A vendor portal with dynamic discounting-option
DIGITIZING THE SUPPLY CHAIN FROM RFQ TO PAYMENT – Part One
Complete Digitalization InvoiceNow digitizes the entire purchase-to-pay process from RFQ to payments. The SaaS-platform seamlessly integrates with corporate buyers’ ERP-systems (e.g. SAP) to allow suppliers transparent access to invoice-, PO- and consignment stock-status. And because the suppliers can respond to RFQs, and PO, and create invoices directly from the portal, the data will be “perfect” and allow 100% automatic processing on the buyers’ side.
Installation in 5 days InvoiceNow does not require any lengthy and cost-intensive installations, simply connect to your ERP-system within less than 5 working days.
Immediate Buyers’ Benefits The buyer benefits from much less inquiries about invoice- and payment-status, much better data quality (RFQ-responses, invoices, etc.), and much more timely and reliable communication.
Immediate Suppliers’ Benefits The supplier benefits from immediate access to all information relevant for their cashflow-planning, simple invoice creation (e.g. PO-flipping) and status tracking, and the possibility to easily request for earlier payments in exchange for a fair discount.
InvoiceNow processes the early payment-requests fully automated, independent whether the payment is done using the surplus cash of the buyer or funded by a third-party (Supply Chain Financing).
Savings will exceed investments – from the first transaction onwards And the best is: While there are no costs for the supplier, the costs for the buyer are directly linked to the adoption-rate by the suppliers, effectively leading to savings which exceed the costs from the first transaction onwards.