INVOICEIT
A control centre and workflow for all invoices entering your Oracle E-Business Suite system
INVOICEIT enables automated invoice processing within Oracle E-Business Suite. The software gives you full control of all the supplier invoices you have received, for example:
- Where they are in the process
- Who has a specific invoice
- What is holding the process up
- How many days invoices have been pending
INVOICEIT automatically matches PO-invoices with their purchase orders - even on line level. If the match is complete (ReadSoft supports 2, 3 and 4-way matches in Oracle) the supplier invoice is automatically posted, accounted for and made ready for payment.
Non-PO invoices, or PO-invoices with errors, are sent for approval in INVOICEIT’s electronic workflow.
INVOICEIT is the only software product which offers certified, end-to-end accounts payable processing within Oracle E-Business Suite.
Seven unique reasons to choose INVOICEIT:
- A complete solution
ReadSoft offers end-to-end support for the entire accounts payable process (and many steps can be completely automated). - Certified by Oracle
Oracle ensures that INVOICEIT works seamlessly with Oracle E-Business Suite. - 100% financial data integrity
All data is stored inside Oracle E-Business Suite – no risk of duplicating or losing invoices. - SOX compliance
Better overview of your invoice flow makes it easier to comply with legislation such as the Sarbanes-Oxley Act. - Adjusts to your processes
INVOICEIT is a ready-to-use solution which is simply pre-configured according to your unique business processes.No integration development is needed since it is embedded into Oracle E-Business Suite. - A light IT project
INVOICEIT is quickly implemented. No changes are needed in your existing Oracle system. - Smooth changeover
Users work in their familiar Oracle environment and will benefit from faster and less cumbersome invoice handling.
Suitable for you if:
You are an Oracle E-Business Suite user who wants to automate your invoice processing.
With INVOICEIT, you will:
Get faster invoice approval
A faster invoice approval process enables discounts and avoids interest bills.
Enable 100% secure approval
Reduces the risk of paying fraudulent invoices.
Get a complete audit trail
The Oracle workflow documents every step of the process.
Get a real time overview of the workflow
See where invoices are in the process and who is responsible for the next action.
Technical Capabilities
- Invoice information and the corresponding invoice image are always available via the standard “Attachment” button in the Oracle AP module.
- The standard Oracle Workflow manages everything and provides a graphical overview to pinpoint specific supplier invoices in the process.
- All data remains in Oracle E-Business Suite
- Existing E-Business Suite rules and functions are used
- Account rules provided by General Ledger
- PO/HR hierarchies are available
- Awareness and use of both accounting and descriptive flex fields
- 100% based on Oracle
- No integration to maintain
- No effect whatsoever on your existing E-Business Suite and no effect at all on the Oracle support nor on your ability to upgrade.
Business system integration
INVOICEIT is a part of ReadSoft’s invoice processing solution for Oracle E-Business Suite which works seamlessly inside the Oracle ERP system.