What is GHX Invoice and Payment?

GHX Invoice and Payment is a solution that automates and simplifies invoice, payment, and remittance data processes to help accelerate cash application and reduce days sales outstanding (DSO) and costly fees.

How much can GHX Invoice and Payment reduce DSO?

According to GHX's internal statistics, the GHX Invoice and Payment solution can reduce DSO to an average of 15 days.

What benefits does GHX ePay offer?

GHX ePay offers automated payments and accelerated cash flow, providing a touchless payment solution that helps get you paid faster and reduces costly payment modes. It also offers multiple payment strategies through a single electronic portal with automated, pre-established incentives for prompt payments.

How does electronic invoicing with GHX save money?

Electronic invoicing with GHX digitizes and consolidates 100% of invoices, reducing paper processing and providing greater visibility into disruptions. This can expedite provider payments and reduce days sales outstanding (DSO).

What kind of results have GHX customers experienced?

GHX customers like Boston Scientific have improved their DSO benchmark by 80%. Other customers have reported faster payments and improved cash flow as they add more customers to their payment programs.

GHX Invoice and Payment

Strengthen Cash Flow Predictability

Digitize and automate invoices and payments while gaining AI-powered visibility that helps finance teams reduce friction, improve forecasting and unlock working capital.

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Automation In Order Payment For Cash Flow (1)

Overview

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Testimonial

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GHX Invoice and Payment automates and helps simplify invoice, payment and remittance data processes by aligning clean data, automating invoice and payment workflows, and delivering greater visibility into invoice and payment status. Finance teams gain clearer insight into what is happening across the workflow, where cash may be at risk and how to act sooner. With consolidated visibility, you can accelerate cash application and reduce your DSO and costly fees while your team spends more time focused on customers and growth initiatives. The result: stronger liquidity, improved forecasting accuracy and more resilient financial performance.

day DSO on average

faster approval cycles with digitization and automated exception handling

reconciliation automated

^*Based on GHX internal statistics, industry information, and assumptions based on industry information. Actual customer results may vary and are dependent on a variety of factors, including the level of customer engagement with GHX's payment and invoicing tools. GHX gives no assurance or guarantee that the same results or potential savings will be obtainable or prove to be correct.

DSO Intelligence

Earlier insight for more predictable cash flow

Gain a more trusted, shared view across the invoice-to-payment workflow to improve cash flow visibility, strengthen forecasting and prioritize the actions that matter most.

Powered by connected intelligence that GHX is distinctly positioned to provide, GHX DSO Intelligence helps supplier finance teams understand what's delaying payment, predict payment timing, identify risk earlier, resolve issues faster and improve cash flow predictability.

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Invoicing

Digitize invoices to reduce exceptions and accelerate approval

Manual and misaligned invoice processes introduce delays that extend DSO and weaken forecasting confidence. GHX enables suppliers to digitize all invoices to track across PO and non-PO invoices.

With cleaner data and near real-time insights into invoice status, disputes and credit holds can be reduced — helping invoices move more quickly to payment. Increased visibility into invoice status helps teams focus follow-up where it matters most.

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Payments and Reconciliation

Accelerate payments and improve cash application accuracy

GHX offers the only healthcare-focused e-payment solution that delivers mutual value to you and your customers. This touchless payment solution automates and accelerates payments with more predictability to strengthen liquidity and reduce reliance on costly credit. GHX automates payment workflows and reconciliation to help shorten time-to-cash while improving financial accuracy.

By enabling electronic payments and automating cash application, finance teams reduce manual rework and free resources to focus on higher-value initiatives.

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How much can your organization potentially save?

Calculate estimated savings with GHX Invoice and Payment Solutions by providing the following information.

Estimated Annual Revenue*

What’s your Average Net Term?

Average DSO

Note: the healthcare industry average DSO is 45-60 days.

*Based on US domestic. If you are an international supplier and/or have numbers outside of these ranges, reach out for a customized savings analysis.

Customer Testimonial

Boston Scientific Improved DSO Benchmark by 80%

Brian Burbach, Global Director, Credit and Collections shares best practices for leveraging automation of order-to-cash processes that enable and reward accelerated payment processing for mutual value.

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What Customers Say

“Our Finance team has found that GHX’s payment automation solution allows our customers to pay us faster, which turns that cash flow even quicker. And as we add more customers to our payment program, the better our cash flow situation is.”

Chris Anne Cocanougher, Senior Director, Commercial Operations, LivaNova

Customer Successes, Real Impact

"GHX has done a great job analyzing our entire footprint they looked at our solutions and showed us strategic ways to optimize."

Chris Ann Cocanougher
Senior Director Commercial Operations
LivaNova

Read the Customer Story

Powerful Partnerships Transform Operations and Customer Experience

Solutions Used

Supplier Order Automation

Payment Automation

Vendor Credentialing

We're more efficient at cash collection, freeing up finances for the growth of the business.

Manager, Treasury & Financial Services
Axogen

Read the Customer Story

Axogen Boosts Financial Health and Customer Relationships

Solutions Used

Order Automation for Suppliers

Automated Payments

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Strengthen Cash Flow Predictability

Earlier insight for more predictable cash flow

Digitize invoices to reduce exceptions and accelerate approval

Accelerate payments and improve cash application accuracy

How much can your organization potentially save?

Your Savings Calculation with GHX Invoice and Payment Solutions