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Supplier invoicing

Precision in Payment: Let’s Handle Your Billing Needs



Are you seeking to revolutionize the way you are handling and processing invoices received from suppliers, verifying accuracy, and facilitating timely payment?

Understanding the supplier invoicing process

Supplier Invoicing is the process of receiving and processing invoices from suppliers for goods or services provided to the bank. It involves verifying the accuracy of invoices, approving them for payment, and processing payments to suppliers. Effective supplier invoicing is essential for maintaining positive supplier relationships, managing costs, and ensuring timely payments.

Steps in Supplier Invoicing

Invoice Receipt

Receive invoices from suppliers for goods or services provided.

Invoice Verification

Invoices are reviewed and verified for accuracy, including checking for correct pricing, quantity, and terms.

Approval Process

Invoices are approved for payment by authorized personnel, such as procurement managers or finance officers.

Payment Processing

Approved invoices are processed for payment through the bank’s payment systems or accounts payable department.

Payment Confirmation

Suppliers are notified of payment confirmation, and payment details are recorded for reconciliation purposes.

How can automation improve your Supplier Invoicing?

Let’s explore how BPA can streamline your supplier invoicing process, making it faster, more accurate, and error-free

Automated Invoice Capture

Streamline invoice capture with BPA automation. BPA systems can automatically capture invoice data from digital or scanned invoices, reducing manual data entry and errors.

Invoice Routing and Approval Workflows

Accelerate invoice approval processes with automated routing and approval workflows. BPA solutions can route invoices to the appropriate personnel for approval based on predefined rules and thresholds, reducing delays and bottlenecks.

Invoice Matching

Automate invoice matching with purchase orders and receipts to ensure accuracy and compliance. BPA systems can match invoices against purchase orders and receipt data, flagging discrepancies for review and resolution.

Payment Processing Automation

Simplify payment processing with BPA automation. BPA solutions can automate payment initiation, scheduling, and execution, reducing manual effort and ensuring timely payments to suppliers.

Supplier Communication and Collaboration

Enhance communication and collaboration with suppliers through automated notifications and portals. BPA systems can send automated notifications to suppliers regarding invoice status, payment confirmation, and other relevant information, improving transparency and reducing inquiries.

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