Almost every organization has an accounts payable (AP) department. AP represents a liability for a product or service that has been delivered, but payment has not been made. It is often linked to the issuance of a purchase order and proof of delivery to trigger payment. It is tied to cash management and overall costs as payment terms are typically a component of the AP process.

IQInvoice is the only supplier & expense payments management solution to automate all phases of the payment lifecycle in one unified platform. IQInvoice makes it painless for finance departments to pay any supplier in a range of payment methods while ensuring all tax and regulatory requirements are met and enhancing the partner payment experience. Fast-growing companies use IQInvoice to eliminate up to 80% of their spent management workload, so they can scale their business rapidly and efficiently with global growth.

PROBLEMS WE SOLVE

Limited control and visibility of process
Vendor and AP staff dissatisfaction
Missed vendor discounts and late penalties
Long reconciliation and payment cycles
Inaccurate and lengthy closes
Duplicate payments

IQINVOICE PLATFORM CAPABILITIES

Segregation of Duties
Collaboration
Smart AP Processing
Intuitive Dashboard
Payment Agnostic
Fast Implementation
Streamline approval workflow
Integrate ERP & Internal systems
Transform payment processes
Expediting Vendor Onboarding
Optimise working capital

Advantage of IQInvoice across specific user groups

Senior Management	Finance Department	End-user
Risk mitigation	Real time data	Better AP information
Higher levels of financial transparency	Improved cash management	Improved access to AP data
Increased cost efficiency	Fewer errors	Less time spent on low value tasks

IQ Invoice

by Infomation Quotient Software Services Pvt Ltd