Accounts Receivable

• Invoice uploading – invoices are sent through a secure portal, with a choice of transmission methods.
• Buyer alert – the system sends an email to the buyer telling them that a new invoice has been posted and requires action.
• Data interchange – allows the buyer to export data into their accounting system.
• Status reports – you can access the portal to see if your invoice has been viewed or processed by the buyer.
• Exchange of financial documentation – in addition to invoices and purchase orders, buyers and suppliers can send statements, order confirmations, quotations and remittances.
• Dispute resolution – the service enables automated and free format exchange of information between buyers and suppliers.
• Clear audit trail – you have a full record of every transaction and user event.
• Management information – delivering up-to-date and accurate data designed to give your business the insight it needs.
• Archiving – data sent to the portal is stored for a minimum of 12 months to satisfy all relevant regulatory requirements. RBS can store data for longer periods should this be required.

Works with your existing systems - We recognise that your business has already made a significant investment in billing and accounting systems. That's why we've designed our service to work seamlessly with any system - no matter who the vendor or what the data format. It removes error-prone manual processes, helping to reduce your costs and improve customer relations.

What can the system do?

• Automate your processes – create, send and present invoices securely. You can also receive and process purchase orders.
• Work with any system – invoices are automatically delivered to your customers in their preferred format.
• Speed up settlement – the online dispute resolution capability of e-invoicing can facilitate a reduction in debtor days.
• Improve efficiencies – customers and their trading partners see a reduction in manual input, coupled with enhanced debtor management and improved cash-flow.
• Reduce delivery costs – remove the postage, labour and logistics costs associated with paper invoices. The system promises near-instant secure delivery, and eliminates 'lost in the post' invoices.
• Improve management information – real-time, reliable data allows you to plan your cash-flow.

Our service is designed to remove the barriers, and ensure everyone is able to benefit from e-invoicing. There's absolutely no need for customers to buy in additional software, hardware or training.

e-invoicing is good for your business, good for your customers.

Your business has already invested in sophisticated billing and accounting systems. Our solution works seamlessly with these systems – no matter the vendor or the data format.

It removes error-prone manual processes, helping to reduce your costs and improve customer relations.