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Invoice Management and Reconciliation

Invoice Management and Reconciliation is a highly advanced solution to help Network Managers streamline their invoice management process through automated invoice capture, maximize their cost savings through automated reconciliation and make smarter strategic decisions through real-time visibility into their expense trends.

Gain Efficiency

Time-saving automations like automated invoice capture and reconciliation reduce time and effort required to enter invoices.

Reduce Risk

Single repository offers total transparency and end to end control.

Advanced Analytics

Complete understanding of the data points that matter to glean valuable insights.

Single repository of all contractually agreed fee cards that fits your workflow

  • Easy set-up of fee cards for single and multi-market agents in multiple currencies
  • Flexible fee structures to accommodate a multitude of fee types
  • Advanced modeling of complex fee card structures such as “family banding” across multiple business units
  • Intuitive fee mappings between your fee categories and your agent’s
  • Efficient import of fee cards and quick roll forward of any fee card in the system
Single repository of all contractually agreed fee cards that fits your workflow

Automate invoice ingestion and dramatically reduce the time and effort it takes to enter invoices

  • Ingest the most common invoice formats automatically (Excel and PDF)
  • Ensure invoice data is clean and complete with built-in system validations
  • Leverage a comprehensive list of pre-mapped invoice templates for hundreds of agents with ongoing updates as templates change or new digitized templates are needed
  • Manage invoice digitization processes from beginning to end with complete control
Automate invoice ingestion and dramatically reduce the time and effort it takes to enter invoices

Reduce the risk of overpayment and automate reconciliation processes

  • Accurate, automated reconciliation between invoices and fee cards reduces risk of overpayment
  • Detailed reconciliation performed at the line item level to ensure the correct rates are being applied
  • Flexible modeling of complex reconciliations take into account aggregated unit values across business units
  • Easy threshold set up saves time, only flagging material variances
Reduce the risk of overpayment and automate reconciliation processes

Generate insights with comprehensive reporting and analytics to understand trends and exceptions

  • Gain a complete understanding of the data points that matter, including what agents, fee types, or markets you’re spending the most on
  • Accurately spot trends and re-distribute spend to maximize cost savings
  • Easily allocate spend across your business units
  • Glean insights from standardized reporting in currencies of your choice
Generate insights with comprehensive reporting and analytics to understand trends and exceptions

Ready to get started?

Resources

Bank Network Management Platform Brochure

Learn how to improve risk management and automate the end-to-end global bank network management process in this resource.

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Bank Network Management as a Sustainable Process?

By systematizing Network Management, you can transform a cost center into an efficient, environmentally friendly organization that can be both highly cost efficient and a business and investment driver.

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Value of Automating your Due Diligence Process

Diligence, by definition has to be done accurately. Its management needs to be more than accurate, it needs to be efficient, too.

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