Digitalize your invoice flow
Save time and money and quality assure your invoice management. Flexible, cost-efficient and environmentally friendly
Why you need Electronic Invoice Management
We know how time-consuming it is to manage invoices manually. This is why we deliver speedy, seamless invoice management right inside Monitor ERP. Each invoice is registered in the ERP system where it can be quickly verified and authorized, so you can get on with your day-to-day work.
The interpretation function integrated into Monitor EIM helps eliminate human error and provides a good overview of your invoices as well as a far quicker authorization flow.
- This gives you greater control
- It streamlines your processes
- It saves valuable time
- It allows you to process all formats in the same way
Electronic Invoice Management (EIM)
May 30
With Monitor EIM, electronic invoice management, work becomes equally easy no matter where you are. It's flexible, cost-effective, and environmentally friendly. In the latest version of EIM, several new powerful tools are now available that will change your everyday life.
Join this webinar to learn more about EIM, the leading solution for expense management in the manufacturing industry.
Let the interpreter do the heavy lifting
In this film we look at the amount of time you can save by using Monitor EIM, with automatic interpretation of supplier invoices.
- All invoices are registered and captured seamlessly in Monitor, whatever the format
- The intelligent interpretation function scans your invoices and ensures the right data ends up in the right place in the system
Four reasons to use Electronic Invoice Management
Speed
Win time and work smart
Always correct
Keep it green
100% digital
In this film, we talk about our journey towards a fully digital invoice flow here at Monitor ERP System, and look at the benefits it provided.
Getting started with Electronic Invoice Management
This is how Electronic Invoice Management works
Electronic Invoice Management
Supplier invoices can be received in Monitor ERP through various channels:
- Invoices (paper) that are scanned as PDF files and placed in a specific directory (inbox)
- Invoices (PDF) via email that are directly pulled from the email program and opened in an invoice viewing window.
- Monitor-to-Monitor e-invoices (XML+PDF) that are placed in a specific directory (inbox)
- Invoices (paper) that are scanned, interpreted, and then automatically imported
- E-invoices that are automatically imported
- Invoices (PDF) via email that are automatically interpreted and need to be verified in Monitor ERP before being registered
Interpreter
Electronic Invoice Management
- Activate the function for invoice interpretation and import linked to CrossState via Monitor ERP
- This facilitates arrival registration through automatic data registration from supplier invoices
- Combine with Electronic Invoice Management to automate the entire invoice flow in Monitor ERP
E-invoice
Electronic Invoice Management
- Activate a function to import e-invoices in Electronic Invoice Management. This allows your suppliers to send e-invoices to you which will be automatically imported into Monitor ERP
- You can also activate a function to export e-invoices. With this feature, you can send e-invoices to your customers
Frequently asked questions about invoice capture
How do I get up and running with automatic invoice capture
You can activate the interpretation function in EIM yourself. This is fully integrated into Monitor G5.
Just follow these steps:
1. Read through our Terms and prices for the interpretation function in EIM.
2. Activate the interpretation function in Monitor G5.
3. You’re all set! There’s no fixed term for the service, and you’ll only pay for the number of invoices you interpret.
Need more help?
Is there a charge to interpret invoices automatically?
The cost per invoice interpreted is based on the number of invoices processed.
Price per invoice RECEIVED in Monitor as follows (SEK)*:
-
Invoice interpretation: +4.90
-
E-invoice: +2.85
* These prices apply if you interpret 1–10,000 invoices a year. For full prices and terms, visit this page.
E-invoices can also be sent from Monitor to the customer via Crediflow, our partner. Prices per invoices SENT from Monitor as follows (SEK)*:
-
E-invoice: +2.85
* These prices apply if you interpret 1–10,000 invoices a year. For comprehensive prices and terms, visit this page.
How much time can I save with automatic interpretation of invoices?
Naturally, it depends how quickly you can process them manually. As well as how many invoices you usually handle. In our semi-scientific (!) speed test we established that processing was seven (7) times quicker using invoice capture.
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