Invoice consolidation and payment processing is a key element to an active and engaged supply chain.  Eagle Workforce Management streamlines the process to improve accuracy, efficiency and timeliness. Here are a few components:

Electronic Timecard and Automated Approval Process

 

Every engaged contractor will have access to a time entry system. Suppliers will also be able to enter time on the contractor’s behalf to expedite the process. Hiring managers can view and approve the time on-line as well. Approval hierarchies are an element in this as well.

Invoice Consolidation

 

All vendor invoices are also submitted and approved for payment on-line. A single invoice is processed with appropriate client required information to increase accuracy and improve timeliness of payment. Supplier payment that is quick and accurate is a very important element of every program.

Invoice Reconciliation

 

There are multiple points in the workflows to ensure accuracy prior to payment processing. However, when an error occurs, disputes and reconciliation are completed very quickly and tracked electronically to ensure accuracy.

Financial Reporting

 

All financial elements are available for real-time review. Not only approved and paid invoices but items including: work hour performed but not yet invoiced, purchase orders that have been approved but yet to begin work, rate information across geographies/departments/suppliers, YTD spend by geography/department/supplier, etc. Any element of any engagement through Eagle Workforce Management is available real-time for client review.