Automated Invoice Processing for Sage 50

The process begins when an emailed invoice arrives into the system. Verify intelligently captures relevant header and line item data from each invoice, including supplier name, invoice number, invoice date, PO number, net, VAT and gross. All submitted invoices show up instantly in the system, no more waiting for hours and hours for them to appear.

This saves you and your employees a significant amount of time typing invoice data directly into Sage 50 and ensures the data posted to your system is correct. Verify removes the need to print out your invoices or email them around the business for processing.

Verify will also identify if an invoice is a duplicate or a potential duplicate where it may have either the same invoice value in a similar date range or the same invoice number with a different value or date. This reduces your chances of making duplicate payments, saving you both time and money and the tricky task of trying to claw the money back.

If there is a relevant purchase order for an invoice, Verify will automatically post fully matched invoices, enabling straight-through processing. This means your staff no longer need to manually match invoices to POs, saving them time.

Verify allows you to have up to three levels of value-based approvals and unlimited approval routes. The system allows flexible invoice routing by department, nominal, supplier, project, etc. or custom routes created and designed by you.

In this way, Verify is designed to fit your specific business processes and allows you to control exactly who can take action on an invoice. Additionally, if a colleague leaves, moves departments, or if you have any new starters, it is easy to update the user responsible for different tasks. Verify allows unlimited users as standard, so everyone who needs to be on the system can be.

A common error a lot of businesses make is accidentally coding invoices to the incorrect area, causing accidental overspending on budgets. Verify makes coding more visible, all staff can see exactly what codes have been selected and which areas of the business they apply to. This means that invoices can be sent back if the coding is incorrect before committing to Sage 50. This reduces errors and overspending on values posted to incorrect budgets.

Remote and hybrid working brings new ways of processing invoices. If your business previously printed out invoices and left them on colleagues’ desks for approval, there would now be a delay if that person was out of the office. Switching to emailing invoices may reduce the time to view invoices, but it is also less controlled. Likewise, for businesses with multiple offices spread across the UK and even the world, posting invoices to these locations consumes time and could result in invoices being paid late.

With Verify, however, the relevant employees get their invoices for approval instantly. Verify is cloud-based with access via web browser, meaning anyone with a computer, laptop or even mobile phone can approve their invoices from anywhere at any time. When an employee has actions to take on an invoice, an email is sent out, with automated reminders for those slower to respond. This means your invoices are ready for payment sooner, reducing late payments, and ensuring only the correct employees approve their own invoices.

Once an invoice has been fully coded and approved it is automatically posted to Sage 50. This means you no longer have to spend your valuable time manually typing in invoice data into your system.

It is also easy to retrieve an image of the invoice from within Sage 50. A simple keyboard shortcut and your invoice is immediately visible. From here you can see an image of the invoice, the full audit trail and any relevant notes.

Verify allows you to see all the steps on an invoice’s journey, from the point of receiving the invoice into the system, getting it coded and approved, through to posting. You can even see who has simply looked at an invoice. This means you can maintain control over your finances, and it comes in handy at year-end.

Verify comes with completely free set-up and training. We also provide system support from 9-5.30 Monday-Friday as well as installations after hours if required. Verify is regularly updated, all updates to Verify are free and occur after hours, so you will never have any downtime. We always make you aware of any upcoming enhancements so you can prepare in advance.