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Advanced Invoice Matching, Automation & Trade Supplier Payments
Unify Invoice Automation excels at handling
high volumes of invoices, unmatched by the
competition. With seamless automation, our
solution efficiently matches, processes, and
moves documents, ensuring speed and
accuracy every time.
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Identify |
Flag price and |
Generate |
Accept |
Post cleared |
Raise debit |
Issue Overseas |
One of our clients achieved an impressive £1.7M recovery in just 12 months,
on a Cost of Sales of £50m
Invoice matching and payments are crucial but often labour-intensive and error-prone. In
addition, supplier payments to normal banking channels are expensive. Unify Invoice
Automation offers an intelligent solution that handles high volumes of invoices with ease,
saving you time and money.
By automating the matching of documents and leveraging blockchain technology, we
significantly reduce costly overseas transfer fees and improve the speed and reliability of
your supplier payments.
By automating invoice
matching, our system
significantly reduces the need
for manual handling, saving
valuable employee time
(approx. 1 employee per 2,300
invoices per week).
With our system, overcharge
recovery between 1% and 3%
of your cost of goods is
possible by identifying
discrepancies, with tolerances
typically set at £8.
Our automated system ensures
that invoices are processed
according to terms, enabling
your business to benefit from
early payment discounts, which
further reduces costs.
Our system's unmatched
volume handling and
automation reduce manual
efforts and increase matching
accuracy, leading to significant
savings.
Our platform gives you accurate data on cost prices,
helping you to control margins effectively.
Real-time data ensures stock figures are always precise,
helping you manage inventory and profit more accurately.
Our system automatically accepts undercharges, ensuring no
revenue is lost in the process.
Keep track of every stock change automatically, reducing manual
adjustments and errors.
Discrepancies between invoices and receipts are captured, ensuring
your financial records are accurate at all times.
Blockchain technology secures matched invoices, creating
tokenised IOUs that make invoice discounting more efficient.
Suppliers will know exactly when their invoice is matched and
when they'll get paid, and the tokens will facilitate improved
invoice discounting, as banks can easily assess what
percentage of their invoices are creditworthy.
Overseas transfers can be expensive. By using blockchain and
cost-effective FX mechanisms, we drastically reduce transfer
costs, saving your business money on cross-border payments.
In fact, UK SMEs alone pay nearly $5.8 billion in hidden bank fees
for cross-border payments. By eliminating inefficiencies, we help
cut out these hidden fees, adding savings directly to your
bottom line.
Our system automatically matches
invoices, receipts, credit notes, and
returns. It identifies price and
quantity discrepancies and can
automatically raise debit notes or
credit claims, achieving up to 95%
match rate on the first pass.
If there's a discrepancy, Unify
Invoice Automation routes
queries automatically and
provides tools for efficient issue
resolution, including automatic
creation and sending of debit
letters or credit claims. This
provides control and efficiency
over the entire invoice
authorisation cycle.
A secure, easy-to-use portal for
real-time collaboration with
suppliers. Comments and actions
are captured and displayed for
both parties, keeping everyone in
the loop. Using the portal, you can
advise designated suppliers of
upcoming debit notes as soon as
possible, giving them time to
respond before they pass to
ledgers.
Route electronic invoices directly into
the system, eliminating paper, saving
time, and reducing manual entry
errors. Our Unify EDI service is
available to connect directly with your
suppliers and our InvoiceHub
collaboration portal provides an
additional option for receiving
invoices electronically.
We guarantee that you'll see a rapid
return on investment by significantly
reducing costs related to manual
invoice processing and improving
account accuracy. We are so confident
that a rapid return on investment will
be achieved with Unify Invoice
Automation, we will calculate this for
you based on your staff, invoice and
overcharge numbers and Goods
Receiving and Cost Price errors.
Integrate easily with a wide
variety of financial and ERP
systems. The value of Unify
Invoice Automation can also be
extended beyond the finance
department to other business IT
investments.
Track matched invoices, purchase
orders, and stock commitments to
optimise cash flow and ensure the
best FX rates via integration with
hedging platforms.
Using sophisticated blockchain
technology to securitise the
approved invoice and facilitate
improved invoice discounting
and credit insurance.
Streamline the supplier
payment process with
optimised workflows, enabling
you to pay suppliers on time,
while strengthening long-term
relationships.
We approve over £30bn in supplier payments annually,
with £3bn in international payment flows.
Handles extremely
Sophisticated
Full audit
Integrated EDI, XML
Debit reversal for
“The implementation of itim Invoice Matching (DIDOS) went smoothly and has been a great success. We were impressed by the knowledge, effectiveness and prompt support from the entire itim team, who work seamlessly with us. Now that we are live on our JD Sport, Go Outdoors, Blacks and Tessuti facias, we are already starting to reap the benefits and look forward to building further on what we’ve already achieved.”Paul Reynolds, Finance Systems and Change Manager, JD Sports Fashion plc
“Having seen other products, itim’s Unify Invoice Automation & Matching is the best I’ve seen. It handles the high volumes and is very flexible, but most importantly, it just works! I can’t recall a time when it’s gone down or that we’ve had a major issue. It’s become part of our DNA.”Anthony Robinson. Group P2P Manager. Sainsbury's
“Thanks to itim Invoice Matching (DIDOS) and our streamlined invoice matching processes, we have made considerable savings. It has also helped create more accurate stock levels across our entire business”Paul Johnson, Finance Systems Manager, WHSmith
“The single biggest improvement that itim has bought us is within finance. Invoices get matched automatically, the information is stored electronically.. just the improvement in process has been unbelievable. We process about 60,000 invoices a year and we’re still able to do that with a team of three which, if it wasn’t for itim Invoice Matching (DIDOS), we would not be able to handle”Al Overton, Buying Director, Planet Organic
“From the initial engagement with itim, their professionalism and support has been exemplary, both in advising on best practice options and helping tailor itim Invoice Matching (DIDOS) to meet our specific business needs.”Kiren Chaa, Transport and DC Payables Manager, Coles Supermarkets Australia
Take the Next Step to Easier, More Streamlined Invoice Processing
Unify Invoice Automation empowers you to automate the most labour-intensive tasks,
optimise cash flow, and improve supplier relationships.
Ready to streamline your supplier payments and invoice processing?
Get in touch today to see how we can help transform your financial processes and boost your profitability.
Get in touch
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