Ensuring invoice accuracy can be challenging and administration heavy. A common issue is when a transport invoice doesn’t match the contracted price list, leading to unnecessary costs. To mitigate this risk, Logivity introduces Logivity Invoice Matching – a service designed to detect discrepancies and automate cost control & simplify accounting.
The service Logivity Invoice Matching simply compares contracted cost with invoiced cost to identify and alert users about discrepancies. While some variations between contract and invoice may be valid due to unexpected changes or interruptions in terms of, for example, weight and volume, waiting times and missed deliveries due to unavailable recipients, accurate detection helps businesses maintain financial control and stakeholder trust.
Beyond discrepancy detection, Logivity Invoice Matching streamlines transport operations by automating complex verification tasks, such as rate calculations and currency conversions. In addition, the service also enhances cash flow management by ensuring timely and accurate payments while also reducing the risk of fraudulent invoices.
Developed in response to real-world customer needs, Logivity Invoice Matching has been rigorously tested in real-life conditions – with almost instant delivery of benefits in terms of time and money savings. One of our pilot collaborators states: “The deviations detected for only one of our logistics flows have saved us 180 000 SEK, deviations we never could have detected by our manual processes. Great value, immediately!”
Key Benefits & Cost Savings
Integrated accounting functionality ensures ease-of-use and monthly accuracy in financial reports, covering both debit and credit invoices. Centralized input for communication between transport buyers and carriers, eliminating the risk of lost email threads and text messages exchange. Simply smarter, automated Invoice Matching.
How It Works
- Sign up for the service
- Connect your data
- Automated alerts are activated .
- Analyze data for optimization opportunities
For further information, please contact:
Alexander Berg
Head of Sales, Logivity
Email: alexander.berg@logivity.com
Phone: +46 73 902 87 56