Pricing suited for all sizes of businesses

AP and AR automated workflows provide an immense return on investment. Automated invoice processing lowers invoice processing costs by allowing your team to process more invoices in less time while reducing errors caused by redundant data entry. Additionally, faster invoice processing allows companies to offer and/or take advantage of prompt payment discounts from their customers, vendors and suppliers.

"Documents" include invoices and invoice support documents. Typically, it is an identifiable document that contains an identification number and is shared between you and your business collaboration partners. Examples of "documents" would be AP and AR invoices, work orders, field tickets, job orders, purchase orders, bills of lading and delivery tickets.

A pricelist refers to a set of vendor prices that have been assigned to a particular customer or set of customers. In some cases, pricelists in the form of a quotation can be submitted to customers for approval and used for billing subsequent work. For example, quotations would be converted into an approved pricelist consisting of time, material, services or expense items that the vendor would be required to draw from when preparing invoice support documents or invoices. This assists vendors by ensuring pricing accuracy at the jobsite. It also assists the buyer at the invoice approval stage such that only actual items and quantities need to be verified.

The free trial period lasts for 30 days beginning on the day the account is activated.

There is no cost associated with onboarding vendors and suppliers. Simply send a link to your vendors and suppliers and they are able to onboard themselves with ease.

There are numerous reasons companies should avoid OCR solutions for invoice processing. These include:

• OCR has approximately an 80% accuracy rate, meaning all invoices still need to be manually reviewed for errors.
• The iQ full digital method begins with digital activity records generated at the job site. The full digital connection between client and vendor allows transactional information to be captured and reported at the point of sale.
• OCR processing requires a lot of electrical energy meaning higher carbon emissions.
• OCR processing doesn't improve business processes, it simply provides a costly and inefficient workaround to facilitate outdated paper-based invoice workflows.