The Invoice Submission Platform automates the process of receiving and approving supplier invoices; saving time and effort of suppliers’ follow ups on their invoices while reducing the manual data entry of invoices.
ISP helps the companies to define their invoice approval process for invoices received from their registered suppliers by creating “invoice templates”. Automating this process eliminates the need for suppliers to physically submit invoices, and reduces the time spent by the account payable team following up on suppliers’ requests to get updates on their invoices. And it ultimately gives the company’s finance team full visibility on what to be paid
and when, therefore avoiding any cashflow problems.