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Open ECX Invoicing Icon

Transform Your P2P Process With Invoicing Automation

Our Invoicing solution removes time-consuming, manual tasks, and the business costs associated, by automating the processing of invoices and credit notes from your suppliers as part of your Purchase to Pay process.

Invoice data is extracted with 100% accuracy, then enriched and made available in your ERP, delivering an efficient, end-to-end digital process that is aligned with net-zero goals and supports businesses with their Prompt Payment commitments to suppliers. 

Key benefits of Open ECX Invoicing

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Drive Efficiency and Accuracy

100% data accuracy and automated workflows for
error-free and efficient accounts payable processing.

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Seamless ERP Integration

Our flexible AP automation software works with your existing systems for immediate impact and efficiency gains.

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Rapid Onboarding

Our dedicated team gets your suppliers set up quickly, maximising your ROI.

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Pay Suppliers on Time

Accelerated processing supports prompt payments. No system changes are required for your suppliers.

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Sustainability and Efficiency

Embrace eco-friendly digital invoicing and streamline your procure-to-pay operations.

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Fraud Detection

Bank detail verification and automated matching to safeguard your finances.

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Native Cloud Platform

Fully scalable SaaS solutions, architected in Azure with high availability.

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Customer-Centric Support

Our support team is dedicated to delivering outstanding levels of customer service.

Our customer community

“The relationships we’re now building with our suppliers are better thanks to Open ECX, and for us, that is the biggest benefit of the solution.”
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In the last year, we’ve processed over 60,000 invoices. Our partnership with Open ECX has allowed us to process 20,000 of those electronically in our first year, saving 60 days of manual input from one person.
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Open ECX has revolutionised our Accounts Payable function, introducing a digital way of working to reduce administration time and the cost associated with processing.
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How invoice automation can benefit your business

Open ECX's Invoicing solution isn't just about efficiency; it's about transforming your entire Accounts Payable function for better business results. 

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Finance & AP Team Efficiency

Eliminate time-consuming manual data entry and invoice handling with our AP automation software. 100% data extraction accuracy frees your teams to focus on strategic analysis, not error correction, and customisable workflows facilitate escalation and approval so finance teams can manage invoice processing with minimal intervention.

Open ECX Supplier Relationships Icon

Strengthen Supplier Relations

There’s no need for your suppliers to change their invoicing processes our system works with their existing formats and ways of working with no cost to suppliers, driving high adoption rates. Invoice queries are resolved quickly, before supply chains are impacted, supporting prompt payments and helping to strengthen your supplier relationships. 

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Seamless ERP Integration

Automated invoice processing integrates seamlessly with your ERP, driving better data quality for the entire organisation and creating a real-time flow of data throughout the invoicing process to complement your ERP investment. This single source of truth for invoices ensures accuracy of data to inform better decision-making, stronger forecasting, and an enhanced bottom line.

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Support Prompt Payment

The digital solution introduces a streamlined way of working, speeding up processing times and achieving 100% data extraction accuracy through our technology, helping to meet payment deadlines, and supporting businesses in delivering on their commitment to the Prompt Payment Code.

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Scalability That Grows With You

Your business grows, and Open ECX's Invoicing solution grows with you, handling increased invoice volumes with ease so you can scale to suit your business requirements without altering headcount. With advanced 3-way matching and intelligent error capture, you are in complete control of your procure-to-pay process.

Key features of Open ECX Invoicing

Invoicing - Line-level Detail Capture
Line-Level Detail
Capture

Easily extract essential data with 100% accuracy.

Invoicing - Intelligent Data Enrichment
Intelligent Data Enrichment

Enhance inbound data to meet ERP requirements.

Invoicing - Configurable Business Rules
Configurable Business Rules

Capture problematic transactions before they reach your ERP.

Invoicing - Automated 3-Way Matching
Automated 3-Way Matching

Validate invoice data against related POs and GRNs.

Invoicing - Flexible Approval Workflows
Flexible Approval Workflows

Tailor your multi-level approval hierarchies.

Invoicing - PO & Non-PO Invoice Support
PO and Non-PO Invoice Support

Comprehensive invoice coverage and support of all invoicing scenarios.

Customer Case Studies

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Our customer case studies provide a window into the real-world successes achieved through partnerships with Open ECX. From significant cost savings and efficiency improvements to strategic supplier relationships and streamlined operations, these case studies showcase the transformative effect our solutions have on businesses just like yours.

Are you ready to transform your P2P processes?

Get in touch

Tell us about your business needs and one of our experts will be in touch to arrange a personalised demonstration of how our award-winning Invoicing solution can revolutionise your processes.

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Resources

November 20, 2024

Precon Chooses Open ECX to Transform their Order Processing

Precon Products has chosen Open ECX to streamline its order-to-cash process, benefitting from a...
November 06, 2024

Open ECX win ‘Development Team of the Year’ at the Business UK Awards

Open ECX is proud to win 'Development Team of the Year' at the Business UK Awards 2024, celebrating...
October 14, 2024

Open ECX Bolsters Team Amid Expansion Into New Sectors

Open ECX expands into new sectors with recent business wins in food, healthcare, and engineering,...
September 27, 2024

Arco Chooses Open ECX to Automate Order Processing

Arco partners with Open ECX to automate order processing, boosting efficiency, reducing errors, and...
September 04, 2024

Open ECX partners with K8 to further digitise the supply chain

Open ECX partners with Kerridge Commercial Systems to offer K8 customers a Next Generation EDI...

Frequently Asked Questions

How does Open ECX’s invoice processing technology work?

Our solution goes beyond basic data extraction. We employ a unique conversion technology to achieve unparalleled data accuracy, eliminating costly errors. At the core is sophisticated 3-way matching that automatically compares invoices against purchase orders (POs) and goods received notes (GRNs), pinpointing any discrepancies at the line level or overall invoice level. You have the flexibility to use 2-way or 3-way matching as needed for different suppliers.

Can I control workflows and approvals?

Definitely. Open ECX enables you to define custom business rules and approval workflowsThese can be multi-level, ensuring the right people sign off on invoices. Approvals can be managed within the portal or through email, depending on your preference. Potential errors are automatically flagged and invoices routed back to suppliers before they hit your finance system, saving time and preventing inaccurate payments. 

How does automated invoice processing benefit my Accounts Payable team?

Open ECX automates time-consuming manual tasks, freeing up your AP team to focus on analysis and strategic initiatives. Our advanced 3-way matching and error detection significantly reduce workloads, while our 100% accuracy guarantee delivers peace of mind and eliminates time spent on costly corrections. 

Does Open ECX integrate with my ERP system?

Yes. We offer seamless integration with a wide range of ERP systems, ensuring compatibility with your existing technology stack. 

How will automated invoice processing impact my supplier relationships?

Suppliers appreciate Open ECX's flexibility since it requires no changes to their existing invoicing processes. This ease of use leads to high supplier adoption rate and smoother operations, strengthening supplier relationships, and supporting Prompt Payment. 

Can your invoice processing software handle large volumes of transactions?

Absolutely! Our scalable platform seamlessly handles any volume, growing alongside your organisation without compromising efficiency or speed.

How long does the implementation process take?

Implementation times vary but our dedicated onboarding team ensures a smooth and efficient setup in just a matter of weeks, so you can quickly start realising the benefits of Open ECX’s solutions.