Speed up invoice processing at your company with ELO software
ELO Invoice, the software for managing invoices digitally, puts an end to tedious manual processing of incoming invoices. From invoice receipt to payment release across departments or even locations – for smooth digital, automated accounting processes. Increase the efficiency of your invoice management process significantly with ELO Invoice. In addition, you are well prepared for the tax challenges that are becoming mandatory in more and more countries.
Invoices are received a number of ways – by mail, e-mail, or automatically through central networks such as PEPPOL in the European payment area. The formats can also be very different: Whether you use e-invoicing formats such as ZUGFeRD, XRechnung and Fattura, PDF, or scanned documents – the invoice software recognizes all formats and extracts all important information relevant for the invoice receipt process.
Companies using ERP systems or DATEV invoicing solutions can also benefit from ELO: Third-party systems are easy to integrate and take advantage of convenient document filing in ELO. The days of searching for information, manual data processing, and high archiving costs are over. Digitalizing invoices has never been easier.
The benefits of digital invoice processing with ELO Invoice
- Automated invoice processing
- Keep up with invoice due dates
- Comply with data privacy and compliance requirements
- Convenient invoice approval processes including dual control principle
- Seamless integration with ERP and AP systems
- Monitoring in a structured invoice dashboard
- Configuration options for customized processes
- Integration with all standard accounting systems (SAP NetWeaver®, SAP S/4HANA®, Microsoft Dynamics NAV, Microsoft Dynamics AX, Microsoft Dynamics 365 Business Central, DATEV)
- Support for international standards (ZUGFeRD, XRechnung, Fattura) and foreign currencies
- Microsoft Excel reports filed straight to the ELO repository
- Import and export invoice data from the ERP/AP system
- Formal invoice check
- High-performance search to find invoice information faster
Contact ELO sales partners
You want to introduce ELO at your company? No problem – our sales partners will be happy to help you!
ELO offers a worldwide network of trained and certified system vendors and IT consultants that support you in selecting, implementing, and customizing your ELO software.
Integration of central portals for invoice exchange
ELO Invoice can be integrated with interfaces to central portals or networks for exchanging invoices, such as PEPPOL. This ensures that requirements for exchanging invoices are met at the local level.
For more information on electronic invoicing and central invoice exchange platforms can be found here: What is an e-invoice?
The invoice workflow at a glance
Invoice received
Get all incoming invoices in your ELO Intray, whether scanned paper documents or electronic files, or invoices retrieved from a central invoice portal.
The invoice approval process
ELO Invoice captures the invoice data, classifies it with intelligent capture tools, and finally files it to the system.
Invoice approval
The invoice approval process is then started automatically. With collective invoices, the workflow also takes individual items into account, while any need for clarification is submitted to clearing..
Contact ELO sales partners
You want to introduce ELO at your company? No problem – our sales partners will be happy to help you!
ELO offers a worldwide network of trained and certified system vendors and IT consultants that support you in selecting, implementing, and customizing your ELO software.
ELO Invoice comes from the comprehensive range of ELO Business Solutions
Intelligent software solutions that help you digitalize central departments within your company. These turnkey packages can be deployed immediately, but also offer simple customization options.
Together with ELO ECM Suite, the ELO Business Solutions form the perfect foundation for digitalizing your company end-to-end.
