According to the European Association of Corporate Treasurers' (CAST) Project, an average cost savings of 80% can be achieved by using electronic invoicing. - European Electronic Invoicing Final Report
With the Electronic Invoicing Solution from Elemica, you can replace inefficient manual approaches with automated invoicing capabilities that simplify and streamline your processes - while eliminating data problems and increasing your rate of 'first time right invoices'.
Now, with a single Elemica connection, you can automate order processing, logistics, and inventory management. By driving errors from your financial transactions, Elemica enables you to optimize sales and procurement processes, speed payment cycles, and ultimately improve financial performance.
Innovative Electronic Invoicing Capabilities. Better Customer Service.
"Automating" invoice processing with email or autofax can provide minor process improvements; however, these approaches do not deliver the comprehensive operational efficiencies that most businesses need. Achieving real KPI improvements requires optimized business processes that are both customizable and consistent enterprise-wide.
With Elemica's innovative electronic invoicing and exception-based alerting, you can utilize state-of-the-art business process automation to proactively drive invoice corrections prior to invoice generation. Customer service, procurement, and accounting teams are empowered to focus on business issues rather than correcting invoice errors. Overall customer satisfaction is improved.
What can Elemica's Electronic Invoicing Solution do for your business?
- Empower initiatives for business process improvements
- Streamline order management and reduce operating costs
- Eliminate transactional barriers, data entry errors and invoicing issues
- Lower IT costs and simplify IT infrastructure
- Provide a platform for customer growth
- Support customer requests for electronic invoicing
- Automate business process monitoring and alerting
- Speed invoicing and payment cycles
Electronic Invoicing Capabilities Deliver Measurable Results
Working with Elemica enables your organization to benefit from our in-depth experience in global electronic document delivery. Plus, the Elemica solution eliminates the need to purchase and maintain the costly hardware and software needed to establish internal electronic invoicing capabilities. You can easily convert from paper to electronic bills in weeks - and as your customers transition to new systems, Elemica insulates your systems from this technology change.
Elemica's high value integrated order management, logistics and customer replenishment solution provides the following benefits, without the need for capital expenditures.
Supplier benefits:
- Reduce per-invoice cost by 50%
- Reduce errors by 75%
- Eliminate paper, stamps, and envelopes
- Reduce invoice rejections and reprint requests
- Improve payment performance
- Provide better visibility into invoice delivery status
- Speed invoice delivery from 7 to 3 days
- Reduce days sales outstanding (DSO)
- Improve legal compliance
- Reduce carbon footprint to meet customer sustainability goals
- Support EU and non-EU invoicing
Buyer benefits:
- Reduce processing cost up to $20 per invoice
- Eliminate receiving, opening, bar-coding, and manual routing
- Eliminate manual data entry and automate internal processes
- Reduce receiving and storage costs
- Reduce errors by 75%
- Improve contract compliance