CogiDocs takes care of the whole processing of inbound invoices from receipt till booking with tight integration of your financial systems.
State of the art services using best of breed technology that provide greater automation, control and insight to your legal obligations. This leads to better control of financial processes and more transparency in your supplier`s behaviour.
P2P control: Improve with automation and CogiDocs365
Unified view of all supplier Invoices Lifecycle and Status
Optimise Straight through processing with automatic exception handling
Improve working Capital control and usage
- Structural reduction of the operating process in the Accounts Payable process
- Flexibility of the cost through the use of a variable rate (pay-per-use).
- No investment in people and technology
- Shorter lead time: Quick to setup and once running strategic suppliers and invoices with a short payment date can be paid on time, and take advantage of rebate or payment terms
CogiDocs365 ensures invoices are accurate, valid and in to process the same day, providing control and visibility for the whole AP lifecycle missing with Manual or Invoice capture only solutions.
P2P VISIBILITY CHALLENGES
Organisational spend & cashflow visibility
The lack on P2P visibility for Finance means inability to track spend against budgets, no clarity in the AP cycle and poor financial forecasting
P2P CONTROL CHALLENGES
Unapproved suppliers, Out-of-policy spend and Missed payment deadlines
The lack on P2P control for Procurement means potential uncontrolled sourcing of goods and services, uncontrolled high spenders in the organisation and late payment to suppliers which impact their relationships and the ability to have better negotiations in the future.
P2P CONTROL CHALLENGES
Uncontrolled goods not invoiced, Uncontrolled matching/approval and Payment inaccuracy
The lack on P2P control for Finance means potential uncontrolled GRNI which in turns can cause high accruals, poor cash-flow management, and payment errors.
CogiDocs365 and Invoice ER provide Validated Clean invoice to remove exception handling and ensure Invoices sent in to the Invoice or AP workflow solution are valid and meet compliance and country regulation.
Why are we different?
We help businesses reduce costs and improve productivity by automating invoice processing and approval and reducing exception handling. We are developing the future together with our customers.