This new award is presented to the GHX supplier customer that has demonstrated the value of automating invoicing and payment processes.
- Must be a GHX eInvoicing and/or Hap-X customer
Note: Nominees are not required to meet all these criteria, nor are they limited to these. This criteria defines the range of accomplishment considered for this award.
- Percentage of payments received electronically
- Percentage of invoices delivered electronically
- Reduced postage expense due to invoices delivered electronically
- Reduced Days Sales Outstanding (DSO) due to electronic invoice delivery and/or payment automation
- Reduce Accounts Receivable staff time on reconciliation, collection and invoice mailing due to electronic invoice delivery and/or payment automation
- Strategic execution – how ePayables and eInvoicing help achieve organizational objectives
Nominations should include supporting documentation whenever possible.