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.
Transform your AP Process
Wax Digital web3 eInvoicing transforms invoice management into a fully electronic and automated process, taking paper out of the equation and eliminating the majority of manual processes. Working hand in glove with your existing systems it reduces costs, improves efficiency, boosts security and reveals a wealth of analytical insight through a highly intuitive web-based workbench for AP management.
Deliver 100% eInvoicing quickly and efficiently
Integrate directly with the billing systems of your highest volume suppliers and utilise web3 Capture to intelligently extract data from emailed invoices for the remainder. You can do this without the need for suppliers to change their existing business processes, enabling you to move to 100% electronic invoices with virtually no change management overhead. The web3 supplier portal also allows for suppliers to upload invoices or flip them from purchase orders, cost-free.
Streamline matching and exception handling
Seamless integration with your ERP/MRP system means web3 eInvoicing can consume purchase orders and receipts and automate the matching of inbound invoices to those documents, providing a touchless matching process wherever possible. Exceptions are intelligently queued for AP to manage and process quickly and easily, passing the resulting ‘OK to Pay’ documents through to your back-office systems to handle supplier payment.
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
Your calculated savings per year, with web3 eInvoicing are
0$
Your estimated savings per year:
Summary
| Description | Costs | Price | |
|---|---|---|---|
| Discount : | |||
| Estimated total savings per year : | |||
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.
- 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…
