Provide your vendors with self-service tools to answer invoice and payment status questions and automatically reconcile their statements
InvoiceInfo Inquiry Self-Service
This module saves thousands of hours of valuable staff time by allowing vendors to look up invoice payment status instantly online, 24/7, without time-consuming emails or phone calls. Operation is simple, so staff and vendors adopt easily and quickly. Your staff will appreciate focusing on higher-value tasks. Your suppliers will value the ability to get cash-flow answers fast.
Choose only the invoice self-query features that fit your needs
- Vendor self-service portal enables vendors to get answers to invoice inquiries instantly online—24/7
- Customized so suppliers see only fields to which you allow access
- Vendors can upload their invoices themselves
- Simple log-in, simple to use: Helps ensure vendor adoption
- Usage metrics reporting—helps you track and measure ROI
- Statement reconciliation—allows suppliers to compare their account records with yours
- Easily add additional capabilities as your needs change
8 reasons to choose InvoiceInfo for your supplier self-service solution
Click on each of these reasons to get more specific details on why these solutions are right for your organization.
Stop Calls and Emails, Enhance Service and Increase Profit!
InvoiceInfo saves labor hours and cost by helping suppliers and internal staff easily and instantly get answers online to their invoice-payment questions. If you are like many finance leaders today, you are being challenged to reduce costs more quickly. InvoiceInfo delivers real bottom-line results almost immediately, allowing you to deploy your customer service staff to focus on more productive, bottom-line oriented tasks. Let us show you how InvoiceInfo’s vendor self-service portal can help your organization eliminate invoice inquiry emails and calls while enhancing service to your accounts payable customers.
Get Up and Running Quickly and Seamlessly
Improve Productivity with a Self-Service Solution
For most organizations, deploying a technology solution is a significant investment, and like most investments, the decision point ultimately comes down to the expected return on that investment. According to a recent benchmark study by The Accounts Payable Network, 60% of AP customer service calls are from vendors while 40% are from internal customers. Vendor issues actually make up even more of the AP call volume than the 60% identified. Many times when a vendor has an issue, the vendor contacts their buyer or purchasing representative, who in turn contacts AP. Even though the call comes from an internal customer, the question originated with the vendor. Vendor calls affect productivity in your organization exponentially. When vendors call the requisitioner, they are affecting that person’s productivity. Your internal customer’s productivity shrinks when fielding the vendor’s call and again when making the follow up call to AP and getting back to the vendor. Finally, AP’s productivity suffers as a result of the internal customer’s call, the payment status research and the follow-up communication. With a minimal investment of IT time and talent, you can start reducing customer service calls and expense in a matter of weeks. In addition, you improve vendor relations since you are giving your vendors what they want — answers to their questions immediately — a win-win for everyone involved!
Enhance Vendor Relationships
InvoiceInfo helps suppliers’ AR departments with simple and convenient access to invoice payment status online at a cost savings for all involved. It may seem that the organization paying the vendor should hold all the cards in the relationship. But sometimes the opposite is true. Past-due payments and customer service perceptions can harm supplier relationships and disrupt the supply chain. Your vendors and vendor relationship managers are living in a dynamic, fast-paced environment, so when invoice information is required, it is needed quickly and expected to be of high quality. With InvoiceInfo, your suppliers get answers to invoice inquiries real time, 24/7 with no need to leave messages and wait for responses. Studies show that confidence in data increases when suppliers access invoice and payment information themselves.
Enhance AP’s Role As a Strategic Partner
Learn how InvoiceInfo can help AP do more with less while continuously improving productivity and bottom-line results. Many automation technologies such as scanning, workflow, e-invoicing, ACH and electronic invoicing require significant investments of money, time and talent, making it difficult to get buy-in from upper management. Not InvoiceInfo! If your goal for your AP department is to reduce costs quickly, call or email us today to learn more about how InvoiceInfo can help you achieve this goal through a quick, inexpensive and easy implementation of a vendor self-service portal.
Easy and Economical Solution to Serve Vendors Around the World
InvoiceInfo can help you provide best-in-class customer service to your vendors around the world at a fraction of the cost. Many organizations today have offices and operations throughout the world and are dealing with many time zones, different languages, and in some cases multiple ERP systems. InvoiceInfo currently supports different languages and can easily work with multiple ERP systems in different locations. The key to good customer service is to provide the information that the customer wants when they want it. Whether your customer is a vendor waiting for a payment or a colleague that needs information on payment status, they want their information right away. If your organization has vendors and offices in other countries, they can be challenging and expensive to serve. But, with InvoiceInfo, your international vendors and internal customers can access the information they need when they need it. With InvoiceInfo, you won’t have to staff your customer service team with 24-hour coverage in multiple languages to provide high-quality customer service around the world.
Give Procurement and Buyers the Tool They Need to Respond to Vendors Quickly
Not only can InvoiceInfo be used by suppliers to learn the status of invoice payments, it can also be used internally within your organization. In addition to reducing calls from vendors regarding invoice status, you can also reduce internal emails and calls from co-workers wanting to learn the status of invoice payment, and save time and effort and boost efficiency and productivity across the organization. Studies show that 40% of AP customer service calls are from internal customers. Many of these are from requisitioners who have received calls or emails from the supplier checking on payment status. These calls are often more expensive for the company because the internal staff member has taken the call or received an email from the supplier, contacted AP for the payment status and had to return the call or email the supplier. By providing the vendor with a convenient and credible online option to get the answers it needs regarding payment status, you can eliminate multiple calls/emails between the vendor and the requisitioner saving time and money.
Eliminate Difficult Vendor Calls and See Productivity and Staff Morale Soar
Reduce invoice payment inquiries and “promote” your vendor service team to more satisfying and profit-producing tasks. By sharply reducing inbound calls and emails regarding receipt and payment status that your AP staff must handle individually, your staff can focus their efforts on more productive, cost-saving activities, learn new tasks, feel more confident and boost their careers. According to a recent American Express survey on customer service, more than one-third of consumers have lost their temper with a customer service professional in the past year. Of those who lost their temper, three in ten “hung up the phone.” Your staff will no longer have to deal with difficult collectors who can be upsetting and disruptive. Your staff will feel that their time and talents are being put to better use and will feel better about themselves, their jobs and their organization. Reducing these calls can be a real productivity and morale booster for your AP department!