TRANSFORMING INVOICE PROCESSING EFFICIENCY IN DIRECT SPEND
Direct spend orders are typically generated automatically from your ERP/MRP system, but the document management and exchange process from that point on – ultimately resulting in a matched invoice – can leave a lot to be desired. Routing those documents through web3 provides a robust and highly scalable means to capture and process every single invoice electronically regardless of invoice volumes and source formats.
eInvoicing for direct spend Benefits at a glance
eINVOICING FOR DIRECT SPEND FEATURE HIGHLIGHTS
Eliminate your islands of processes and information
The process efficiency platform
Bringing direct spend under management means bringing together data and documents from different systems – ERP, MRP, PLM, P2P – and creating a cohesive platform for controlling, sharing and processing that data. Improving collaboration and ultimately delivering process improvement and efficiency in high volume, highly demanding environments is what we do.
Robust and secure
Wax Digital web3 handles tens of millions of orders and invoices for individual customers in high volume trading environments, where every document is a business-critical transaction.
100% electronic invoicing
Since suppliers can submit invoices in a wide range of formats – including simply by email – there is little process change to manage and so the goal of 100% electronic invoicing comes quickly and easily into reach.
Supply chain integration
High invoice volumes from individual suppliers mean that system to system integration for orders, invoices and other messages via EDI or XML is much more commonplace in direct spend than indirect. Thanks to web3 Connect and our on-boarding team, we can quickly and easily facilitate this and have hundreds of fully integrated suppliers in key verticals.
Intuitive invoice matching
Channel orders and receipts from your back office systems into web3 and automate the matching process, providing AP users with an intuitive web-based platform for painlessly managing exceptions where a match cannot be found.
All around visibility
Bring all your invoices – indirect, direct and self-billing – under a single point of management to give complete visibility and control across your business units and your entire supply chain.
TRUSTED FOR ELECTRONIC INVOICE PROCESSING BY
Next Steps…
