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Digital Solutions

Invoice Processing Solution

Enhance the performance of your document processes with Principal’s Business Solutions.

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Automate your invoice processing

Invoicing processing is a critical activity to keep cash flowing through your business. Principal offers a completely automated solution to help you meet all your invoice processing challenges - enabling you to focus on your core business. Using our extensive global and local expertise we can seamlessly integrate an effective solution into your existing IT systems and provide tailored ongoing support.

Does your business face these challenges?

  • High Costs

    Manual invoice processing is slow, expensive and prone to errors. Research has shown that it costs on average £151 and 10 days to process an invoice. Data entry alone can take the majority of accounts payable time and 20% of invoices are paid late, often incurring financial penalties.

  • Low productivity and inefficiency

    Slow, inefficient invoice processing is costly. Lost documents increase the risk of errors and can be very time consuming – resolving discrepancies, handling disputes and answering supplier queries – as well as damaging to supplier relations, resulting in slower procurement.

  • Inadequate control

    Without proper control over the invoice process maintaining optimum cash flow is difficult - outstanding liabilities are unclear and correct forecasting can be severely hampered. It is also difficult to ensure efficiency unless you can easily analyse process performance.

  • Poor compliance

    Retrieving and auditing invoice data is essential to ensure it has been captured correctly. Data must also be securely archived – costly with bulky paper documents - to meet regulatory demands and mitigate fraud.

The Solution

Principal’s Invoice Processing Solution automates your invoice receipt, validation and approval workflow and allows you to process invoices up to 50% faster. From invoice scanning right through to archiving, invoices are processed quickly, efficiently and automatically. Errors are flagged and invoices are linked to purchase orders and delivery notes before being sent for authorisation, while reporting options put you in control.

Find the best digital solution for your business

Call 0333 240 8130

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Enabling our clients to print smarter

We analyse your existing infrastructure to see where you can save costs and improve your efficiency.

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“I was given all the information by Principal so I could make a direct comparison between print solutions.We needed Principal to step in and give us a plan of action.”

Giles Vertigan
Head of IT

Talk to our experts and optimise your print setup today

Principal can help you with all of your office print requirements, call us on 0333 240 8130

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