Collaborative Supplier Portal Accelerates e-Invoicing Initiatives
The Bottomline Business eXchange is the latest phase of Bottomline’s AP automation suite of products. Bottomline Business eXchange is a central, online hub which acts as a link between buyers and sellers. Providing online transmission and tracking of electronic purchase orders, invoices and settlement information, Bottomline Business eXchange increases visibility and collaboration between financial supply chain partners in a secure environment.
Combined with Bottomline’s purchase to pay solutions, Bottomline Business eXchange offers a simple and pragmatic method of receiving 100% electronic invoices directly into your AP Department.
Benefits include
- Greatly reduced invoice status queries – Through the invoice tracking function, suppliers AR teams can operate in a self-service environment, which significantly reduces the number of calls and emails into the AP department. Buyers control the level of visibility by granting permission for individual suppliers.
- 100% e-invoicing from day 1– The combination of e-invoicing through Bottomline Business eXchange, in conjunction with the paper to electronic conversion services of the Bottomline IDCS solution, delivers a unique, fully electronic invoice receipting solution for your AP department.
- Enhanced supplier adoption rates – A simple onboarding process, self service invoice tracking, free invoice delivery and access to low cost invoice financing creates a compelling proposition for supplier adoption
- Manage working capital requirements- Bottomline Business eXchange has built in tools to allow treasurers and finance managers to offer early payment discounts, or alternatively allow a 3rd party to offer finance, against approved invoices, giving them maximum flexibility to manage the ever changing working capital requirements of their business.
Value-Driven Supplier Services
In addition to supplier self-service enrolment capabilities, Bottomline Business eXchange is complemented by a variety of optional value-added services, such as supplier on-boarding, support for global suppliers and on-ramp strategy consulting.
Download Bottomline Business eXchange brochure (960kb pdf).
For more information please contact us.
