Ketera Invoice Management, an on demand and web–based management solution, is used by customers to receive invoices electronically and automatically match it against associated POs and goods receipts, prior to routing for payment approvals.
Pay the right invoice amount to suppliers and pay it only once with invoice and accounts payable reconciliation
Companies that currently depend on a manual process for accounts payable and invoice reconciliation lose money because of the inability to ensure that the invoices they receive from suppliers are accurate and match the goods and services that they have received from the supplier(s). By shifting from paper to a single, automated electronic invoice reconciliation process, organizations can reduce their financial settlement costs by more than 50% and remove erroneous payments to suppliers by 100%.
With Ketera′s On Demand Invoice Management solution, companies can streamline invoice reconciliation, and match, manage and approve invoices electronically. Using Ketera’s invoice reconciliation and management solution, companies automate the entire order–to–pay workflow process and invoices are automatically matched against purchase orders (POs) and goods and service receipts to prevent overcharging by suppliers and duplicate payments to suppliers. These savings get added to the bottom–line profits immediately.
Accurate and regular payments lead to better supplier relationships and negotiations
By using Ketera’s invoice management solution our customers improve their supplier relationships and increase their supplier negotiation leverage. With an automated invoice management process, suppliers receive payments accurately and regularly. Some of our more sophisticated customers use our invoice management solution to accelerate supplier payment which in turn helps capture early payment discount opportunities.
Easy to set up and use
With Ketera’s on demand capability, our deployment of the invoice reconciliation solution is very quick and customer can quickly start to accrue the benefits of an automated invoice management process without having to install any software at their premises, or invest more money in buying new hardware for using the management solution. Our invoice management solution requires no IT support from within our customer organizations and therefore is not a drain on your existing IT resources. Our invoice management solution works very well with all the existing ERP and A/P systems, – customers use the Ketera system as the single point of invoice approval and to feed their existing systems – this helps protect and leverage your existing investments in your accounts payable process.
