Accounts Payable News^®

Benefitting from many years in the industry, Invapay is a simple and efficient trading and payment platform which enables businesses to order from and pay all vendors, including those in the long tail of ad-hoc or one time only vendors.

This means that if your organisation processes thousands of one time only, small invoices - these can be turned into one Invapay.  Doing so rapidly reduces processing costs, drives PO compliance and instantly expands an orgainisation's P-Card leverage

In fact, the process is similar to the way in which PayPal™ works for the consumer market, but

Invapay has been developed specifically as a business-to-business solution which:

• Allows buyers to convert their P-Card program to a P2P program including goods receipting functionality
• Allows the buyer to place electronic orders with vendors
• Allows the vendor to receive payment direct into their bank
• Provides the buyer full level 3 line item detail

For the buyer the cost of setting up multiple one time only vendors is reduced and the Master Supplier File

is streamlined, creating an improved compliance-friendly environment.

For vendors Invapay accepts payments on their behalf, including card payments, making it possible

to leverage a much underused P-card credit line.

www.invapay.com