eInvoicing Solutions

While many companies have leveraged technology to reduce cost and improve controls and visibility in their procurement processes, very few have done so in their Accounts Payable processes. Recent studies show that companies that have automated their accounts payable process have typically realized cost savings of 60+%, reduced cycle times by 65%, improved cash flow management, and improved relationships with suppliers.

Why TIE eInvoicing?

TIE has been helping businesses utilize XML/EDI and eCommerce technologies for over 20 years to automate purchasing, billing and shipment processes. This knowledge, when applied to E-invoicing allows companies to eliminate the paper associated with invoice transactions, reduce costs, errors, and cycle times, obtain prompt-pay discounts to significantly lower the cost per invoice processed and better leverage financial resources.

“With the TIE e-Invoice solution we have now made our approval process electronic and it is now available for our budget holders, even when they work from home. Invoices are checked more effectively and faster and can’t disappear under the ‘stack of papers’.”

Jan van Doorn, CFO Intratuin Nederland BV

The TIE eInvoice solution leverages your investment in ERP and EDI assets and provides a rapid invoice management system that integrates with any back office system and gives users complete eCommerce visibility throughout the invoice life cycle.

Key Benefits to the TIE Commerce eInvoicing Solution:

• Electronically exchange invoice-related documents with your suppliers and enjoy straight-through processing to your Accounts Payable system

• Quickly, easily, and cost-effectively on-board your suppliers–the full benefit of e-invoicing can be achieved only with 100% supplier participation

• Reap the benefits that come with automation, including reduced costs, increased accuracy, increased Accounts Payable productivity, improved cash management, and maximized discounts

• Handling of every possible digital format

• Scanning of paper invoices including digitizing the content

• Complete tracking and tracing for detailed analytics

• Document security, storage and archiveing

• Workflow for approval based on roles and procurement per department and/or employee

• Automatic control of rule level based orders and/or shipment error reports

• Preparation of conflict handler with suppliers

• Easily search back invoices based on their content