Celtrino Accounts Payable
Celtrino’s TradeHub Accounts Payable (AP) Service validates and matches supplier invoices against a customer’s selected criteria
This criteria may include price and quantity information on a goods received note, for example.
If an invoice does not match the criteria set, it will be automatically rejected. As a result of this, the Supplier is notified of the issue – allowing them to amend the invoice to meet the expected values.
The buyer can also choose to override the failure, however, and accept the discrepancy. They can set ‘tolerances’ to accept a value above or below the invoice price that is deemed acceptable.
With the AP Service, invoices only enter the buyer’s back office systems when they have passed through validation. As a result, this ensures that only clean data enters into their system.
- Real-time validation and reconciliation of invoices
- A means of eliminating the need to manually track, trace and store paper invoices
- A way to remove the back and forth between suppliers and buyers, in an attempt to determine reasons for any invoice discrepancies. The system allows suppliers to identify and correct their mistakes more easily.
- Visibility to the supplier as to the stage the invoice is at in the process and why it may have been rejected.
- Visibility to the customer on invoices that have outstanding errors for the supplier to address, and also what invoices they have yet to receive.