Snap invoice management benefits

Benefits to companies using Snap include:

Supplier harmony

• Greatly shortens the odds of misplaced invoices
• Retires the concept of invoices on desks while staff are on holiday or out of the office
• Delivers the capability to pay suppliers at the optimum time in your relationship
• Accelerates payment times where you wish, inspiring supplier confidence and cutting out reconciliation issues
• Improves visibility to the supplier, removing the risk of having an "on-stop" supply chain
• Removes the concept of Supplier Penalties and Interest on Late Payments

Saving paper and power

• Removes a remarkable amount of paper from desks
• Reduces the demand for paper, envelopes, stamps, franking, transportation and storage
• Removes the need to print, re-print and photocopy invoices

Financial return

• Snap brings the supplier payment opportunity down to days as opposed to months, which is often found to be the case. Our customers enjoy an agreement with their suppliers that sees a percentage deducted from the invoice value where payment is made earlier and on time.
• Snap can unlock the cash that is trapped within your financial supply chain.
• Retires both the need and cost of printing, posting, franking, faxing, archiving, storage and filing.
• Reduces the need to increase staffing in the Purchase Ledger department in line with increasing invoice volume.

Process improvement

• Eliminates manual matching of invoices
• Reduction of data entry
• Complete, self managing audit trail delivers absolute clarity
• KPIs delivered through the Management Dashboard provide accurate, real-time information.
• Configurable, automated routing and workflow of invoices.