Eliminate invoicing complexity, strengthen supplier relationships, and drive higher savings with SMART by GEP invoice management. SMART by GEP intelligently automates invoice handling processes including validation, matching and reconciliation to deliver next-gen invoice management.
Enterprises can digitize existing paper invoices and feed them into the system. Suppliers can submit invoices through EDI connections or by using the SMART by GEP supplier portal. And unlike stand-alone invoice management systems, SMART by GEP is a unified source-to-pay platform that stores all your data in one place – from contracts to purchase orders to invoices and payments. This enables automatic capture of payment terms, improves cash flow and drives additional saving for the business through early payment discounts. The platform also helps procurement teams capitalize on dynamic discounting opportunities.
With SMART by GEP invoice management, enterprise procurement teams can improve cycle times, reduce paperwork and gain enterprise-wide visibility into outstanding payments. It reduces the burden on Accounts Payable and Finance teams – leaving only true exceptions requiring manual processing.
At each and every step through the invoicing lifecycle, SMART by GEP creates a robust audit trail, recording all relevant data to smooth the execution of audit processes and to ensure global invoicing compliance.