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e-Invoicing and Payment

Finance

UpNet's e-Invoicing and payment solution processes invoices and makes electronic payments; ensuring the right information, at the right interval, with the right security. Through the combination of automation and simplified business processes you can replace inefficient manual approaches, ultimately eliminating data problems and increasing your accuracy.

Starting with the creation and submission of the invoice, the e-Invoicing solution enabled by the iEDeX™ platform introduces a secure channel for the flow of invoicing, payment, and remittance information. After the buyer accepts and approves the invoice, an EFT transfer is initiated allowing the financial settlement of the transaction. Supporting remittance advice is sent via fax, e-mail, or electronic methods.

Values

  • Elimination of paper invoices and paper checks
  • Ensures fast, accurate, electronic payments
  • Minimizes potential exposure of financial information
  • Eliminates inaccuracies and payment discrepancies
  • Removes costs associated with manual invoicing process
  • Focus on the business, instead of problem resolution

Features

  • Automates data entry for accounts receivables and payables
  • Integrates payments with your accounting system
  • Automated electronic invoicing
  • Electronic remittance advice
  • Secure communication channel