Executive Briefings

Nipendo Debuts Tool for End-to-End Invoice Reconciliation

Nipendo, a vendor of cloud-based services for managing buyer and seller relations, has introduced a tool for achieving "end-to-end" invoice reconciliation.

Nipendo's E2E-Invoicing with Instant Invoice Reconciliation is part of the Nipendo Supplier Cloud platform. The system validates invoices for data accuracy and compliance in line with the buyer's requirements. It matches invoices with purchase orders and receiving records in real time. Designated users are alerted to those invoices that require attention. Suppliers can immediately correct invoices that do not comply with buyers' requirements, eliminating the need to cancel an invoice and resubmit it. An Advance Shipping Notice (ASN) feature allows suppliers to issue invoices for complete or partial shipments, which can be automatically reconciled with the original purchase order as well as with the ASN. Through the Nipendo Supplier Cloud, suppliers receive instant acknowledgment and confirmation that their invoice was accepted and processed correctly by the buyer. They get real-time visibility to the status of the invoice, Nipendo said.

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Nipendo's E2E-Invoicing with Instant Invoice Reconciliation is part of the Nipendo Supplier Cloud platform. The system validates invoices for data accuracy and compliance in line with the buyer's requirements. It matches invoices with purchase orders and receiving records in real time. Designated users are alerted to those invoices that require attention. Suppliers can immediately correct invoices that do not comply with buyers' requirements, eliminating the need to cancel an invoice and resubmit it. An Advance Shipping Notice (ASN) feature allows suppliers to issue invoices for complete or partial shipments, which can be automatically reconciled with the original purchase order as well as with the ASN. Through the Nipendo Supplier Cloud, suppliers receive instant acknowledgment and confirmation that their invoice was accepted and processed correctly by the buyer. They get real-time visibility to the status of the invoice, Nipendo said.

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