VI+ is your central repository of collection of suppliers’ invoices & facilitates validation for processing these invoices for payment.
By digitizing the invoice collection and processing workflow & simplifying three ways matching of invoices for further processing them for payment, VI+ increases agility, ensures visibility and allow you to meet compliance standards effortlessly.
VI+ can seamlessly integrate with your ERP to ensure complete visibility to buyers and suppliers of the status of every invoice & its payment.
Key Advantages Of VI+
Centralized collection of suppliers’ invoices to minimize chances of missing out any invoices
Timely processing of invoices for payment and thereby increasing supplier satisfaction
Minimizes inter department coordination
Reduces the risk of overpayment and fraud
The more paper you handle, the more your invoice management processes are rife with costs, errors, and exceptions. And there’s no easy way to link them to POs, contracts, and goods receipts to help ensure compliance. By digitizing these labour- intensive tasks, your AP staff can focus on strategic activities that help improve your bottom line.
VI+ is a cloud-based invoice management solution which automates the receipt, processing, and payment of invoices. The solution enforces compliance by making it easy to match invoices to POs, contracts, and goods receipts. With faster Invoice Approval with Improved accuracy VI+ can shrink the invoice approval cycle from months to a few days by electronically routing invoices. Once payments are executed, VENDX Payment Register links the invoices received in VI+ to the payments to remittance advice, so your suppliers can easily reconcile their payments.
The solution lets you easily match PO invoices for nearly touchless invoice processing. POs that originate in your ERP software or other order management system are consumed by VI+ along with the related invoices. This helps create an efficient invoice reconciliation process. You and your suppliers have instant insight into the status of invoices and payments, eliminating the need to field supplier calls, once payments are executed.
VENDX Solutions
Accelerate Your Digital Transformation
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VENDX e-Sourcing Suite is the most powerful digital platform to drive the best buying decisions.
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Payment Register
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Securely exchange data with your legacy system effortlessly
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VI+ AP Solution
Opti-VIVe app enables the automation and processing of inbound invoices
Cloud Procurement Solutions
An efficient cloud procurement system