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Invoice Visibility

Foster trust and improve supplier engagement with Invoice Visibility.

 

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Invoice Dashboard
  • BAE Systems
  • AutoNation
  • Heineken
  • Unilever
  • Lenovo
  • Sonova

Invoice Visibility

The HICX Supplier Experience Portal provides visibility into the status and details of their invoices. It empowers suppliers by providing them with information about their invoices, facilitating better communication and collaboration.


Here are some key features and benefits:

  1. Enhanced Transparency: Enables suppliers to proactively manage their receivables.
  2. Improved Accuracy and Efficiency: Automation ensures accurate data capture, reduces discrepancies, and streamlines the overall invoicing workflow.
  3. Improved Cash Flow Management: Tracking the invoice status provides payment predictability and the financial certainty to improve pricing.
  4. Stronger Relationships: This level of visibility and responsiveness improves supplier adoption of systems.

“The opportunities that come from the consolidation and enhancement of data can have a healthy business impact.”

Greg Brown, Head of Procurement Directorate

Reduce inquiries and disputes

By providing suppliers with access to their own invoices, they can review and verify the accuracy of the information, reducing the likelihood of disputes or inquiries.

Improve Openess

Transparency in the invoicing process can help to build trust and open lines of communication between buyers and suppliers. Suppliers can see the status of their invoices, and buyers can communicate any issues or delays in payment, which can help to improve relationships.

Become Customer of Choice

Suppliers can analyze payment trends, identify bottlenecks in the invoicing process, and optimize their operations accordingly. This data-driven approach helps suppliers make strategic decisions that improve their overall financial performance.

Key capabilities

The system integrates seamlessly with existing ERP (Enterprise Resource Planning) or other financial systems. This integration consolidates data between systems, eliminates duplicate data entry, and improves overall efficiency.

The system automates the workflow, ensuring that tasks are routed to the appropriate individuals or departments for review and approval. Suppliers can raise disputes or discrepancies directly within the system, and the appropriate stakeholders can collaborate to resolve the issues quickly.

Suppliers need to be able to easily access and view their invoices, regardless of their location or device. Therefore, it is important to have a user-friendly supplier portal in place that allows suppliers to access their invoices anytime, anywhere.

Suppliers need to be able to communicate any issues or concerns related to their invoices, and receive prompt and responsive support. Therefore, it is important to have a clear communication channel in place to ensure that suppliers can reach out for assistance when needed.

Why HICX for Invoice Visibility

User friendliness

A user-friendly interface encourages greater user engagement and participation. If the system is difficult to navigate or understand, users may become frustrated or disinterested, leading to lower adoption rates and less accurate data input.

Improved supplier experiences

Improving the supplier experience is crucial for ensuring data accuracy and completeness, fostering collaboration and cooperation, simplifying the reporting process, increasing supplier engagement and buy-in, and promoting transparency and accountability throughout the supply chain.

Master Data Managment (MDM)

Master Data Management (MDM) plays a crucial role in an invoice visibility system by ensuring the accuracy, consistency, and integrity of the data. MDM helps organizations maintain a single, trusted source of invoice data across various systems and departments, enabling better visibility and control over invoicing processes.

Supplier domain specialists

We're 100% focused on solutions to help enterprises and their suppliers work better together. Book a demo and see how our supplier master data management software could work for you.

More ways to use HICX

See how the Supplier Experience Management Platform can put your suppliers at the heart of your digital transformation.

Product overview
Supplier Onboarding
Supplier Experience Management Software
Supplier Master Data Management Software
Supplier Risk Management Software
Supplier Compliance Management
Supplier Performance Management Software
Carbon Emissions Tracking
Purchase Order Visibility
Invoice Visibility
Supplier Data Consolidation

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Key topics
Supplier Experience Management The Benefits of Best-of-Breed Solutions Considering the Suppliers’ Perspective New Age of Procurement: Supplier Marketing