The ROI of eInvoicing
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The hospitality industry is seeing a trend that multi-unit operators or management companies are expanding automation of the AP process. CedarCreek focuses on the entire procure-to-pay automation process, but within this process, automating invoicing (eInvoicing) is rapidly changing and growing.
The main reasons for companies to automate invoicing stem from the need to save money and reduce the time associated with data entry. By reducing data entry, businesses improve accuracy and gain visibility to and control over their operations.
The Benefit of eInvoicing
Staff can be repurposed to focus on analytics with the time saved on the reduction of manual data entry. This leads to a more strategic business process where companies move data faster and speed payments, which may result in cost savings due to rebates and incentive discounts from suppliers. Automation will provide many positive results to hotel finance and operations.
When eInvoicing is incorporated into the procure-to-pay process, money and time are saved and accuracy is improved.
Why CedarCreek?
A manual P2P process works great until you have hundreds of vendors and thousands of invoices across the myriad departments within your organization. These typical steps also lack overall contract controls, compliance management, business intelligence, inventory management, and vendor performance stats.
CedarCreek’s procure to pay system is uniquely designed to help the club Industry to maximize spend coverage. The platform and technology connect customers with their suppliers to improve efficiency, increase transparency, provide accountability, strengthen financial controls, resulting in significant business process improvements and cost savings.
If you are looking for an easier, more efficient invoicing process then call us today at 561.946.2770 or email us at info@cedarcreeksystems.comto see how we can help your club be the best it can be.
Provided by BirchStreet Systems (A Partner of CedarCreek)
