Phoenix is the software platform that eliminates bill processing waste and overhead.
10% of Bills have errors
Bills you receive are incorrect. This is due to various reasons (bill cycle differences, mistakes on ordering, mistakes on processing). SKUs are incorrectly billed, and worse may not have been even ordered. Bill processing mistakes occur in many industries including financial service, manufacturing, telecommunications, healthcare. Phoenix is the software platform that verifies each bill, by line item, against contracted amounts and your existing inventory system.
No Detailed Visibility
Through the Phoenix normalization process, all incoming bills are converted into a common format. This format can be exported to various accounting systems, including SAP™, MAS500™, or even Quickbooks. By having all your bills in a common format, there is no need to decipher every known bill format. Let the software do it for you. You can be assured that bills have been verified and 'scrubbed' against your contracts and your inventory systems prior to heading to Accounts Payables.
Forget Late Payments, Get Discounts Instead
Through the Phoenix verification process, bills are verified against what you should be paying. This process takes seconds upon receipt of a bill. You will be able to immediately pay for the amounts that are correct, and dispute only the amounts that are not correct. In fact you may be eligible for early payments from your Vendors. No more Late Payment Fees!
Track your disputed amounts
Through the Phoenix claims process, incorrect line items are flagged and tracked by the system. Close out these claims when your vendor credits your account.
Dig into the data via Reports
Imagine having detailed profitability insight at a SKU level. Using what is actually being billed, Phoenix provides true visibility into your profit margins via reports.
Get up and running quick!
Phoenix is a SAS solution, but can also be deployed in-house.