WRITTEN BY SUZANNE GLORIE

INTEGRATION

P13

Innovative, end-to-end E-Invoice & EDI solutions

Enables Huge Efficiency

owadays, millions of orders and invoices are exchanged electronically without interference of man, paper, fax or email. Where EDI used to be for automating primary flows of goods it is now more and more used for optimizing the entire purchasing process. Every transaction leads to an invoice and processing these is an expensive and labour intensive task. By combining E-Invoicing and EDI in an end-to-end solution you will be able to electronically receive and process 100% of your incoming invoices. In order to achieve efficient, intelligent invoice processing the following 3 elements are of great importance: - Connecting suppliers and automated data entry and validation - Support of both cost- and goods related invoices

- Workflow and integration with back-office systems

CONNECTING SUPPLIERS, AUTOMATED DATA ENTRY AND VALIDATION

There are 3 possible ways for suppliers to present their invoices: 1.  Delivery of invoices in electronic format (Edifact/XML/UBL, etc.) 2. Online via the Digital Portal 3. P  aper invoice arrives per regular mail and is digitalized via OCR technique

and presented to the appropriate person via workflow. Those responsible for the ordering and invoicing process have real time insight in the status of an invoice including the complete audit trail, tracking & tracing and the invoice archives.

The partnership between TIE Kinetix and Medius has led to a solution that achieves spectacular results in terms of efficiency and costreduction.

WORKFLOW & BACK OFFICE INTEGRATION

It takes a lot of time to manually send around invoices in an organization for review and approval. Automated workflow integration helps to optimize and control this process. Based on predefined rules, the correct employee receives invoices for approval and is able to carry out the complete approval and handling process through a few simple actions. Thanks to the integration of all back office systems, workflow approval and validation, an invoice can easily work its way through the organization quickly, efficiently and error free. The TIE Kinetix and Medius end-to-end solution offers a great chance to digitally process your supplier invoices 100% while improving efficiency and lowering cost.

SUPPORT FOR BOTH COST AND GOODS RELATED INVOICES

Processing invoices, comparing purchase orders and reviewing receipts are time-consuming tasks. Automation saves time and reduces errors. By matching invoice data automatically at line item level, manual work can drastically be reduced while the process is accelerated. Invoices without deviations are processed automatically. Invoices with deviations are marked for analysis