Businesses need physical supplies even in a highly digitized world. Whether everyday materials that enable office work or professional medical supplies for a healthcare environment, organizations must manage diverse procurement needs. With Amazon Business, companies can access a convenient, familiar storefront for finding suppliers and placing orders. However, the Amazon Business invoice process may be a potential drawback for some operators.
At lower volumes, manually working with the PDF invoices generated by Amazon Business may not be of much concern. Yet, as your orders scale up, the timely processing and payment of those invoices can become more of a challenge. Leveraging the power of the Tungsten e-Invoice Network can offer streamlined automation.
Transforming PDF Invoices into Actionable Data
A company can achieve a more than 90% success rate on straight-through processing, saving time and money with the Tungsten e-Invoice Network. However, Amazon Business generates invoices in the PDF format by default, not e-invoices.
PDF invoices represent a bottleneck and a source of potential errors for a company that might handle 1,000 or more orders through Amazon Business regularly. They can disrupt workflows that are otherwise streamlined for accuracy and speed. There is a clear need to switch so a business can reliably transmit XML-based e-invoice information from Amazon Business to your automated systems. Your organization can make that valuable connection today with a solution from the Tungsten Marketplace.
Delivering Amazon Business Invoices into the Tungsten e-Invoice Network
Amazon Business now supports direct integration to the Tungsten e-Invoice Network and its e-invoicing capabilities. Companies can take full advantage of the speed and accuracy of improvements enabled by the network using a simple paid service available in the Marketplace. The Fast Track Invoice Service automatically replaces the PDF invoices that Amazon Business typically uses.
In their place, this solution converts the PDFs into an XML format that reflects the same information conveniently for the automated invoice processing solutions to manage. With the data in XML, there’s no need for manual intervention or document conversion. Instead, the Tungsten e-Invoice Network receives the correct information promptly.
The Benefits of Deploying This Solution
Automation can transform a company’s financial processes. For buyers on Amazon Business, for example, this solution achieves a staggering 99%+ straight-through processing rate. Invoices arrive, proceed automatically through validation and compliance workflows, and conclude processing according to your business rules. Removing all necessity for manual processing slashes error rates, so you don’t need to spend as much time chasing down mistakes.
The Tungsten Network provides enhanced visibility into outstanding and incoming invoices for more strategic decision-making. Ultimately, this solution can almost halve operating costs associated with buying on Amazon Business.
Build More Speed and Accuracy into Invoice Processes Today
Streamlining procurement and supplier discovery is easier than ever. When you can easily integrate invoices from that system into your preferred e-invoicing network, the value of both platforms becomes enhanced. Through the speed and accuracy of the Tungsten e-Invoice Network., companies can capably manage their AP processes and maintain clear insights into financial health, daily transactions and much more.