Mi Invoices is a SaaS automated invoice processing cloud service that is fully integrated into Oracle Fusion and E-Business Suite ERP applications, automating the processing of supplier invoices with full exception handling and workflow to enable invoice automation. With true “Single Screen Processing,” the user accesses one application to manage invoices and has an adaptable GUI to ANY language.
Providing Intelligent Document Recognition that can automatically match Purchase Order invoices through a Simple Match, either a PO Header level auto-completion or line match. The solution can also communicate directly with your suppliers. An example would be where there is No PO number on the invoice, and there is a No PO, No Pay policy, the user in AP can reject the invoice directly back to the supplier to resolve the issue within minutes.
Mi Invoices SaaS invoice processing software solution requires minimal implementation effort enabling rapid deployment for customers to maximise the benefit of the solution instantly and can guarantee a reduction in manual effort to process invoices.
The importance of integration is massively overlooked. Why? Because the whole point of automation is to save time and money, which is the opposite of a flat file with no integration and data imported into your ERP.
Our integration allows the full benefit of validating the data your ERP requires from an invoice. ensuring there are no errors or additional manual tasks.
In this episode, we will talk about Intelligent Document Recognition and the additional benefits Mi Invoices provides Oracle Fusion ERP Cloud Accounts Payable to enable efficient Invoice Processing.
In this episode, we are inside Oracle eBusiness Suite, using the PaperClip to show how you can retrieve and view the Invoice Image and Audit File created by Mi Invoice
Mi Invoices supports Single Sign-On, SSO via compliance with SAML 2.0. Access is controlled by user authentication and by roles and groups. This can be linked to your Active Directory or by SAML 2.0 to control and manage the users' access rights. This ensures who has authorised access and to what they can do or see.
“No PO No Pay” is a simple concept: If an invoice is received from a supplier with No PO associated with it, the invoice will not get paid. The overriding objective is to improve efficiencies in your business procurement processes – making it easier to track expenditure through the purchase order history and it promotes best practices in channelling company expenditure through a formalised procurement process.
As automation continues to revolutionize the world of invoicing, it's important to address one crucial question - how do we handle tax?
We have implemented various solutions for our clients, but we've come to realize that simply handling tax within the invoicing process is no longer enough. Instead, we've shifted our approach to ask our clients, "What tax engine have you implemented?"
Want to ensure the success of your invoice automation? Look no further than master data. This crucial element drives the Source to Settle processes, making it essential for accurate and up-to-date procure-to-pay processes. With master data, you can verify the accuracy of extracted invoice data, ensure compliance, and eliminate manual data entry. Streamline your invoicing process and follow the correct payment process with the power of master data. Don't miss out on this key component for supply chain automation success.