Accurately Validate Invoices
Global sourcing and contract manufacturing can drive costs down, but the increased complexity and ambiguities involved in service-based pricing introduce new challenges. E2open’s Contract Compliance application provides total visibility into actual materials and process costs at all stages of manufacturing. Efficient contract management and the accurate calculation of service-based costs reduce invoicing errors and inappropriate expenses.
Avoid Overpaying for Services Rendered
Remove the headache of matching invoiced costs to actual services delivered and contractual rates. Automated validation of supplier charges enables you to avoid overpayments.
Key features help eliminate erroneous invoices:
Detailed manufacturing data model to calculate payment charges based on actual work-in-process activity at partner locations
End-to-end validation through five-way matching among contracts, purchase orders, shipping, receipts and invoices
Support for tiered-component purchase pricing, specialized service contracts, foundry assembly test contracts, logistics and warehouse contracts, and retail contracts
Spend analytics dashboards and workflows to monitor supplier performance and collaborate effectively
Elimination of manual invoice reconciliation costs
Better supplier relationships due to reduced payment cycle times