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OnDemand AP®
Paper Invoices a Thing of the Past
Most accounts payable (AP) departments struggle with paper-based invoice processes that are slow, inaccurate and inefficient. GHX OnDemand AP® can deliver up to 100 percent of your invoices electronically, leading to lower costs, improved efficiency and faster processing. You can save up to $4.00 per invoice through automation, increase your AP department’s productivity by 50 to 75 percent and reduce invoice processing time to less than five days.
Unsurpassed visibility and control with bottom-line savings
OnDemand AP can automate the invoicing process, including invoice receipt, document image and data capture, purchase order matching, electronic archive, and workflow management. You can easily track, route and approve invoices with full visibility and an audit trail of edits and approvals. What’s more, OnDemand AP drives hard-dollar savings through improved contract compliance and helps you capitalize on early-pay discounts.
Features
- Electronic invoice receipt
- Single channel for all invoice processing—electronic data interchange (EDI) and converted paper
- Rules-based workflow design
- Visibility into and reporting on exceptions and liabilities
- Three-way matching against purchase order and delivery confirmation
Benefits
- Achieve up to 100 percent electronic invoicing
- Lower invoice processing costs and cycle times
- Improve internal controls and productivity
- Reduce exceptions and discrepancies
- Exploit early payment discounts and avoid late payment fees
OnDemand AP
Making the move to frictionless AP processing helps improve cash management and frees up working capital. Not only do fewer touch points mean fewer errors and exceptions, but this invoice automation solution supports strategic goals to reduce costs and improve productivity by going paperless.
