EleVia’s Electronic Invoicing liberates your accounting staff and Project Managers with a more efficient invoicing process.
Conventional invoicing is a tedious process with manual steps that increase the risk of error and decrease visibility into project performance. These factors significantly impact Days Sales Outstanding (DSO) and Time To Invoice (TTI).
Benefits
Project Managers
- Reduce time spent on manual invoice review and approval
- Real-time performance grid provides a dashboard view of all projects financial performance
- Receive real-time notifications when an invoice is ready for review, mark-up, and approval
- View a snapshot of all jobs without creating separate reports including job-to-date billed fees, fixed-fees remaining, and project variances in one easy-to-use, consolidated screen
Accounting/Finance Team
- Streamline the invoice review, markup, and approval process
- Shorten delays in the billing cycle due to invoice review
- Reduce time to assemble client-required documents
- Easily create invoice packages
Executive Team
- Easily view financial performance at a glance
- Decrease overhead costs by decreasing administrative workload and eliminating paper waste
- Review Time to Invoice trends
“We reduced DSO by five days in the first year of implementing EleVia Electronic Invoicing. We also increased productivity in our Billing Department by 20%.”
Dawn Dostie, National Billing Manager, TRC
Capabilities
Improve TTI and DSO with a powerful performance dashboard to enable users to invoice faster and more accurately
Increase productivity when reviewing, marking up, and approving invoices
