Invoice Status Portal delivers value to AP teams

Our new Invoice Status Portal is designed to reduce supplier inquiries and streamline processes. In today’s dynamic business environment, efficiency and transparency in financial transactions are essential. A supplier invoice status portal has emerged as a transformative tool for accounts payable (AP) teams. Albert Scrivener, solution consultant at ISPnext: "This digital functionality enables suppliers to monitor the real-time status of their invoices, delivering substantial benefits for both suppliers and AP departments."

The value of a supplier Invoice Status Portal in AP Automation

Accounts payable teams often dedicate a significant amount of time managing supplier inquiries. According to Albert Scrivener: "The Invoice Status Portal offers suppliers direct access to invoice updates. This means fewer emails and calls for AP teams, translating to greater efficiency. On average, AP teams spend nearly a fifth of their time answering supplier questions about invoices. By implementing the Invoice Status Portal, this workload can be significantly reduced, allowing teams to focus on more strategic tasks."

The scale of these inquiries depends on factors such as organisational size, supplier base, and AP process complexity. With a supplier invoice status portal, businesses can minimise these disruptions and optimise their operations.

"The Invoice Status Portal gives suppliers instant visibility into invoice updates, saving AP teams time and increasing efficiency."

- Albert Scrivener, Solution Consultant | ISPnext

Enhancing transparency

The Invoice Status Portal brings greater transparency to the AP process. Suppliers can access the portal anytime to track the status of their invoices—whether they are submitted, approved, or awaiting payment. This real-time visibility eliminates the need for frequent back-and-forth communications, reducing inquiries and follow-ups. Albert: "Transparency is key in maintaining strong supplier relationships. Our portal ensures suppliers are always informed about their invoices, fostering trust and collaboration."

Strengthening supplier relationships

By offering suppliers access to invoice information, the portal helps build trust and collaboration. Suppliers view clients as dependable partners, leading to improved terms, potential discounts, and stronger overall cooperation. "When suppliers can easily access the status of their invoices, they feel more valued. This strengthens relationships and positions your organisation as a preferred partner" adds Albert.

A smarter approach to AP

Adopting a supplier invoice status portal can transform the AP process. It fosters transparency, streamlines workflows, and strengthens supplier relationships while improving cash flow management. Albert concludes: "Functionalities like the Invoice Status Portal are not just about efficiency; they also enhance collaboration and drive long-term value for all parties involved."

AP Automation in 5 steps

Download the white paper AP Automation in 5 Steps and learn how to transform your accounts payable processes. Discover practical steps to save time, reduce errors and increase control over your invoice processing. Start streamlining your AP processes today!

Mockup_Preview_AP Automation in 5 stappen (ENG)