Invoice Memo Sample The Aberdeen Team estimate that 59% connected with invoices that arrive at trading accounts payable departments are in papers format, and without an automatic authorisation solution, this can turn into a very labour intensive along with expensive job. The authorization process is an area everywhere huge improvements in output can be made by taking advantage of automating technologies such as Invoice Operations Solution (IMS).
Invoice Memo Sample Rather than transmitting copies of each invoice in order to authorisers and keeping the manual check on the transaction dates, IMS automates the whole process. Business rules usually are embedded in the system to ensure that each invoice can be easily forwarded to the correct people. Web technology allows often the authoriser to view the monthly bill and complete the authorisation no matter their location. The system features a full audit trail in addition to workflow history as well as a built-in escalation procedure to ensure that the actual invoices are authorised as well as paid on time. This will have got a positive impact on supplier relationships and ensures that the section receives its supplier discount rates every time.