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