Next Generation Automation Of The Supply Chain
Today, buyers inviting suppliers to tender their invoices for early settlement must first ask their suppliers to re-key their invoices, previously raised in their accounting package, into a supply chain portal. Without this information, you and your portal manager cannot begin the process of arranging payment of the supplier’s invoice.
The adoption is, therefore, complicated by the need to educate suppliers to manage their account within the portal. Further attrition within the supplier base follows the repetitive re-keying of invoices, leading to many schemes failing to deliver the intended benefits to buyers.
Vision Critical solves problems of adoption by suppliers through installation of a simple software program OSMO® at the point of acceptance to the portal. OSMO®, once installed, captures all invoices intended for the buyer directly from the suppliers accounting package, converting these into a unified data form. OSMO® then transmits the invoice detail to the portal manager, thus triggering the sequence of processes resulting in the early payment by the buyer.
Vision Critical delivers:
- Simple to install software
- Connection to 90% of current and legacy corporate accounting packages
- Low cost data integration to small and medium sized businesses
- Creation of a unified form of invoice data
- Effortless data transfer between suppliers and your portal
The benefits are:
- Improved supplier adoption, leading to
- Delivery of scheme benefits to buyer
- Low cost effortless transmission of supplier invoices
- Assured data integrity
Contact us to secure your supply chain with the power of advanced automation.
