b-pack Redefines Invoice Matching with Purchase Order Line Numbering
Technology leader in Purchase-to-Pay software Facilitates Partial Receiving, Partial Billing and Dispute Management
Online PR News – 10-September-2012 – Atlanta, GA – b-pack, the technology leader in Purchase-to-Pay software, today announced that its purchasing and procurement software makes invoice matching easier and more accurate by adding numbers to each line of a purchase order to simplify the identification of lines for partial receiving and partial billing.
This new feature adds a subtable associated with the invoice folder allowing to store lines of invoices. These lines can be entered manually, imported via an Excel file or ReadSoft Online, an invoicing software now integrated into b-pack. This characteristic is able to recover invoice data line by line which allows to match the right purchase order with the invoice and analyze whether the amounts seized are included or not within the tolerance set.
In addition, b-pack can generate automatically lines to fix the gap (HT and / or VAT) but also achieve reconciliation by creating a purchase order. By adding numbers on each line of a PO, b-pack now automatically creates discrepancy for each line when necessary, which dramatically reduces the invoice matching processing time.
”Thanks to the power of our reconciliation engine and its ability to match invoices line by line, our solution simplifies invoice matching in a radical manner.” said Julien Nadaud, CEO and founder of b-pack. “Matching invoices with purchase orders and receipt slips is probably one of the more complex aspects, tedious and often frustrating to electronic invoicing. We are proud to offer an easy way to do 3 way invoice matching to our customers, even for partial billing.“
b-pack, the leader in Purchase-to-Pay technology, is ranked as a Top 5 eProcurement Vendor by Gartner Research in 3 categories. b-pack enables companies to automate, optimize and save on their purchase-to-pay processes. b-pack’s SaaS solutions are Flexible and On Demand, available in the Cloud and easy to plug into your ERP or financial system. With offices in North America and Europe, b-pack has global reach to meet companies management needs.
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