Order to Pay

Are you under pressure to find lower costs methods of settlement processing?
Do you still use paper documents? Are you missing an automated settlement process?
Do you have an unacceptable number of discrepant orders and invoices?

Order processing and settlement is still a bottleneck for many retailers, with errors creating repercussions through the supply chain. Many retailers and suppliers still use paper and spreadsheets to manage processes and operate with minimal efficiency. They require lower cost an automated ways of settling and handling order changes, discrepancies and invoice disputes. It’s important that disputes are resolved early before delivery.

CBX Order-to-Pay is a fully hosted business-to-business platform which helps retailers streamline their order-to-payment cycle, increasing service levels, lowering operating costs, and strengthening supplier relationships. The CBX Order-to-Pay system automates the complete range of functions involved in the settlement process, including order delivery, order confirmation, supplier invoice presentment, validation, dispute management, approval, payment and bank posting instructions. In most cases, disputes can be resolved online and payment can be expedited.

Benefits of CBX Order-to-Pay:

• Enables the “perfect order” by increasing order and fulfillment service levels
• Lowers accounts payable processing costs through conversion to electronic documents
• Standardizes all supplier documents such as invoices and Advanced Shipment Notices
• Eliminates data entry and manual paper routing
• Reduces data entry and exception management
• Create the “perfect Invoice” with minimal errors or disputes
• Integrates automatically with existing order, receiving and finance systems

Features of CBX Order-to-Pay:

• Automated n-way invoice matching
• Line item dispute resolution (price, item, barcode details)
• Quantity dispute resolution
• System generated qualified supplier invoice
• Prefilled forms and documents with automated workflow

Check out CBX Supply Chain Finance to learn about how to optimize your working capital.