GoInvoice

Automated error-free invoice auditing for faster payments and streamlined procurement.

by GoProcure · eProcurement & Purchase Orders

Executive Summary

GoInvoice, a solution by GoProcure, automates and streamlines the invoicing process within procurement. It specializes in error-free invoice auditing, significantly accelerating payment cycles and reducing manual effort. This intelligent tool helps organizations save immense amounts of hours typically spent on invoice processing. GoProcure itself offers next-generation procurement solutions, demonstrating a proven ability to deliver substantial cost savings, typically between 10-15%, for clients managing over a billion dollars in spend. Beyond invoicing, GoProcure facilitates comprehensive procurement activities including conducting RFQs, efficient supplier onboarding and management, and robust diversity spend management. As a certified minority-owned business, GoProcure brings deep expertise to achieving successful diversity outcomes for its clients.

Use Cases

  • Automating invoice auditing to eliminate errors and ensure compliance.
  • Accelerating payment cycles and reducing manual processing time for invoices.
  • Managing and onboarding a diverse range of suppliers efficiently.
  • Conducting Request for Quotations (RFQs) to optimize sourcing.
  • Tracking and reporting on diversity spend to meet corporate objectives.

Features

Visibility

  • Real-time Invoice Tracking: Monitor the status of all invoices from submission to payment in real-time.
  • Spend Visibility: Gain comprehensive insights into all procurement spend across categories and suppliers.
  • Supplier Performance Monitoring: Track and evaluate supplier performance based on various metrics.

Intelligence

  • Automated Invoice Auditing: Automatically detect errors and discrepancies in invoices to prevent overpayments and fraud.
  • Cost Savings Identification: Identify opportunities for cost reduction through spend analysis and strategic sourcing.
  • Diversity Spend Tracking: Monitor and report on spend with diverse suppliers to meet corporate social responsibility goals.

Technical Specifications

Deployment
SaaS

Pricing

Target Customer
Mid-Market,Enterprise

About GoProcure

GoProcure is a procurement solutions company providing a B2B e-commerce platform that brings together an ecosystem of suppliers, retailers, wholesalers, financial institutions, and shippers. It helps businesses manage tail spend end-to-end, automate transactional procurement processes, and improve control, compliance, and visibility.

Founded: 2016 · Headquarters: Duluth, Georgia, United States · Employees: 11-50 · Private

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