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Total invoice management

Total invoice management enables organisations to achieve cost efficiency and streamline their invoice payment processes, with an underwritten business benefits case.

Many finance departments still allocate too much time and resource to repetitive, manual invoice processing. Optimising invoice processing is a key step towards liberating the finance back office, freeing staff to focus on more business critical tasks.

The benefits of total invoice management:

Processing paper invoices is estimated to cost between €30 and €50 per document (European Association of Corporate Treasurers).  Logica’s total invoice management is designed to cut these processing costs by up to 70 percent through combining electronic invoice delivery with scanning and OCR to deliver a single stream of validated line item data into your ERP or accounting system.

Total invoice management is ideally suited to large finance shared service centre operations and can deliver the benefits of e-invoicing right from day one, removing paper invoicing and data entry costs.

Our award winning solution frees up the finance function to devote more time to contributing to the strategic direction of the organisation.

Accounts payable staff can be reassigned to higher value account management; associated stationery and related costs plummet, financial reporting times and your carbon footprint all shrink dramatically.

The typical benefits include:

• Cost savings and improved efficiency;
• Speedier VAT recovery;
• Greater accuracy in reporting and forecasting;
• Support for corporate governance initiatives;
• An instant and more accurate view of cash position;
• Reduced carbon footprint;
• Assured invoice delivery;
• Underwritten business case.

Total invoice management is available on a modular basis. The key components are:

• E-invoice delivery (Logica and global OB10 networks),
• Scanning and OCR service,
• ERP optimisation
• Workflow tools,
• Archiving,
• AP Health-check.

How Logica can help you:

Total invoice management can be delivered as a fully outsourced service, as an in-house solution or, if clients prefer, any combination in between. Logica can provide the complete service, from initial accounts payable benchmarking, business benefits analysis through to ongoing operation, including a fully managed transition of your supplier base to e-invoicing through global e-invoice networks.

Integrated systems delivering cost savings:

Available across 70 countries, we already process more than 30 million electronic invoices and scan more than 10 million paper invoices every year.  TIM can be optimised for your ERP or accounting system, to maximise straight through processing. 

Rapid implementation, rapid results:

Implementation is typically complete in three months, and typical payback can be achieved in less than a year. TIM is ideal for (but not limited to) multi-national finance shared service centres seeking to optimise their accounts payable process.

For further information or to conduct a fast, low cost accounts payable health check to identify potential ROI, guaranteed savings and implementation schedule, please contact us via email.