INVOICEIT
A control center and workflow for all invoices entering your Oracle E-Business Suite system
INVOICEIT enables automated invoice processing within Oracle E-Business Suite, release 11I. The software gives you full control of all the supplier invoices you have received:
- Where they are in the process
- Who has a specific invoice
- What you are waiting for
- How many days invoices have been pending
…and so on.
INVOICEIT automatically matches PO-invoices with their purchase orders - even on line level. If the match is complete (we support 2, 3 and 4-way matches in Oracle), the supplier invoice is automatically posted, accounted for, and made ready for payment.
Non-PO invoices, or PO-invoices with errors, are sent for approval in INVOICEIT’s electronic workflow.
INVOICEIT is the only software product which offers certified, end-to-end accounts payable processing within Oracle E-Business Suite.
Seven unique reasons to choose INVOICEIT:
- A complete solution, ReadSoft offers end-to-end support for the entire accounts payable process (and many steps can be completely automated).
- Certified by Oracle
Oracle ensures that INVOICEIT works seamlessly with Oracle E-Business Suite. - 100% Financial data integrity
All data is stored inside Oracle E-Business Suite– no risk of duplicating or losing invoices. - SOX compliance
Better overview of your invoice flow makes it easier to comply with legislation such as the Sarbanes-Oxley Act. - Adjusts to your processes
INVOICEIT is a ready-to-use solution which is simply pre-configured according to your unique business processes. No integration development is needed since it is embedded into Oracle E-Business Suite. - A light IT project
INVOICEIT is quickly implemented. No changes are needed in your existing Oracle system. - Smooth changeover
Users work in their familiar Oracle environment and will benefit from faster and less cumbersome invoice handling.
Suitable for you if:
You are an Oracle E-Business Suite user who wants to automate your invoice processing.
With INVOICEIT, you will:
Have faster invoice approval
A faster invoice approval process enables discounts and avoids interest bills.
Enable 100% secure approval
Reduce the risk of paying fraudulent invoices.
Obtain complete audit trail
The Oracle workflow documents every step of the process.
Have real time overview of the workflow
See where invoices are in the process and who is responsible for the next action.
Technical Capabilities
- Invoice information and the corresponding invoice image are always available via the standard “Attachment” button in the Oracle AP module.
- The standard Oracle Workflow manages everything and provides a graphical overview to pinpoint specific supplier invoices in the process.
- All data remains in Oracle E-Business Suite
- Existing E-Business Suite rules and functions are used
- Account rules provided by General Ledger
- PO/HR hierarchies are available
- Awareness and use of both accounting and descriptive flex fields
- 100% based on Oracle
- No integration to maintain
- No effect whatsoever on your existing E-Business Suite 11I and no effect at all on the Oracle support nor on your ability to upgrade.
Business system integration
INVOICEIT is a part of ReadSoft’s invoice processing solution for Oracle E-Business Suite which works seamlessly inside the Oracle ERP system.