How Does eInvoicing Work?

eInvoicing for a hassle-free financial settlement. With ELCOM eInvoicing solution, all suppliers, no matter how big or small, can now send electronic invoices to buyers for a hassle-free financial settlement. In particular, eInvoicing solution enables you to receive electronic invoices in any format, from anywhere in the world, whilst complying with regional and industry standards and regulations. The process is simple, straightforward and 100% secure, with specially developed Plug-In technology that means no changes are needed on your side!

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Benefits For Buyers

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  • Reduced costs.

  • Real time data delivery.

  • Enhanced payment cycle.

  • Increased visibility and control.

  • Reduced carbon footprint.

  • Enhanced trading relationship.

  • Advanced shipping notifications.

  • Integration to invoice processing application.

  • Accessible to all Suppliers.

  • No change required.

  • Fast and high supplier adoption.

Benefits For Suppliers

  • Free for supplier to use.

  • Reduced costs

  • Increased visibility, transparency and control.

  • Increased processing efficiency.

  • Increase in on-time payments from buyers.

  • Reduced carbon footprint.

  • Reduced invoice disputes.

  • No changes required.

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Other eInvoicing Features

The Features at Your Disposal Are 100% Adaptable

With ELCOM’s eInvocing solution, there is no need for any changes. We adapt our technology to your business needs. Depending on your requirements, we offer a number of Plug-and-Play features to choose from, including:

  • eSettlement & Matching Streamlined Workflow modules enable document reconciliation and integration with eProcurement and/or ERP. This allows you to: Automate your accounts payable process for the streamlining of exception handling, Import purchase orders from any 3rd party Finance or eProcurement system, Set approval rules and create alerts/ To-Do lists for any invoices that do not match, using our powerful workflow engine to send these to the correct staff for further analysis and/or approval.

  • Settlement & Data Validation reconciles and integrates all invoices with our eProcurement and/or our ERP/ finance system automatically.

  • Format Conversion allows you to convert an invoice in any format into any electronic copy for automated settlement and integration.

  • Xchange Easy Exchanges allows you to exchange documents through our eDelivery Hub for buyers and suppliers through our PEPPOL Access Point (for an EU format), as well as email and CXML Access Points.

Two Decades Developing eProcurement Tailored Solutions

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eProcurement Case Study

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eInvoicing Case Study

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