronic invoicing: Removing paper without the painIn this 10 minute webinar we look at how you can automate your AP invoice processing quickly, cost-effectively and without changing all your Accounts Payable processes to achieve great results.
Product Guide
web3 CaptureWant to fast-track your invoice capture process and save administration time? If you’d like to quickly process any type of invoice received by email or paper and reduce the time it takes to manually check your invoices, automated data and class verification from web3 Capture can help.
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What is eInvoicing
New to the term eInvoicing, also known as electronic invoicing, or need to refresh your memory? Here’s our explanation of how it system works.
eInvoicing, also known as electronic invoicing, is a business to business practice that refers to the automation of invoicing processes. There are a variety of ways to perform this including direct integration into the buyer’s finance system, with commonly used formats such as Electronic Data Interchange (EDI), XML and CSV, or alternatively via a dedicated portal where suppliers can key in or upload invoice data directly. Some eInvoicing systems can also read information from email attachments. Whilst these processes have obvious environmental benefits, they also provide a rapid return on investment by streamlining the invoice management process. It eliminates paper invoices and the associated error prone, inefficient manual tasks such as manually re-keying data from the invoice into the buying organisation’s purchasing or finance system.
eInvoicing system – how it works
To read more about what eInvoicing is and how it can benefit business, click here.
P2P processing accounts for nearly one third of the overall cost of finance and procurement operations, and we can help you improve administrative efficiencies and reduce such cost by as much as 80%.
Next Steps…
