Achieve Control & Transparency
- The biggest stumbling blocks to accomplishing control, transparency and meaningful reporting in your purchasing management is the reliance on fragmented systems, paper based invoices, and people based processing.
- The Buy Link system incorporates EDI (Electronic Data Interface) & OCR (Optical Character Recognition) to completely automated invoice processing with the Buy Link BuyCube BI (Business Intelligence technology) reporting to allow user to custom build reports on the fly by dragging & dropping selected data fields.
- Benefits of the Buy Link solution
- control and transparency over you full purchasing cycle
- to be able to process near to 100% of supplier invoices – no manual data entry
- 90-95% reduction in paper invoice processing – environmental impact
- a reduction in physical document storage space required – efficiency gains & cost savings
- archiving of Invoice originals – secure, easily accessible document reference
- a reduction in invoice processing time – take advantage of prompt payment discounts
- up to 25% improvement in labor costs and productivity – efficiency gains and cost savings
- faster invoice payment approvals – reduces the number of days to process an invoice
- no lost invoices – cost & time savings in requesting copy invoices
- no invoices paid twice – cost & efficiency savings
- accurate accruals – reliable reporting
- Seamless workflow integration – work flow efficiency