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