Incoming Invoice Management
Does your company have centralized control over all incoming invoices? Or are you facing multiple entry points without adequate control? Have you ever accidentally double paid a supplier or partner or missed a payment?
OWIS for managing incoming invoices gives you full control and transparency throughout the entire process – from receipt and validation to payment. With the OWIS system, you can monitor the status of each invoice in real time, according to predefined rules that you set yourself.
The three biggest benefits of using the OWIS system for managing incoming invoices
All at one place
All invoices are recorded in the OWIS system, regardless of their source or destination. This allows you to easily monitor and determine the status of each invoice, including those related to activities in your ERP system.
Automation
OWIS automates the invoice management process, reducing the time required for everyday tasks. The process starts as soon as the invoice arrives, it is determined to whom it should be addressed, and the data is automatically transferred to another system for further processing.
Statistics
Thanks to the comprehensive data collected during invoice processing, OWIS enables you to create detailed reports and gain valuable insights that are key to optimizing your business processes.
OWIS blogs about invoice management
Introducing changes in working methods often seems like a difficult and unnecessary endeavor, especially if current practice does not seem to be causing problems. Why change something that works? What is often neglected are the actual costs of day-to-day repetitive activities. The processing of incoming invoices is certainly one of such activities in most organizations, entailing a series of costs that are hard to notice at first glance.