With Concur® Invoice, you can quickly automate and manage the entire process of receiving invoices to supplier payment, collecting all of the relevant data and approvals along the way. Eliminate wasted time, human error, non-compliance and gain better visibility into liabilities so you can more easily control cash. Best of all Concur Invoice:
- Provides unmatched visibility into each step of the process. Information like the original payment request date and the current approval checkpoint are just a click away.
- Delivers automated approval updates, reminder notifications, escalation and delegation options. Keeping all parties abreast of process benchmarks and measurably shortening payment cycle times.
- Integrates directly with your accounts payables, general ledger, and other financial management applications.
- Controls cash flow and conveniently pays suppliers at the proper time, providing greater visibility and cash flow management.
- Keeps you productive on the go – track, approve or reject invoices from your smartphone.
- Empowers suppliers to electronically submit invoices and track the progress of those invoices through the Supplier Portal.
Your vendors and suppliers will appreciate the benefits of Concur Invoice as well. Some of the most common issues in managing the rising tide of paper also strain supplier relationships. Lost or mis-routed invoices can be a major source of frustration that can lead to increased costs and missed opportunities for discounts. By automating the entire process, Concur Invoice helps ensure payments are made when you want while improving your supplier relationships.
Enhance Supplier Relations with the Supplier Portal
Concur Invoice also provides a place for vendors and suppliers to submit and track invoices with the Supplier Portal. This further simplifies the invoice management process and saves time for A/P. The Supplier Portal not only provides a way to further eliminate paper, but it automates the interaction between buyers and suppliers – reducing the time A/P staff spends answering supplier inquiries on the payment status of invoices and check requests. The Supplier Portal also improves supplier relations by providing vendors with secure, 24/7 real-time visibility to payment status and allowing A/P staff to focus on higher value-add tasks instead of chasing down payment status details.
Learn more about Concur Invoice
Concur makes it quick and easy to automate your entire supplier payment process. View our self-paced product tour or watch a short intro video demo to see how automating your invoice management process with Concur Invoice can save your organization time and money.