Invoice Management
Transform your Invoice Management Process with EnKash
Make invoice management efficient, get greater visibility, and maintain better control over your financial operations.
How EnKash Invoice Management Works
Sign Up and Upload
Create your account and add invoices.
Approve
Set up approval workflows and process invoices efficiently.
Pay
Make payments using your preferred method, including EnKash credit lines.
Track & Report
Monitor progress and generate insights to improve financial planning.
Take Control of Your Invoice Process with EnKash
Centralized Dashboard for Complete Control
Manage all vendor invoices from a single, intuitive platform designed for maximum efficiency. With end-to-end visibility of the invoice lifecycle, track the status of every invoice to stay on top of your financial obligations.
Flexible Approval Processes for Business Needs
Design workflows that align perfectly with your organizational structure. Easily assign roles, set authorization levels, and create tailored approval hierarchies that ensure compliance without compromising on speed or accuracy.
Cash Flow Optimization for Timely Decisions
Utilize EnKash’s facilitated credit lines to enhance liquidity and maintain smooth operations. Extend payment deadlines strategically while strengthening relationships with vendors through consistent and timely payment processes.
Effortless ERP System Integration
Sync EnKash with major ERP platforms like Tally, SAP, and Zoho for seamless data flow. Avoid duplications, save time, and ensure data accuracy with synchronized invoice and payment records that simplify reconciliation.
Detailed Insights Through Advanced Reporting
Access real-time invoice statuses and generate comprehensive reports with ease. Use actionable data to refine your financial planning, identify trends, and make well-informed decisions for your business growth.
Start Managing Invoices the Smarter Way
Frequently Asked Questions (FAQs)
Have more questions?
01. What is invoice management?
A process that enables businesses to track and pay vendor invoices is invoice management. It involves receiving an invoice from the vendor, verifying it, paying the amount to the vendor, and recording the same for future reconciliation.
02. Why should I automate my invoicing process?
Top reasons to automate invoice processing:
No manual entry: Automated invoice management eliminates the need for manual entry into accounting systems
Easy verification: Accounting software verifies vendors and approves and rejects them based on the information provided. This helps in removing fraudulent cases
Access to information: The data on invoices can be easily viewed anytime and anywhere
Customized workflows: Businesses can define and customize their workflows as per their needs
Enhanced visibility: The visibility of invoice management is improved with real-time data availability for decision-making
Better vendor relationship management: The automation of invoices gives payment notifications and alerts ensuring vendor payments are done on time; improving relationships
03. What is the importance of E-Invoicing in ensuring quick payments?
The quicker processing of invoices with the automation software enables quicker payments. Businesses can make immediate payments for the invoices uploaded on the automation software. In fact, with EnKash bulk payments can also be made with a single click. These quick payments can also help avail early payment discounts enabling savings for the business.
04. Is it possible to generate an online bill?
You can upload invoices on EnKash with a few simple steps. Add the necessary details about the vendor, post KYC, upload the invoice, and make the payment via the invoicing software.
05. How do automatic invoice processes work?
When an invoice is received, it is uploaded and scanned via the automation software, and the data is extracted in the accounting system in the desired format automatically.
As soon as the data is recorded into the digital database, the invoice is converted into a text-searchable document that is mapped by the system so that the data entered into the system can be actively tracked within the ERP system.
The data stored includes the vendor’s name, purchase amount, details of the goods/services availed, etc., and provides a detailed account of the invoice, which can be shared with the concerned parties for review and payment approval.
Vendor post-KYC is added and payment is done if data is validated.
06. What are automated reminders in invoicing?
Automated reminders or notifications can help businesses make payments to vendors before the due date. Some of the vendors provide trade discounts on early payments which can help businesses to save their costs and add to their cash flow.
07. Why are multiple payment options important in invoicing?
Businesses can improve their cash flow by offering multiple payment options as this enables faster and efficient payment without any delay unlike in the case of traditional payment options like cheques. This also helps establish trust in the business.
08. What is an electronic invoice system?
An electronic invoice system digitally manages invoice creation, delivery, and processing between businesses and vendors. It helps reduce manual errors, speeds up approvals, and ensures compliance with regulations like GST. With EnKash’s electronic invoice system, you can bulk upload invoices, automate validations and approvals, and streamline payments—saving time and improving efficiency.
