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The Benefits of ePayables and eInvoicing
with Oildex's Spendworks
Time = Money
With the Spendworks ePayable system, companies eliminate time-consuming, error-prone, manual tasks. This results in an immediate reduction in processing costs by as much as 70%.
Working Together with Clients to Deliver a Quick ROI
We create a strategic relationship with clients in order to understand your business needs and help prioritize your suppliers in order to provide a quick ROI.
Identify Opportunities & Respond Quickly
With TrendX for Spendworks, managers and engineers can analyze key spend data quickly and easily. This enables decision-makers to gain insights into trends and identify trouble spots and opportunities in order to respond to changing business conditions.
One Workflow for All Digital & Paper Invoices
Since Spendworks integrates with scanning systems, both paper and e-invoices are processed through the same system, quickly and easily.
Complete Audit Trail
Spendworks creates a complete, electronic audit trail for each invoice including all related documents, disputes, approvals, and comments, making Sarbanes-Oxley compliance a snap.
Accurate Coding and Routing
Spendworks allows for automatic coding and routing, following all necessary business rules, saving the company time and ensuring accuracy.
Immediate Access
Since the Spendworks application is hosted online, authorized users can securely share and access information from anywhere there is an Internet connection, night or day, whether they are in the field or in the office.
The Cost Benefits of Oildex's ePayables & eInvoicing
Reduces Cost
Labor costs are reduced because manual data entry and paper handling is eliminated. With routing, coding, disputes and approvals handled electronically, the entire process cost is reduced by over 60%.
Faster Approval Process = Early Pay Discounts
Because Spendworks customers process their invoices more quickly, they take more early pay discounts. In fact, some clients save enough money in early pay discounts, to pay for their Spendworks system usage.
Boosts Productivity
Faster processing and reduced delays opens up new opportunities immediately. Your staff can spend their time performing value-added tasks rather than spending time managing the invoice process.
Click here for more information on how you can improve your invoicing process with Spendworks, or email us at info@oildex.com
