Making it easy for employees in complex organisations
to buy the right things from the right suppliers
at the right prices

Wax Digital is Europe’s leading provider of on-demand P2P. Our web3 solution set for P2P comprises the following application modules:

Master Data Management
Purchasing
Transaxions
Invoice matching
Reporting
Forecasting

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The Bullet-Proof Business Case

Find out more about the industry's most compelling business case for eProcurement.

Modular Architecture         Please click here for a graphical overview of how our web3 modules for P2P and eSourcing work together

Wax Digital Invoice Matching

Wax Digital Source-to-Pay solutions are designed to greatly reduce the incidence of paper invoices, delivering total automation of the requisition to payment lifecycle for the majority of transactions and suppliers. Nonetheless, it is almost impossible to eradicate paper invoices completely, and Wax Digital Invoice Matching provides a comprehensive mechanism for handling and processing such invoices.

The Invoice Matching module enables the capture of invoice data via multiple mechanisms – including paper, scanned images and direct data feeds – with sophisticated matching engines to verify invoice accuracy and comprehensive workflow and audit tools for rapid and efficient discrepancy resolution. Intelligent search capabilities make finding relevant documents simple (eg near-match POs) and matching at line level means an invoice can be matched to multiple purchase orders, or multiple purchase orders can be mapped to an individual invoice.

Configurable business logic gives accounts payable staff the ability – within parameters defined by the business on a role by role basis – to force a match where appropriate and where further intelligence or advice is required, automated workflows ensure that documents are routed quickly and accurately to employees across the enterprise for resolution. In addition, a range of options exist for generating and handling credits, debits and other resolutions to ensure that all documents can be successfully balanced and closed.

Where no purchase order data exists on the system to match against an inbound invoice, suitably authorised users can retrospectively generate PO data – including all cost centre/budget allocation and coding – while the system automatically ensures that all the necessary approvals are electronically secured.

Once invoices have been successfully matched they are passed to the ERP system for payment, typically with a return message to update on payment status that can be displayed to suppliers via the supplier portal, thereby reducing invoice payment queries by allowing suppliers to self-serve this information.

Wax Digital Invoice matching can be delivered as part of a wider source-to-pay solution set, or as a stand-alone system, in either case delivering increased productivity, much lower costs and significantly improved internal controls.

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To find out more please contact us via this form or call on +44 (0) 161 3678375.

	P2P Delivery		P2P Return on Investment		P2P On-demand
There's no escaping the fact that enterprise P2P is a large scale, complex project. Be prepared...		The potential efficiency gains and cost savings are huge - here we examine just a few.		Why on-demand, web-based solutions work for P2P, and why we think ours work best of all.