Home   |   Sign In
Text Size:
  • Small
  • Medium
  • Large

A Single Master Vendor

“One-time-only vendors can account for 80% of an organisation's purchase-to-pay administrative costs.”

Transactions involving one-time-only vendors (OTOV) and ad-hoc vendors can be costly; often the cost of processing the transaction can actually exceed the cost of goods or services received. This is where Invapay can help. Our fully automated solution significantly reduces your purchase to pay administrative costs by cutting your transactional and reconciliation costs for indirect spend. Invapay enables you to eliminate the long tail and all of the burdens associated with it, allowing you to focus on the business of running your business.

 

Why it works:

  • The Invapay solution integrates with your existing ERP, enabling you to place orders either directly through your ERP or via the Invapay portal
  • The Invapay portal is an intermediary between the buyer and the vendor where the portal acts as a trading and payment portal specialising in trading and communicating with OTOV's and providing an automated order-to-pay process with minimal touch points
  • By using Invapay as your single master vendor you will see a reduction in your transaction and administration costs immediately
  • By allowing the Invapay portal to deal directly with the vendors of your choice, all you have to do is place your order and let us do the rest. We handle it all including paying the vendor within a maximum of five days or to the terms you agree upon
  • When your order has been accepted an invoice is automatically created and upon receipt of goods Invapay will transfer funds from your chosen method of payment back to the vendor on your behalf, significantly reducing your transactional costs
  • By delivering line item detail on each transaction and archiving full transaction details, Invapay also significantly reduces your archiving costs

 

Why Invapay?

  • A single master vendor instead of multiple OTOVs or ad hoc vendors
  • Reduce transaction costs while delivering purchase control
  • Better adherence to purchase policies
  • Reduce processing errors
  • Reduce non-PO transactions and eliminate the extra step of authorisation
  • Receive detailed transaction data
  • Reduce processing errors via electronic transactions
  • Reduce the strain of vendors chasing payment
  • Reduce the risk of costly late payment fees and endangering your credit status with vendors
  • Reduce paperwork and costs associated with administration
  • PO-compliant invoices
  • Improved authorisation efficiency