New With Syncrofy: Invoice VisibilityBy: Jennifer Tattenbaum | January 28th, 2021
We understand how important invoices are when it comes to the payment processes within your supply chain. Having the ability to match the invoice to the PO and shipment/receiving data for a three-way match is critical to confirming a purchase before making a payment.
And for suppliers who want to ensure their customers are paying on time, the same rule holds true—they won’t pay unless they can achieve that three-way match.
That’s why we’re thrilled to announce that order life cycles within Syncrofy for Supply Chain now offer visibility into your receipts and invoices! This includes one of our most requested features—three-way match between the quantity ordered, quantity shipped/received, and quantity invoiced.
Get the Visibility You Need to Ensure Accurate Payments
The best part of this new feature is the accessibility. You can get all the details on an invoice right within the order lifecycle without having to navigate to the invoice itself.
To access this new functionality, simply click on your desired order from the main Orders screen to navigate to the Order Detail Screen. Then, you’ll see four main tabs: Order Summary, Order Information, Shipments, and Invoices (including the number of invoices). If there are invoices for the order, click on that tab to view detailed information about each one.
This information includes the total dollar amount due for each invoice, billing information, quantity of each product ordered, unit price, and amount. You’ll also be able to see any associated exceptions pertaining to the invoice, their severity, status, assignee, and date.
By having access to this critical information at your fingertips you’ll be able to:
- Improve the rate of automated payment of invoices
- Improve relationships with your suppliers/customers
- Save time and money with accurate, consistent three-way matching
- Promote accountability within your organization
- Find information easier in the future
We’d Love to Hear Your Feedback
We’re excited to release this first look at invoice functionality and look forward to hearing what you think about it! And stay tuned for more developments coming to order lifecycles and invoices later this year.
This is just another way we’re helping you see your supply chain in a whole new light with the visibility you need to ensure you never miss a beat.
To learn more about configuring order lifecycles in Syncrofy, check out our Help site.
Not a subscriber of Syncrofy for Supply Chain? Click here to learn more about the power of Syncrofy for Supply Chain and how it can help you achieve full visibility into your network.
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