Didos® - Invoice Matching from Itim
Large scale Invoice Matching is a complex knot of internal and external procedures. It is possible to untie the tangle for good, and save time, effort and money.
Take a look at Didos. WHSmith did. For them, once difficult, labour-intensive tasks are now simply and effectively dealt with.
Get to grips with the problem
As the number of invoices you handle grows, there comes a point where a manual matching process becomes untenable. Do you divert staff away from identifying price or quantity discrepancies, but lose money in supplier overcharges? Or, do you throw headcount at the problem just to keep pace? Neither is really acceptable to your business, or a long-term fix.
The solution is automation
Didos automatically brings together related invoices, credit notes, receipts and returns and verifies that invoice values, irrespective of currency and within predefined supplier tolerances, match the goods received values. By matching at line level and automatically raising credit claims or debit notes for overcharges, Didos can typically match up to 95% of invoices first time.
Leaving as few as 5% of your invoices requiring clerical intervention, Didos then provides the tools and workflow to query and resolve these outstanding issues, therefore taking the entire invoice authorisation cycle fully in hand.
Turn costs into profit
With Didos, supplier overcharges can be eliminated, costly clerical errors reduced and prompt payment discounts exploited. But the financial benefits don't stop there. Once the tedium and overload is taken care of, attention can be turned to where it adds most value. Companies like ONE STOP know the value of this change. For them, Didos is the foundation of their ability to confidently identify and address theft in store. In one year alone they reduced theft to 0.1% of sales.
Keep pace with your business
By automatically matching such enormous invoice volumes at product level and reducing clerical intervention to minimum levels, Didos will support your business growth. For Otto, Didos allowed them to easily adapt and expand their accounting functions to accommodate the Grattan and Freeman's merger. The same is true for Travis Perkins and Wickes.
Take the ROI test
Ask Itim what Didos can do for you. So confident are we that a rapid return on investment will be achieved, we will calculate this for you based on your staff, invoice and overcharge numbers and Goods Receiving and Cost Price errors. Justifying the step to an easier, more streamlined and cost effective operation is closer than you may think. Take the first step today - contact Itim.
For more information, please email us or call on +44 (0) 207 598 7700.
