UpsideBilling automates verification of invoices and bills , as well as the processes for finding errors, exceptions, and special conditions; then dynamically determines the workflow required for each document and/or line item. The automated inspection of invoices commonly includes confirmation of quantities, price, timing, billing terms, etc. based on a contract.
In addition to validation of invoices, UpsideBilling can generate automatic payments in response to un-invoiced events or milestones under a contract.
In support of sell-side business, UpsideBilling can be used to automate the creation of outgoing invoices and bills based on contracted activities.
Approved invoices and bills (those that pass automated inspection, have been manually approved, or that have been generated by the system) are passed to the appropriate system(s) (e.g., ERP) for continued processing, either for payment (for incoming invoices) or for distribution (for outgoing bills).
A secure external vendor portal allows suppliers to enter and submit invoices resulting in a faster turnaround time for invoice processing, while reducing overall cost of ownership.
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