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PNC's Invoice Automation uses leading-edge technology to help you reduce manual tasks, cut errors, improve control, increase the satisfaction of accounts payable staff and improve supplier relationships.
Is your organization overwhelmed with paper? Struggling with manual processes and data entry? Finding that invoices are harder than ever to track down? Are you missing out on supplier discounts? PNC's Invoice Automation uses leading-edge technology to resolve these issues and more.
With Invoice Automation, you can streamline your A/P process from procurement to payment using a highly-configurable workflow tool that allows you to review, adjust and approve invoices. PNC’s image capture service receives and scans paper invoices, helping you to reduce the inefficiencies of paper-based processes. PNC can also receive electronic invoices on your behalf. You can:
Companies that receive a large number of invoices can also enroll in PNC'S E-Invoice solution. Our global E-Invoicing Network connects you to your suppliers around the world and helps you reduce paper while helping you to increase efficiency, data quality, accuracy and visibility.
Eliminate paper and reduce data entry expenses: With centralized invoice receipt, PNC can accept any type of invoice (paper, email or fax). Your invoice images will be data captured and loaded into PNC’s Invoice Automation system.
Configure workflow to your needs: No two companies are the same. Invoice Automation can make the transition to an automated platform as seamless as possible. Our application enables two- and three-way purchase order matching, automated general ledger coding, development of company-specific workflows and the creation of users and roles.
Track invoices by data element: Invoice Automation offers a suite of customizable reports that allow invoices to be tracked by many data elements such as status, due date and vendor. Reports can be filtered, allowing you to drill down into the details of specific invoices. These reports can exported for further analysis into spreadsheets.
Work with a dedicated team of specialists: PNC has a team of dedicated Automation Consultants who use their A/P and treasury knowledge to help you determine the right solution for you. This collaborative approach helps you maximize efficiency while meeting your company’s specific business needs. An Invoice Automation consultant will be there every step of the way to identify the scope, confirm and execute the solution with you. He/she will oversee the entire implementation process while our A/P Account Manager will provide post-implementation support.
The new system is incredibly helpful. I can find an invoice no matter where it is. I can run a simple report and make a call if necessary to get invoices approved and entered. We have not added to our staff, but we are processing at least twice as many invoices as before.
We are processing more invoices on a regular basis and have been able to absorb invoices from four other locations as we continue to grow.
PNC’s Invoice Automation centralizes invoice receipt via the postal service, email, fax and file. PNC’s ability to receive invoice documents in its lockbox environment combined with optional invoice delivery, accommodates the most common forms of invoice submission by suppliers. Invoice Automation converts multiple invoice formats into one, streamlined feed of data for buyers.
PNC’s Invoice Automation automates general ledger coding and the invoice approval process. Invoices flow through your organization based on configurable designs and can be changed without IT involvement. Easy-to-use web-based and mobile interfaces enable visibility to outstanding work and the details for a specific transaction. Your operations will be streamlined by significantly reducing the 'paper handling' and the costs associated with managing a traditional paper dependent approval process.
PNC’s Invoice Automation establishes a secure two-way data exchange to and from your enterprise resource planning (ERP) system, keeping your accounting system at the center of the payables processing as the system of record. It integrates with any ERP or accounting system that is able to send and receive files.
Beginning 2016, PNC Invoice Automation customers will be able to communicate early pay invoice discount offers to suppliers1. Approved invoices will appear within the Dynamic Discounting tool, allowing the buyer to review and select invoices to be made eligible for early payment in exchange for a discount. This allows customers to foster strategic supplier relationships by providing suppliers a low cost option to reduce their Days Sales Outstanding (DSO).
You may choose to pursue integrated payment in conjunction with an invoice automation program significantly reducing paper invoices while outsourcing paper check runs. PNC’s supplier portal options take the relationship between the front end and back end of payables to the next level by bringing information about the invoice approval process and payment together through a status service. When the buyer/payer provides remittance detail in a status file, the supplier portal becomes a source of information to assist suppliers in their cash application process.
If you have questions or would like additional information, please fill out this short form so we can get in touch with you. By completing this form, you are authorizing us to contact you (via email and/or phone) to answer your questions and provide information about PNC’s Invoice Automation.
New product development is subject to change.
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