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Removes the need for extra manual data entry as the process is automated for both the supplier and buyer
An estimated 70% savings for a fully automated eInvoice, compared to manually processed paper or PDF invoices
Reducing manual handling and the re-keying of information results in fewer mistakes
eInvoices are easier to track, safer and more secure
eInvoicing is the direct exchange of invoice information between the business systems of buyers and suppliers. eInvoicing is not about sending PDFs through the email system. With eInvoicing, there will be a shift in the way suppliers interact with their vendor and Xcellerate IT solutions provide a holistic method to manage the on-boarding of both traditional (email with attachments and paper-based) and eInvoices in the one platform.
eInvoicing is more efficient, accurate and secure. The Australian Government is committed to delivering eInvoicing. With over 1.2 billion invoices exchanged in Australia annually, savings to the economy are estimated to be $28 billion over 10 years. Benefits of this initiative include:
A single vendor A single vendor for managing all supplier invoices, both traditional and eInvoices
A holistic viewA holistic view of all invoice types within the same platform
Multi-channel onboardingA single, multi-channel onboarding ramp for different invoice formats such as email attachments and EDI
ERP integrationIntegration with your ERP from Tungsten, providing a PDF representation of eInvoice and traditional invoice data
PEPPOL certified Access Point A PEPPOL certified Access Point for receiving eInvoices from your suppliers Access Point provider
Send outbound eInvoices Have your system configured to send eInvoices (outbound) from your finance solution using the same Access Point provider via Xcellerate IT
Fast implementation Fast implementation for current Xcellerate IT customers to become eInvoice enabled in readiness to onboard supplier eInvoices
Join Howard Boretsky (Xcellerate IT), Robin Sands (Link4) and the ATO as we demystify eInvoicing.
Download this ebook to learn how organisations can employ intelligent automation to deliver superior service, keep costs in check and optimise operations.
Cost and efficiency are only part of the story when it comes to understanding where and how organisations prioritise automation.
Director - Strategic Financial Solutions
The solution provided by Xcellerate IT went above and beyond our initial expectations and allowed for the future development. This opened the doors to other financial processes beyond AP, such as payroll and HR forms.
The Xcellerate IT solution has been cost-effective since day one.
Financial Accounting Manager
The Xcellerate IT solution represents one of the best ‘Value for Money’ technology advancements undertaken in recent times by Council.
Staff time savings and increased job satisfaction are significant.
Team Leader Accounts
Invoices are now paid faster and suppliers are therefore happier.
We now spend less time on data entry, searching through paper files and answering internal and external queries. Invoices now come straight to one central point.
Assistant Director Finance
Xcellerate IT was very flexible and provided assistance to ensure the project implementation was achieved on time and below budget.
Finance Manager
The introduction of Xcellerate IT’s solution has revolutionised our accounts payable operations and there is still great potential for further advancement in workflow processing.
Finance & Tax Accountant
Xcellerate IT’s solution has provided quantifiable efficiencies and savings, and the support of our consultant through the whole implementation process was, and continues to be, excellent.
Finance Operations Manager
This is something we never thought possible!
Senior Financial Systems Manager
Financial Services Team
We’ve been a Kofax customer for eleven years …
The product is brilliant, easy to use and incredibly accurate.
This is a fantastic innovation.
