B2B and P2P Integration Solutions
The answer is automation.
Are your customers requiring you to submit invoices electronically? Or do you just want to digitize this process to eliminate errors and get paid faster? If so, our cloud system is developed to handle transactions of electronic business documents to and from vendors and suppliers. This automation integrates with existing ERP or back office accounting systems so invoices will go directly from accounting to the customer’s portal.
Our solution for Accounts Receivable and/or Accounts Payable is molded especially for oil and gas, energy, and environmental services. This b2b service provides any and all connections to get you e-invoicing in no time by specializing in integration for Oildex, Cortex, PIDX, Ariba, ADP, Hubwoo, and more.
Our system eliminates multiple entry points, reduces staff burden, ensures compliance with contract pricing, and reduces Days Sales Outstanding (DSO). Companies who have implemented an electronic invoicing solution are realizing a distinct advantage over the competition.
The best part is that we are fully equipped with a team to handle the business process analysis, blueprinting, integration, and continued support once your project has been completed. We’re able to customize a solution to satisfy any processing protocol or technology requirement to ensure timely delivery, approval and payment of invoices. From document types, to specialized business processes, we have the knowledge and capacity to build a perfect b2b solution for you.
- Fewer Costs or Missing Invoices 54%
- Increased On-Time Payments 45%
- Quicker Approval Cycles 51%
- Improved Vendor Satisfaction 32%
- Increased Ability to Capture Discounts 36%
- Reduction in FTE / Processing Costs 46%
- Better Visibility Across the Transaction Lifecycle 42%
- Fewer Supplier Inquiries 32%
- Reduction in Exceptions / Discrepancies 22%
- Fewer Duplicate Invoices 26%
Source: PayStream Advisors
“The average cost of processing an invoice in an environment with no automation or low levels of automation can be up to 20 times greater than the cost of processing in a fully automated environment.”