Reduce payables cost, improve visibility and keep pace with electronic invoicing
ADP Electronic Invoicing Services
You are under pressure to make better spending decisions and adapt to ever-changing business conditions. Outdated paper-based invoicing and payment processes are taking you in the wrong direction. ADP electronic invoicing and electronic payment solutions help to reduce payables cost, improve spend control and scale easily.
Payment lifecycle involves many hand-offs so you could miss early pay discounts.
- Difficult to make informed cash flow decisions because data lags by 30 days or more.
- Difficult to scale the invoicing and payment process as your business changes.
It is possible for accounts payable to drive positive business outcomes. To get there, you need to remove the burden of paper invoice processing, have real-time access to current spending data and gain ability to scale easily.
|You need to…
||With ADP eInvoicing you get…
|Reduce Your Use of Paper
You need to be able to manage the entire payables process electronically with automated workflows that reduce hand-offs and speed processing time.
Result: reduced processing costs, errors and overpayments to vendors.
- Electronic invoices from your vendors
- Automated workflows or integration with your existing workflows
- Eliminate manual keying of data
|Know What You are Spending
You need to have information about what you are spending right now, not what you spent last month.
Result: daily visibility to your current payables liability.
- Route eInvoices quickly
- Process cycle shortened to a few days
|Only Manage Exceptions
You need to be able to move away from day-to-day accounts payable activities and be more strategic by keeping pace with changing market and business conditions.
Result: you are able to keep pace, by moving away from tactical management of AP and focus on strategic issues that help you stay ahead.
- Cloud-based solution
- Automated, rule-based workflows
- Intelligent document management
ADP Procure-to-Pay electronic invoicing solutions are integrated end-to-end, so you only have to deal with one vendor. You reduce cost, improve visibility of your spend, and increase your agility in a fast-moving business climate.
More information about ADP
Mountains of paper. Manual, error-prone processes. Missed opportunities to capture savings and discounts. In many organizations, Electronic Invoice Presentment and Payment (EIPP) and Procure-to-Pay (P2P) remain among the last bastions of significant administrative inefficiency, resulting in high processing costs, limited visibility, and at times, adversarial relationships with suppliers.
ADP can help.
ADP electronic invoicing solutions transform the way organizations manage accounts payable and procurement. Whether you are looking for a simple solution with basic imaging-and-workflow capabilities or a fully-integrated electronic invoicing application tightly linked to existing internal accounting systems and supplier applications, ADP can streamline your P2P processes.
Improved Processes Lead to Bottom Line Results
Clients worldwide trust ADP to provide full-scale solutions for all areas of their procure-to-pay process, in order to create efficiencies, cut costs and increase profitability. ADP P2P delivers comprehensive functionality in the following areas:
- PO Management
- Electronic Invoicing
- Supplier Enablement
- Scan and Capture Services
- Automated Workflow
- Payments Automation
- Electronic Receipts
- Price Compliance
- Discount Capture
- Reporting and Analytics
- Supplier Self-Service
Benefits for Accounts Payable – As an accounts payable decision maker, one of your key priorities is processing invoices quickly, efficiently and accurately, while ensuring financial controls are maintained.
Benefits for Procurement – If you're a procurement decision maker, your focus is on sourcing vendors, ordering products and services, and negotiating contracts - all while keeping an eye on costs. Automating the delivery and receipt of procurement-related documents can save you time - and improve your bottom line.
Benefits for Treasury – You're charged with optimizing working capital for your company - not an easy job in today's economic climate. But, with our electronic invoicing, receipt and discount management solutions, you can realize benefits and competitive advantages that are not possible in the world of paper transactions and manual tracking.
For more on ADP
Call us toll-free at (855) 237-9523
* According to a 2010 Aberdeen study, the cost of processing a paper-based invoice is about $18 and the cost of processing an electronic invoice is $5.