Pitney Bowes eInvoicing Solution Transforms Invoice Processing Function Into Value-Add Proposition

Published 25th April 2008

Pitney Bowes Management Services has added eInvoicing to its established FinanceWorks solution-set, designed to bring efficiency, automation and choice to the invoice processing function.

Invoice processing is a frequent and demanding business requirement. But rather than operating as a drain on time and resources this critical process can be transformed into a service that adds value and delivers significant savings.

Pitney Bowes FinanceWorks provides a dedicated workflow solution built on format consistency, eliminating the system headaches surrounding the typical one-to-many relationship between businesses and suppliers.

The solution is built to accommodate every possibility, whether suppliers are delivering high invoice volumes or low, or whether these invoices are paper-based or delivered digitally.

FinanceWorks’ eInvoicing functionality introduces standardised, digital data streams delivered straight to the relevant department – no matter whether a supplier’s delivery choice is paper, eInvoice or EDI. With invoices in electronic form, workflow and archive solutions can vastly reduce internal costs.

With FinanceWorks in place, suppliers then benefit from the option of converting to electronic invoice delivery (if not already operating this way) – potentially reducing preparation time and eliminating print costs.

Hedley Walker, Director of Mailstream Solutions, Pitney Bowes Management Services, states:

“Making it easier for suppliers to invoice you might seem like a contradictory step towards better business. But improving your accounts payable and outbound invoice processes can deliver immediate operational benefits – both for businesses and their suppliers.

“FinanceWorks means less manual intervention, less chance of error and a digital solution that reduces the accounts payable approval cycle from days to minutes.”