Executive Briefings

Automated Order/Payment Processing Drives Down Costs, Increases Operations Efficiency

Challenge: Driving efficiency, in both processing and reporting on orders and payments, is an ongoing crusade. Our client was receiving a very high volume of paper invoices from their key automotive vendor; this relationship was identified as a priority for efficiency improvement. At first glance it appeared that the Government Procurement Card would enable the changes they needed. However the vendor was not Level 2 or 3 capable - meaning the necessary line item detail for orders and payments wouldn't be available to our client.

Solution & Results: The Invapay solution met all of their key needs, including: Delivery of Level 3 line item data; Using Invapay to process payments, and pass funds to the vendor; Providing reconciled Level 3 line item and payment data; 5 day payment delivery meant vendor experienced improved cash flow; Receivables cost as Days Sales Outstanding, Cash Conversion Cycles reduced; Printing/posting of invoices removed.

About the Solution Provider: Invapay Payment Solutions provides automated purchase to pay solutions to public and private sector organisations. The solution provides buyers "the freedom to buy" and gives finance "the power to control" delivering intelligent cash management, control, compliance and essential reporting tools required to run a streamlined, successful and cost effective operation.

Web:  www.invapay.com

Email:  enquiries@invapay.com

Phone:  +44 (0)1992 500589

Solution & Results: The Invapay solution met all of their key needs, including: Delivery of Level 3 line item data; Using Invapay to process payments, and pass funds to the vendor; Providing reconciled Level 3 line item and payment data; 5 day payment delivery meant vendor experienced improved cash flow; Receivables cost as Days Sales Outstanding, Cash Conversion Cycles reduced; Printing/posting of invoices removed.

About the Solution Provider: Invapay Payment Solutions provides automated purchase to pay solutions to public and private sector organisations. The solution provides buyers "the freedom to buy" and gives finance "the power to control" delivering intelligent cash management, control, compliance and essential reporting tools required to run a streamlined, successful and cost effective operation.

Web:  www.invapay.com

Email:  enquiries@invapay.com

Phone:  +44 (0)1992 500589