PACIFICTECH eINVOICING FOR SAGE INTACCT MAKES THE EXCHANGING OF INVOICES BETWEEN BUSINESSES MORE EFFICIENT, REDUCES ERRORS, SIGNIFICANTLY LOWERS ADMINISTRATIVE COSTS AND MOST SIGNIFICANTLY - IS MORE SECURE REDUCING THE RISK OF FRAUD.
eInvoicing is the process of exchanging invoice documents between businesses in a standardised digital format. Providing functionality similar to EDI solutions, it allows systems to ‘speak’ to each other, even if only one of the businesses are using the Sage Intacct ERP system. By automating invoice processing, eInvoicing enhances efficiency and fosters sustainability by minimizing paper use, benefiting both businesses and the environment.
eInvoicing enhances security through encrypted data transmission, reducing the risk of fraud and unauthorised access. It ensures authenticity and integrity of invoices with digital signatures and secure archiving. Additionally, automated processes minimise human error, safeguarding sensitive financial information. Compliance with regulatory standards further strengthens the security framework, providing businesses with a reliable and protected invoicing system.
Sending eInvoices:
Pacifictech Sending of eInvoices via the PEPPOL network is for both Order Entry and Accounts Receivable invoices . It facilitates streamlining of operations so organisations can leverage multiple invoice channels to deliver invoices to the buyers’ ERP systems.
Receiving eInvoices:
With Pacifictech’s eInvoicing there are 2 options to receive eInvoices:Option 1 | Direct Connect:
The eInvoice arrives from the PEPPOL network to the Pacifictech servers (”Corner 4”), then gets inserted directly into Intacct’s AP module as a draft invoice.Option 2 | Via Pacifictech AP Automation:
The eInvoice arrives from the PEPPOL network to the Pacifictech servers (”Corner 4”), then gets inserted into the Pacifictech AP Automation . This option is applicable for organizations that require more sophisticated workflow functionality than what Intacct provides.
Pacifictech has engaged an Access Point Partner for the PEPPOL component - which means that there are no additional requirements or costs. All that is needed in order for customers to be able to start receiving eInvoices is the Pacifictech Connected Service.
Benefits:
Direct and Secure. eInvoices are impossible to lose, cannot be delivered to the wrong person, cannot be intercepted or be processed incorrectly. It minimizes the risk of fake or compromised invoices. Sender and receiver details are validated, audit logs kept, and strict protocols followed to ensure invoices remain secure.
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Reduced Admin. eInvoicing saves time by not having to re-key or scan invoices, make corrections, or chase missing information. While you still need to apply your normal approval process before paying invoices, spending less time on admin allows greater focus on growing your business.
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Reduced Time. eInvoices are processed faster than you think. An e-invoice reaches the right person within minutes - with minimal intervention the invoice can be directly processed within the administration software.
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Improved financial visibility. Real-time insight into your company's finances, invoices can be processed directly in the accounting software enabling real-time insights into the purchasing process and allowing for more accurate financial management.
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Cost savings. Your company will save money, around 62% of companies send invoices as email attachments. Calculating into averages - with shipping, material, and handling costs, due to time saved by reducing manual handling, eInvoices can save around $1.65 per invoice.
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Faster payment. It takes on average 25.1 days for a small businesses to be paid. By reducing manual processing, the potential for errors and delays, eInvoicing speeds up payment and improves cash flow.
Find out moreMain Features:
- Tightly integrated into Sage Intacct
- Meets government mandated eInvoicing requirements
- Meets eArchiving requirements, such as audit and legibility, for local and cross-border invoicing
- Secure Data - All transactional data stored within Sage Intacct system
- Developed in the Sage Intacct API so our solution has the same look & feel that requires less training
SYSTEM REQUIREMENTS
Receiving:- A Sage Intacct subscription
- Reliable internet
- Pacifictech DPS Connected Service
- The DPS Web Service must be accessible to the Pacifictech Web Infrastructure via the Internet.
- Pacifictech eInvoicing Connected Service
- All modern browsers