B2BE’s Accounts Payable solution is designed to streamline and automate the final step in the Purchase to Pay (P2P) process. It ensures suppliers are paid correctly and on time, whether through three-way matching, two-way matching, or managing expense invoices. The solution provides full control, visibility, and auditability across the accounts payable workflow.

Features

• Three-way and two-way matching: Supports credit or debit processes with automated rule application.
• Pre-matching validation: Automatically detects and handles invoice issues like incorrect PO numbers or missing details.
• AI matching: Intelligent invoice matching using configurable rules to improve match rates and reduce manual effort.
• Automated processing and exception coding: Invoices are coded at header and line levels, with granular issue management.
• Rules-based invoice management: Digitizes and automates supplier invoices regardless of format.
• Query management: Enables invoice and document queries between stores, suppliers, and internal teams with full history tracking.
• Supplier and organizational visibility: Provides real-time visibility into invoice status for all stakeholders.

Benefits

• High line match rates: Ensures accurate payments and enables settlement discounts while avoiding late fees.
• Highly automated: Reduces manual processing and allows teams to focus only on exceptions.
• Manage by exception: Staff only intervene when invoices cannot be matched or require approval.
• Improved supplier relationships: Reduces queries and builds trust through efficient processing.
• Enhanced audit and control: Maintains a complete audit trail for compliance and reporting.