Invoice Approval System - Simplifying Multilocation offices

 Invoice Approval  system is an invoice management and processing solution run by an electronic workflow, which replaces paper-based invoice approval. It allows for the easy storage, tracking, editing and approval of all invoices in a single web interface.

Let’s understand how it works following are the steps in the process:

• Invoices are scanned and saved into an electronic data storage system.

• The software generates an individual workflow for each invoice.

• You / your manager process the invoice by keying invoice reference, invoice date, payment due date, and other details into the computer system.

• You review the processed invoice.

 • Subject to the approval (or otherwise), the invoice will either be paid, or returned with instructions regarding further action.

Invoice Approval system significantly reduces cycle times and costs while optimizing process control and cash flow management. It is very difficult to deal with multiple location offices  and to ensure everyone follows same process. With Invoice Approval  system this is simple and very easy to execute.

Here at Corient, we are a technology-driven company  to automate and reduce manual work, and streamline internal processes, and you gain all advantages without investing anything for technology process maintenance. If you’re interested in learning how we can help your organization benefit from the latest paperless process, call us at (44) 24 76997742

Author: Sachin Lohade is a Chartered Accountant and works with Accounting Firms to improve practice and reduce costs. He can be reached out at sachin@corientbs.com or you can visit www.corientbs.co.uk