Manage and Automate the Entire Accounts Payable (AP) Process
The Cloud Platform that Allows you to Manage, Automate, and Optimize the Entire Accounts Payable (AP) Process
How does Invoway work?
Automated Receiving and Validation
Invoway performs a real-time verification process, preventing the submission of invoices that do not meet all the requirements.
Management of the entire approval or rejection workflow of an invoice based on a decision pyramid established with the client.
Integration with ERP and Accounting
Invoway integrates with ERP and document management systems to ensure the flow of information in the accounting process.
Invoice Reception Events
Invoway automatically generates all events associated with the invoice reception and acceptance process.
Invoway can Receive and Manage Accounts Payable (AP) from Various Types and Through Different Channels
Such as invoices, credit notes, and debit notes received in the electronic document reception inbox.
Such as non-electronic invoices, foreign invoices, bills of sale, advance payment requests, etc.
1 Automatic Reception and Validation of Invoices
Invoway validates legal requirements and the DIAN’s ‘ApplicationResponse.’ It automates commercial and business validations with its rule engine, allowing the configuration of automatic validation scenarios based on criteria such as:
- Document type
- Supplier group
- Order type
- Business area
Validation scenarios of the Three-Way Match (3WM) type can be implemented.
Learn more about electronic invoices.
Once the invoice is verified and registered, it is common for it to go through an approval process or workflow, in which one or multiple responsible parties approve its passage to accounting.
- Invoway has a comprehensive Invoice Approval Workflow Module integrated into the solution.
- It can be integrated with other approval solutions (e.g., SAP)
3 Integration with ERP and Accounting
Invoway enables bidirectional integration with your ERP. It comes with native connectors for widely used ERPs such as:
- SAP ECC
- S/4 HANA
- Dynamics 365
- Business Central
- among others.
It also features an Integration Toolkit allowing integration with any ERP, based on APIs and/or asynchronous exchange via SFTP.
Automatic Integration of Invoices between Invoway and SAP
Once the invoice is approved, it is automatically uploaded to SAP for accounting.
Automate, Optimize, Reduce Costs, and Improve your Relationship with Suppliers
With Invoway, financial departments are now able to manage accounts payable processes quickly, efficiently, and effectively, optimizing resources and ensuring regulatory compliance.
Reduce hidden costs and maximize efficiency in resource management.
Save time in the closing cycle, automate, and simplify your acquisition processes.
Eliminate errors in supplier payments and avoid economic penalties.
Eliminate manual tasks and streamline the delivery of products and services.
Learn More About Invoway's Solution for Suppliers
Invoway also enables, through its Supplier Portal, the management of processes related to documentation, orders, goods, and users.
Learn more about Invoway’s Supplier Portal
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Start Automating your Accounts Payable
Simplify and automate your Accounts Payable processes, save costs, and optimize the operational efficiency of your accounting processes. Discover how Invoway can help your company today.