itim has the market-leading solution for advanced invoice matching. It outperforms the competition in its ability to match, process and move documents at an unsurpassed volume and apply this speed and scope to the widest range of tasks.
Invoice matching can be a labour intensive and error-prone process. With itim Invoice Matching (Didos), you can automate much of this work and recover significant amounts in supplier overcharges. It can automatically:
- identify matching documents
- identify price and quantity queries
- raise debit notes or credit claims
- accept undercharges
- post cleared invoices to the purchase ledger
- raise debit notes or credit claims for returns
One client recovered £1.7M within a year on a Cost of Sales of £50M.
adding retail value
Itim Invoice Matching helps retailers improve financial performance through:
Overcharge recovery – on average, our invoice matching clients recover approximately 3% of total supplier invoice value in overcharges
Cost savings – by reducing clerical effort, paying invoices to term and claiming settlement discounts
Improved profitability – through more accurate cost prices and stock figures and by accepting undercharges
More accurate accounts – by accounting for all stock adjustments and all differences between the invoice and receipt