By Process
Purchase Order Matching
ExFlow AP is designed to automate purchase order matching (PO matching) against multiple sources, including Purchase Orders, Contracts, Goods Receipts, Payment Plans, and more. It accurately interprets invoice data down to the line level, including item numbers, quantities, and unit prices. The system then matches this detailed invoice information against corresponding purchase orders. This level of precision ensures that invoices are processed swiftly and accurately, reducing the need for manual data entry and significantly speeding up the accounts payable process. Through automation, companies can save time and lower invoice processing costs by up to 80%.
Purchase order automation is achieved through intelligent 3-Way Invoice Matching By leveraging Dynamics 365’s standard matching rules and enhancing them, ExFlow AP uses the captured data to match invoices against purchase orders, contracts, and/or goods receipts to determine how the invoice should be processed. The system intelligently handles variances in price and quantity, automatically flagging discrepancies that need further attention while seamlessly processing compliant invoices.
Tolerance management for price and quantity variances is streamlined ExFlow AP excels in managing tolerances for price and quantity variances. The solution uses all tolerance settings configured in Dynamics 365, eliminating the need for duplicate setups. This means that if an invoice’s price variance is within the set tolerances, it will be automatically matched and processed. For variances outside the tolerance levels, the system generates an approval workflow to ensure that discrepancies are reviewed and resolved promptly.
Real-time feedback enhances efficiency ExFlow AP provides instantaneous feedback on the matching status of each invoice, allowing AP staff to address exceptions as they arise. This real-time capability ensures that invoices are processed without delay, improving the overall efficiency of the accounts payable department.
ExFlow AP is built into Dynamics 365. One of the key advantages with ExFlow AP is that it is built right into Dynamics 365. This built-in approach means that there is no need for complex third-party integrations or additional software. ExFlow AP leverages the full power of Dynamics 365’s data and functionality, providing a cohesive and streamlined user experience.
ExFlow AP is designed to scale with your business. Whether you are processing a few hundred invoices a month or managing a high-volume accounts payable department, ExFlow AP can handle your needs. The solution’s scalability ensures that as your business grows, your invoice processing remains efficient and effective.
ExFlow AP comes with dedicated support to ensure that your implementation and ongoing use of the solution are smooth and successful. Our support team is available to assist with any questions or issues, providing expert guidance and troubleshooting. This commitment to customer support ensures that you get the most out of your investment in ExFlow AP.
Ready to see how ExFlow AP can revolutionize your purchase order matching process? Schedule a demo today to experience our automated solution firsthand. Our experts will walk you through the features and benefits, showing you how ExFlow AP can streamline your accounts payable processes and improve your financial operations. Contact us to schedule your personalized demo and take the first step towards enhanced efficiency and accuracy in invoice processing.