Control Spend With Automated Pricing Compliance
Automatic digital invoice and field ticket rate validation to manage spend and control leakage.
pricebook
Automatically validate and reconcile inbound digital invoices and field tickets against contract price agreements, catalogs and simple rate sheets to better manage spend and control leakage.
Benefits
Ensure Pricing Accuracy
Validate pricing, identify non-compliant invoices and reconcile invoices automatically.
Optimize Spend
Detect rogue spend and pricing exceptions and predict budget problems with near real-time spend visibility.
Faster Supplier Collaboration
Manage disputes and pricing changes directly in OpenInvoice to expedite pricing changes.
Increase Productivity
A streamlined, automated process saves time by reducing manual processes and errors, so you can focus on critical business tasks.
Solution Overview: PriceBook
Learn how PriceBook, in conjunction with OpenInvoice® or OpenTicket™, lets both operators and suppliers upload contract price agreements, catalogs, or simple rate sheets to validate inbound electronic invoices and field tickets. It provides line item detail, automated workflows with reconciliation, and spend analysis reporting to help control leakage.
Key features
Save Time with automation
Automatic compliance and reconciliation checking, automatic code validation and invoice approvals, supplier collaboration tools, a mobile approval app, and the ability to receive pre-coded invoices reduce the invoice cycle time from weeks to days and reduces the AP workload.
reduce your ap workload with touchless invoicing
Automatic code validation and invoice approvals reduce the number of manual touchpoints required to process low-value invoices.
improve spend managment
Integrate OpenInvoice with your existing procurement and contact management systems. Automatic compliance and reconciliation checking make it easier to maintain price compliance, and robust reporting provides insights and information to control spend leakage.
“AUTOMATICALLY ENFORCING VENDOR COMPLIANCE WITH PRICEBOOK SAVES US 12 HOURS PER MONTH AND ALLOWS US TO MAINTAIN 90% COMPLIANCE.”
Discovery Natural Resources
HOW PRICEBOOK WORKS
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