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Electronic Invoice Processing
and Expense Management
The P2D system allows organisations receiving large numbers of purchase invoices (typically over 500-1,000 invoices/month) to drastically reduce the cost of running their payments department and improve the efficiency by using scanning techniques. Alongside this, P2D can run your expenses management process and is the only company currently offering such a service?
The award-winning P2D technology is the only solution of its kind in the world. It is a revolutionary concept that combines state-of-the-art electronic trading and document scanning technologies.
There is no need for any company, either large or small, to invest heavily in an internal invoice processing system.
The P2D system is a fully-managed service which, through economies of scale, delivers a suite of highly sophisticated invoice processing solutions at an incredibly low transactional cost. Crucially, the P2D system offers electronic invoicing and OCR scanning as an integrated solution, capable of providing 100% automated invoice processing.
With the P2D system, buyers can select from a range of ancilliary modules such as bespoke approvals, workflows and purchase order matching, and suppliers are offered a variety of ways to send invoices electronically to suit their system, size and capabilities.
Features & Benefits
- No upfront costs or investment spend: the initial integration and implementation is free of charge.
- Volume based pricing model, processing for less than the cost of a postage stamp
- Immediate cost savings – reductions of up to 75%
- No need for onsite hardware, software or integration activity so negligible impact on internal IT resource
- Rapid deployment (typically less than 2 months)
- Fully hosted system allowing easy access from multiple locations
- Archival of purchase invoices eliminating the need for a separate document management system
- Online approvals workflow (optional) speeding up the whole process
- High level built-in security allowing variable access depending on clearance
- Automated purchase order/invoice/delivery note matching capabilities before receipt of the invoice (optional)
- Capability to send/receive other documents like purchase orders and remittance advices electronically (optional)
- Online portal available for suppliers so no more phone calls to enquire when payment will be made
- Full audit trail
- Approved by HM Customs and Excise
