Companies need to adapt and integrate technology into their operations to stay competitive and achieve long-term success.
As businesses continue to evolve, technology has become a vital component. Small and medium-sized enterprises (SMEs) face several supply chain management challenges, such as a lack of transparency and difficulty in generating accurate invoices that can cause payment delays and cash flow issues. InvoiceNxt is a solution designed to address these problems and more, helping suppliers maximize efficiency while minimizing error-prone manual activities.
InvoiceNxt is a self-service platform that enables suppliers to access their customer’s ERP data. Suppliers can determine the status of purchase orders, goods receipt postings, invoice processing, and payments, which aids in forecasting and planning.
Levelling up supplier power with a single buyer move.
InvoiceNxt supports suppliers in the creation of “perfect” electronic invoices. Suppliers can easily raise compliant invoices by using “PO flipping”, where the invoice unit price is taken from the purchase order, and the invoice quantity is taken from the goods receipt posting, reducing the risk of invoicing errors. Or by uploading invoice images and self-validating the OCR-reading results. These invoices create the least amount of processing effort for the customer and often allow straight-through processing (STP).
InvoiceNxt provides suppliers with a convenient and secure platform to update their KYC documents, reducing the risk of fraud and protecting customer data. The platform helps suppliers generate statements of accounts, raise queries, and confirm their ESG data, showing their environmental, social, and governance alignment.
InvoiceNxt provides many immediate benefits to suppliers. With access to their customer’s ERP data, suppliers can manage their cash flows more accurately, generate “perfect” invoices, and request early payment with a single click. Additionally, InvoiceNxt’s secure platform helps suppliers update their KYC documents, generate statements of accounts, raise queries, and confirm their ESG alignment, making it a game-changer for SMEs.
InvoiceNxt is an enterprise SaaS solution designed especially for emerging markets. It is focused on digitising B2B transactions between buyers and suppliers and offering fuss-free early payment in form of supply chain financing to suppliers ( large, medium & small, and micro enterprises) regardless of how small the invoice amount is. InvoiceNxt is ESG-inclusive and aids corporates in achieving their net-zero targets.
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