Real Estate & Construction Industry
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Real Estate &
Construction Industry

Gain control over your financials by taking the automation route

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Real Estate and Construction

 

Gain control over your financials by taking the automation route

Is it sunny days ahead for the real estate and construction industry once again? As the US economy shows signs of improvement, companies can look forward to increase funding for new deals and better access to equity capital. Backed by strong fundamentals, the industry looks to achieve faster growth, better operational efficiency, and enhanced customer satisfaction.

 

Key focus areas

  • Managing the impact of changes to the Affordable Care Act and Federal Tax laws on companies’ operations and bottom line
  • Boosting operational efficiency by driving process improvements, and implementing robust back-office management technologies
  • Driving organic growth with a deeper focus on innovative pricing strategies, and geographic expansion
  • Investing in digital and ensuring stronger cyber security to mitigate the risk of data breaches

 

Real estate and construction companies are increasingly capitalizing on accounts payables best practices to make way for informed decision making and improved financial operations.

Key challenges in real estate and construction

 

Inspite of increasing automation, the real estate and construction industry continues to predominantly operate with paper-intensive processes. As a result, companies have inadequate control over business information, which ultimately hinders effective decision making.

 

Unique pricing and invoicing situations

  • Complex invoicing landscape open to errors and exceptions
  • Invoices from different construction projects pass through several touch points, and require multiple levels of approvals from users across locations
  • Existence of many short-term business partners unwilling to integrate with a company’s invoicing platform
  • Frequent conditional payments to subcontractors, and the subsequent need for integrated processes to manage the complexities

Key challenges

  • Real Estate
    Slashing payment processing costs
  • Real Estate
    Reducing the AP workload by eliminating tedious, paper-based processes
  • Real Estate
    Improving invoicing processes to be able to scale for growth
  • Real Estate
    Having in place stronger controls, including robust spend monitoring
  • Real Estate
    Capturing consolidated enterprise-wide information
  • Real Estate
    Effectively complying with tax laws and compliance requirements

Bank on Invocus. Get rid of inefficiencies.

 

If you are looking to automate your accounts payable processes, Invocus can give you the desired head start with our proven end-to-end e-Invoicing solution suite. Equipped with streamlined workflows and robust analytics, our solution is tailored to your evolving industry requirements, and will empower you to achieve higher ROIs in your AP processes.

 

Leverage Invocus’ touchless invoicing solution suite to optimize your business transactions and improve your financial performance

 

What we help you achieve

 
  • Create a well-oiled invoice processing cycle, leading to better management of inventory as well as vendor, contractor and subcontractor relationships
  • Enjoy increased discounts and rebates from vendors
  • Provide consolidated reports to key stakeholders and senior management to help them make well-informed decisions
  • Ensure integration with all leading real estate accounting systems
  • Gain better visibility into budget and actual expenditure, create reliable financial forecasts
  • Manage growth without having to hire more resources

BENEFITS OF INVOCUS PORTAL BASED TOUCHLESS E-INVOICING SUITE

 

SUPPLIER INFORMATION MANAGEMENT

  • Compliant onboarding via supplier portal for self-registration
  • Effective data management via centralized repository, hassle-free document tracking, and audit trail management
  • Supplier risk management through data enrichment, risk alerts and risk scores

SUPPLIER SELF-SERVICE E-INVOICING

  • Easy payment tracking along with status updates, and configurable alerts on pending requests
  • Any format invoicing, with ICR to extract invoices from images
  • Early payment discounts with automatic calculation of discount due dates and amount

TOUCHLESS INVOICE PROCESSING

  • Automated 2-way and 3-way matching, along with easy exception handling
  • Customizable and condition-based approval workflows
  • Downloadable pre-canned reports, with easyconversion to charts and graphs

DYNAMIC DISCOUNTING

  • Customization of your dynamic discounting program based on savings targets
  • Easy collaboration with suppliers on program roll-out, payment dates and discount values
  • Centralized tracking of program savings and supplier acceptance

See E-Invoicing In Action
 
Our Solution Consultants will show you the power of AP Automation, discuss use-cases, and help your business transform payables into strategic assets.