Do you know how much it costs to manage your accounts payable?
Processing an invoice cost USD 9.25 on average
Including labor, overhead and technology
It takes 10 days on average to process 1 invoice
30% of invoices require no manual intervention
Paying a single vendor cost approximately USD 8.64
22.5% of invoices were flagged as an exception requiring staff intervention
Ratio de excepción de 25.5% en promedio
Automated Invoice and Accounts Payable Receiving and Processing
Automated invoice and accounts payable receipt and processing is a way to simplify accounting processes, moving away from manual, paper-based, error-prone data entry.
Invoway performs automated extraction and verification of invoice data regardless of whether it is an electronic invoice (XML) or a document-formatted invoice (PDF).
Save time and money
How does it work?
Invoway performs the verifications in real time, preventing the filing of invoices that do not meet all the requirements.
Management of the entire approval/rejection flow of an invoice based on Decision Pyramids.
Invoway integrates with ERP and document managers for all information flows.
The supplier submits its invoices through the Supplier Portal. You can track the entire process.
Other solutions
Why choose Invoway
With Invoway, the process of receiving invoices and accounts payable is optimized by 85%. Learn about the benefits and start now the digital transformation in your company.
Integration with your ERP
Invoice Approval Workflow module integrated in the solution or with your ERP.
Avoid penalties
We ensure compliance with the country’s legislation on electronic invoicing.
Monthly savings
With Invoway, the cost of receiving an invoice in Colombia is less than $1 per invoice.
Document Format
The supplier can deliver the same document format that it currently generates.
Processing times
Automatic verifications in real time, preventing the filing of the invoice if it does not meet all the requirements.
Factoring and Confirming
Access to financial tools for early payment of invoices for suppliers.
Shall we continue the conversation?
Let us tell you about the solutions we have for your company