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InvoiceFirewall

Indicative business case

InvoiceFirewall is best practice in modern digital creditor accounting.
The most trivial routine tasks are automated.
Suppliers are helped to invoice correctly
- and 100% electronically.

This indicative business case is based on experience
from other customer projects
as well as your invoice volume information.

 

Potential annual savings

Number of invoices per year: 10.000

Savings through automatic invoice checks:

Percentage of invoices that must be reworked
25 %
Finishing time per incorrect invoice
3 min.
Hourly wage
40 EUR
Savings through automatic invoice checks
5.000 EUR

Savings by increasing the share of e-invoices to 100%

Number of invoices that will be converted from PDF / paper to e-mail
9.000
Time consumption for input, scanning / OCR, templates etc.
2 min.
Hourly wage
40 EUR
Savings by increasing the proportion of e-invoices
12.000 EUR
Total saving potential per year
17.000 EUR

Investments

Implementation of InvoiceFirewall
10.500 EUR
InvoiceFirewall subscription per month
1.100 EUR
Costs for the first year
23.700 EUR
Second year costs
13.200 EUR
Expected annual net savings from year two
3.800 EUR


**The business case is based on a standard implementation with two business rules and integration to the ERP system.
efacto has more than 5,000 customers for automatic
processing of supplier invoices

This is how InvoiceFirewall works

  • InvoiceFirewall goes through your supplier lists and finds the suppliers that can be transferred directly to sending e-invoices.
  • Suppliers who are not able to send e-invoices are offered a portal from which they can send invoices electronically easily and free of charge.
  • All e-invoices are checked according to the rules specified by the customer. If the invoice contains deficiencies or errors, it is automatically sent back to the supplier, who corrects them in the build-in web interface.
  • Automation means that invoices no longer need to be processed with OCR because they are now received electronically.
  • The system generates purchase reports for supplier and item information.
5 Reasons why you should consider InvoiceFirewall
1. There is great potential for savings now and in the future.
2. Getting all suppliers to send e-invoices is an ongoing, manual process that InvoiceFirewall handles automatically.
3. Employee time is freed up for other, more value-creating tasks.
4. You strengthen the relationship with the suppliers through an intelligent e-invoice portal and punctual payment.
5. You get a powerful reporting tool that shows the purchase volume for each supplier.
Additional benefits of the system
- You get a communication platform with e-mail templates for your suppliers. InvoiceFirewall sends both emails and reminders automatically. It saves a lot of administrative work.
- Job satisfaction in your team increases because employees can focus on more exciting tasks instead of tracking incorrect invoices.
- You get greater security that invoices will be paid on time, which saves dunning fees and default interest.
- You reduce the risk of fraud because the system blocks duplicates of invoices or invoices from suppliers that have been blacklisted by the bank.

InvoiceFirewall is compatible with all ERP and invoice workflow systems.
The implementation takes about 4-6 weeks.
The faster you get started, the greater the savings.