Set up electronic invoice workflows optimally for any size of company
Depending on their industry, company size and phase, businesses have different requirements for processing incoming invoices. With invoice workflows, you can define rules for processing, approving and verifying invoices in your company. In digital invoice workflows, triggers such as cost center, amount or supplier trigger the workflows, which efficiently involve any number of people in the process. In a tool like finway you can define generic as well as specific workflows and put them into a desired hierarchy. This gives you a tool to create scalable processes and flexibly adapt your processes as your company grows.
Invoice workflow software or holistic spend management solution?
With a financial operating system like finway, you get a comprehensive tool that combines invoice workflows with payments via card or bank connection, mobile app, preparatory accounting, budget control and liquidity planning in one spend management platform. At the same time, the workflows fit perfectly into the system, so you can automate processes in your company without having to use another software. finway’s digital invoice workflows adapt completely to your business processes, not the other way around.
Furthermore, there are tools that specialize only in invoice workflows. This means additional software and usually additional work for you and your employees. Plus, there is a risk of media discontinuity in connection with errors and loss of information – especially if the invoice workflow software cannot be seamlessly integrated into your existing systems.
Process invoices faster end-to-end with finway using rule-based workflows and benefit from efficient and scalable financial processes – from one source and centrally in one software.