The lack of electronic invoice reconciliation in the procure-to-pay process can negatively impact e-procurement efforts and cause supplier relationships to suffer. Paper invoices and associated reconciliation processes are responsible for extended settlement cycles that can delay payments to your carrier, preventing you from capturing all possible discounts. Without an opportunity for real-time collaboration, your carriers don't learn about payment status until they receive a check in the mail.

By shifting from paper to an electronic invoice process, organizations can reduce their financial settlement costs by more than 50% while greatly enhancing visibility and control for regulatory compliance. With the eShipGlobal Invoice Management solution, companies receive complete services for managing invoices electronically, thereby accelerating carrier payment to proactively capture early payment discount opportunities.

How it works: purpose-designed for global, delivered over the Web

As a hosted, Web-based solution, eShipGlobal Invoice Management is an integral part of the eShipGlobal transportation management suite, helping companies gain complete visibility and traceability into the entire order-to-pay workflow process to improve negotiation leverage via prompt payment, prevent overcharging and duplicate payments, prevent regulatory backlash, and effectively manage cash flow.

Below is a table shows the cost of processing an invoice and how the eShipGlobal solution helps to reduce processing cost.