Improve visibility over, and the turnaround time of invoices, by using the Invoice API that ensures simplified and centralised processing that helps to get you paid qiuicker. There are many positives for both the buyer and the supplier, when they collaborate with the invoicing API. For example a reduction in the complexity of receiving and processing an invoice, due to the fact that it is sent and received directly from the platform into your own invoice system, with minimal touch points. Our Invoicing API has been built in cooperation with Eye-Share.
1. Improved Visibility & Reporting
2. Get Paid Quicker & Improve Cash Flow Forecasting
3. Reduce Errors and Transaction Costs
Improved Visibility & Reporting
By tying the invoice to the trade process, you align the transaction flow together which in turn gives you improved visibility over both. You are able to filter and view invoices as well as check on the status.
Get Paid Quicker & Improve Cash Flow Forecasting
Direct, centralised invoicing speeds up the process. By removing the manual process of sending an invoice to your buyers finance team, where your invoice is one of hundreds, and instead choosing to send via the API you will receive a 'Read' notification once the buyer has opened it so you know that the payment process has begun. The process of tying the invoice to the transaction also enables the finance to approve the invoice much quicker. And with all your invoices, and invoice statuses in one place, forecasting revenues becomes much simpler.
Reduce Errors and Transaction Costs
Remove the potential for human error that creates friction in the invoicing process, as well as time delays to payment. It is estimated that automated invoicing can reduce time spent on admin by as much as 20 hours a week. In addition, manually processing invoices is a huge unseen labour cost, which can be reduced by automation.
For example, with our Invoicing API Buyers, will be able to perform the following activities directly from their system:
Get the list of new invoices and credit-notes
Import all new invoices, credit-notes and supporting documents into your invoicing system.
Mark a document as exported which will serve as an acknowledgment to your suppliers.
Basic Filtering & Sorting - retrieve paged list, filter by header information such as reference number, PO number, Supplier, vessel IMO and more.
As a Supplier, you will be able to perform the following activities (using Invoicing API):
If you have an integration with ShipServ, you will be able to send invoices, credit-notes and related documents directly from your system.
If you do not have an integration with ShipServ, you will still be able to upload and send the invoices, credit-notes and supporting documents use ShipServ's Trade Platform.
Receive a "READ" status, which will serve as an acknowledgment response from your buyer.
Contact us to find out more about Invoicing API
About ShipServ. The ShipServ trading network is the most extensive, adopted, and in-depth integrated online platform built for the Blue Economy. ShipServ connects professional buyers and suppliers, simply and securely, to drive business opportunities and sustainable growth. ShipServ Trade interconnects buying and selling processes in a simple, secure, and sustainable manner.www.shipserv.com