Cylon Technology

UpsideBilling automates verification of invoices and bills, as well as the processes for finding errors, exceptions, and special conditions; then dynamically determines the workflow required for each document and/or line item. The automated inspection of invoices commonly includes confirmation of quantities, price, timing, billing terms, etc. based on a contract.
In addition to validation of invoices, UpsideBilling can generate automatic payments in response to un-invoiced events or milestones under a contract.
In support of sell-side business, UpsideBilling can be used to automate the creation of outgoing invoices and bills based on contracted activities.

Approved invoices and bills (those that pass automated inspection, have been manually approved, or that have been generated by the system) are passed to the appropriate system(s) (e.g., ERP) for continued processing, either for payment (for incoming invoices) or for distribution (for outgoing bills).

A secure external vendor portal allows suppliers to enter and submit invoices resulting in a faster turnaround time for invoice processing, while reducing overall cost of ownership.

Benefits

Typical organizations receive and send thousands of invoices / bills each month. By leveraging a flexible business rules engine, UpsideBilling automates and streamlines the review and approval processes, ensuring that invoices and bills fall within contracted parameters, thereby reducing irregularities, errors, and costly oversights. UpsideBilling also offers a secure external vendor portal allowing suppliers to enter and submit invoices online, resulting in a faster turnaround time for invoice processing while reducing overall cost of ownership.

Click here for more details on how UpsideBilling can benefit your organization.

High Level Features

Automated verification of invoices and bills – both incoming and outgoing.
Invoices can be entered and maintained directly through the UpsideBilling application or alternatively through interfaces, including EDI.
External supplier portal allows approved suppliers to enter and submit complete invoice information directly through a web-based portal.
Rules-based dynamic determination of workflow.
Automates project or contract-based payments.
Captures detail billing data for analysis to derive business intelligence about internal resource utilization and customer buying trends.

These are only a few of the many features that UpsideBilling offers. Click here to see the comprehensive UpsideBilling features list.