Olympus |
Invoice Management
Enhance invoice
management with
automation, transparency
& customization
Pay all your vendors seamlessly from a single dashboard with complete visibility and a flexible approval flow
3 Easy Steps to
Get Started with EnKash
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Complete KYC Process
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The EnKash way is
the better way
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Automation &
Reconciliation
Approval
Flow
Data Extraction &
Accuracy
Safety
Integration
Manage vendor invoices
with ease, efficiency, and accuracy
Seamless Tech Management
Businesses can easily integrate their existing ERPs like Tally, SAP, and Zoho with the invoice management platform at zero technical cost and negligible efforts
Easy Handling & Transparency
The invoice management is simplified for everyone’s usage and understanding. Smooth interface and easy-to-understand flow with clear visibility and transparency for all the stakeholders
Digital
Invoices
Enterprises can digitize invoices right from their uploading to dispatching. This saves time and effort while reducing the workload
End-to-end Visibility
All the details related to sales and payments can be viewed on a single dashboard, enabling better planning and strategizing for the business
Tracking & Monitoring
With digital invoices, one can easily track and monitor details of each vendor payment making the process more efficient and advanced
Invoice management made easy for
better decision-making
How does it work?
1/4
Login to EnKash and verify your business details through min KYC
Learn how invoice management can revolutionize the way you work!
Read Blogs
From Manual to Automation: How to Modernize Your Invoice Processing Workflow
Apr 07, 2023
Invoice processing is a critical component of any organization’s financial operations. However, the traditional manual method of processing invoices can be time-consuming and error-prone. In today’s fast-paced business...
Read More
E-invoicing under GST: Benefits and Process
Sep 29, 2023
In today’s fast-paced digital world, traditional paper-based processes are being replaced by more efficient and streamlined electronic methods. The introduction of e-invoicing under the Goods and Services Tax (GST) regime...
Read More
Here’s How Invoice Processing Makes Everything Easier
Jan 09, 2023
Invoice processing includes a complete cycle of receiving the invoice, verifying, reviewing, approving, processing it for payment and keeping a record. Companies often receive multiple invoices, including freelancers,...
Read More
Got Questions?
Don't worry! Our FAQs section will help you learn about invoice management in detail
What is invoice management?
A process that enables businesses to track and pay vendor invoices is invoice management. It involves receiving an invoice from the vendor, verifying it, paying the amount to the vendor, and recording the same for future reconciliation.
Why should I automate my invoicing process?
Top reasons to automate invoice processing:
- No manual entry: Automated invoice management eliminates the need for manual entry into accounting systems
- Easy verification: Accounting softwares verifies vendors and approves and rejects them based on the information provided. This helps in removing fraudulent cases
- Access to information: The data on invoices can be easily viewed anytime and anywhere
- Customized workflows: Businesses can define and customize their workflows as per their needs
- Enhanced visibility: The visibility of invoice management is improved with real-time data availability for decision-making
- Better vendor relationship management: The automation of invoices gives payment notifications and alerts ensuring vendor payments are done on time; improving relationships
What is the importance of E-Invoicing in ensuring quick payments?
The quicker processing of invoices with the automation software enables quicker payments. Businesses can make immediate payments for the invoices uploaded on the automation software. In fact, with EnKash bulk payments can also be made with a single click. These quick payments can also help avail early payment discounts enabling savings for the business.
Is it possible to generate an online bill?
You can upload invoices on EnKash with a few simple steps. Add the necessary details about the vendor, post KYC, upload the invoice, and make the payment via the invoicing software.
How do automatic invoice processes work?
When an invoice is received, it is uploaded and scanned via the automation software, and the data is extracted in the accounting system in the desired format automatically
As soon as the data is recorded into the digital database, the invoice is converted into a text-searchable document that is mapped by the system so that the data entered into the system can be actively tracked within the ERP system
The data stored includes the vendor’s name, purchase amount, details of the goods/services availed, etc., and provides a detailed account of the invoice, which can be shared with the concerned parties for review and payment approval
Vendor post-KYC is added and payment is done if data is validated
What are automated reminders in invoicing?
Automated reminders or notifications can help businesses make payments to vendors before the due date. Some of the vendors provide trade discounts on early payments which can help businesses to save their costs and add to their cash flow.
Why are multiple payment options important in invoicing?
Businesses can improve their cash flow by offering multiple payment options as this enables faster and efficient payment without any delay unlike in the case of traditional payment options like cheques. This also helps establish trust in the business.
xSeeking further understanding about invoice management?
Invoice management is the process in which businesses receive an invoice from a vendor from whom they have availed any goods or services, validate the legitimacy of the invoice, pay the vendor, and record the payment in their accounts for reconciliation.
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