• Company
    • Company
    • Why Nexus
    • Become a Partner
  • Company

    • Why Nexus
    • Become a Partner
  • Company
    • Why Nexus
    • Become a Partner
Nexus logo Nexus logo
  • Solutions

Use Nexus Your Way

Automate Payments
_______________
Automate Invoices
_______________
Procure-to-Pay
_______________
See Who Uses Nexus
_______________

For Suppliers

Use NexusConnect to track invoices and get paid.

Learn More
  • Integrations

Integrate With Your Tech

MRI
_______________
Entrata
_______________
Microsoft Dynamics GP
_______________
Oracle JD Edwards
_______________
RealPage
_______________
ResMan
_______________
Sage Intacct
_______________
Yardi
_______________
Other Solutions
_______________

Sync Automatically

Nexus integrates with your system of record.

Learn More
  • Resources

Learn More About Nexus

Resources
_______________
FAQ
_______________
Testimonials
_______________
Get Training
_______________

Business Case

See the time and cost savings of using Nexus software.

Learn More
Contact Us Book a Demo Search
Contact Us
Book a Demo
Nexus logo Nexus logo
Back
Contact Us Book a Demo Search
Contact Us
Book a Demo
Search
Contact Us Book a Demo Search
Contact Us
Book a Demo

  • Solutions

      For Suppliers

      Use NexusConnect to track invoices and get paid.

      Learn More
    • Use Nexus Your Way
      • Automate Payments
        _______________
      • Automate Invoices
        _______________
      • Procure-to-Pay
        _______________
      • See Who Uses Nexus
        _______________
  • Integrations

      Sync Automatically

      Nexus integrates with your system of record.

      Learn More
    • Integrate With Your Tech
      • MRI
        _______________
      • Entrata
        _______________
      • Microsoft Dynamics GP
        _______________
      • Oracle JD Edwards
        _______________
      • RealPage
        _______________
      • ResMan
        _______________
      • Sage Intacct
        _______________
      • Yardi
        _______________
      • Other Solutions
        _______________
  • Resources

      Business Case

      See the time and cost savings of using Nexus software.

      Learn More
    • Learn More About Nexus
    • Resources
      _______________
      FAQ
      _______________
      Testimonials
      _______________
      Get Training
      _______________
  • Company
    • Company
    • Why Nexus
    • Become a Partner
  • Company

    • Why Nexus
    • Become a Partner
  • Company
    • Why Nexus
    • Become a Partner

Contact Us Book a Demo Search
Contact Us
Book a Demo

How Full Automation Streamlines Exceptions Handling

Blog

Jun 7, 2017

If your accounts payable department is overrun with invoice exceptions, you're not alone.

Resolving exceptions is the top pain point for 41 percent of payables departments1. The cost of these exceptions is staggering.

Exceptions occur for a range of reasons, including:

  • Wrong price
  • Wrong quantity
  • Missing tax amount
  • Missing tax identification number
  • No requester name
  • No contact data
  • No contract and/or purchase order
  • Missing purchase order number
  • No order confirmation
  • No shipping notice
  • Net amount exceeds sub-total
  • Invoice total exceeds contracted amount
  • Missing ZIP code in address
  • Incorrect spelling of a company name
  • No matching invoice and purchase order data (a top challenge for 43 percent of accounts payable departments)

More than 17 percent of the typical company’s invoices cause exceptions, Ardent Partners reports.

While some invoice exceptions are inevitable, resolving them doesn’t have to be painful.

Resolving exceptions in a manual or semi-automated environment involves multiple handoffs and manual processes to identify and resolve the cause of the exception, which delays approval cycles. Making matters worse, exceptions can languish on desks or in e-mail boxes awaiting resolution. Manual processes also make it difficult for businesses to identify and address “problem” suppliers.

Full accounts payable automation streamlines and accelerates exceptions resolution.

With a fully automated solution, invoice data is automatically validated at the point of submission, data extraction and invoice matching is automated, invoices requiring exceptions handling are electronically routed to the appropriate individuals based on pre-defined business rules, and information from approved invoices is electronically posted to a GL or ERP system.

Some accounts payable systems also provide the ability for internal stakeholders and suppliers to collaborate online to resolve invoice exceptions (eliminating back-and-forth phone calls and e-mails), field-level validation of data (using information stored in an ERP system), the ability to automatically populate data fields using information from external data sources, and duplicate invoice detection.

Accelerating exceptions resolution with a fully automated system enables businesses to avoid late-payment penalties, capture more early-payment discounts, and strengthen supplier relationships.

1 Institute of Finance and Management
———————————————————————————————————————————————————




Automation reduces procure-to-pay costs

Paper processes increase the cost of purchasing and paying for goods and services in three main ways:

Inefficiency
Lack of control
Lack of visibility

Download this whitepaper to learn why 37 percent of finance practitioners surveyed by Oxford Economics in 2015 reported that their organization planned to deploy automated procure-to-pay or supply chain solutions.


      footer curve

      Solutions

      • Automate Payments
      • Automate Invoices
      • Procure-to-Pay
      • See Who Uses Nexus

      Company

      • About
      • Newsroom
      • Bottomline CSR
      • Transparency in Coverage Rule

      © 2023 Bottomline Technologies, Inc. Privacy