Electronic Invoice Exchange

The Bottomline Business eXchange™ is an interactive online portal enabling buyer organizations to work more collaboratively with suppliers to increase visibility, reduce transaction costs and accelerate the transition from paper to electronic invoicing.

By providing suppliers with the capability to upload invoices directly to the portal or submit them as paper to Bottomline’s Invoice Data Capture Service, buyer organizations can benefit from higher electronic invoicing adoption rates, reduced costs associated with handling supplier inquires and discrepancies, and working capital improvements through the ability to proactively pursue early settlement discounts and supply chain finance opportunities.

Through the electronic exchange of invoices and other related transactional documents, buyer organizations can:

Interact with suppliers online to address inquiries and resolve invoice discrepancies;
Drive supplier migration by offering multiple options for quickly and easily submitting paper and electronic invoices;
Leverage increased visibility into invoice status to proactively propose early settlement discounts with suppliers; and
Work with banks or other financing organizations to extend Days Payables Outstanding and enable suppliers to reduce Days Sales Outstanding, further lowering costs and working capital requirements in the overall supply chain.

By adding optional invoice workflow capabilities, organizations can enhance the efficiency of their AP operations with straight-through processing of validated invoices. This expanded solution offers unprecedented, real-time visibility into transactions flowing through the accounts payable process, while maintaining auditable records on every invoice.

As an invoice progresses through the approval process to payment, relevant information from Bottomline Invoice Manager is uploaded to Bottomline Business eXchange, giving suppliers 24-hour access to invoice status and payment information and significantly reducing the time accounts payable staff must spend responding to supplier inquiries regarding invoice receipt or expected payment date.