Invoice processing

Invoices often pass through the hands of various people and departments across a company’s different locations. A clear waste of time and effort! By using ELO’s solution for incoming invoices, handling and processing times and costs can be considerably reduced. Incoming invoices and documents can be automatically recorded and recognised and forwarded to the appropriate owner / staff member.

All relevant invoicing data, such as the invoice recipient, the sender of the invoice, invoice date, invoice amount and all individual line items are recognised and undergo the appropriate plausibility checks. Invoices with an existing order reference (PO) in the ERP system can be completely processed right through to booking and automatically stored in a revision-proof archive on matching.

Optimal control thanks to workflows

Invoices without an order reference are forwarded via an electronic and standardised invoice verification workflow to the relevant staff member or department and released accordingly.

It’s easy to see the benefits of ELO

• There is an effective reduction in the time to record and process incoming invoices (AP).
• Process costs are decreased while process and data quality increase.
• Discount and liquidity losses are dispensed with.
• With an overview of liabilities updated daily, the corresponding transparency is created in the company.
• All common ERP systems, such as SAP and Microsoft, can seamlessly be integrated.
• Accompanying correspondence, such as documents and e-mails, can be archived according to the relevant process.
• Legally-compliable archiving is ensured by using an electronic signature.