GoInvoice:
Freight Bill Audit Software & Invoice Matching System

A big yes. There are several limitations. The manual invoice reconciliation process is time-consuming, depends heavily on human efficiency and therefore prone to errors. This inefficient process can lead to incorrect, duplicate invoices leading to overpayments. The lack of standardisation, transparency, and a consolidated repository to document the invoices make the auditing process tedious. In short, manual invoice reconciliation makes your freight audit process a total hassle.

A freight audit is a process of verifying freight bills. The freight bill is the invoice from a carrier to the shipper, specifying the total charges for the freight shipment. The freight bills are checked for accuracy in a freight audit process by ensuring that the actual cost charged matches the quoted price. If discrepancies between the two go unnoticed for a more extended period, it can significantly affect your profitability.

Yes, we have an exclusive module called GoInvoice, which can automate your entire freight invoice reconciliation process. This module helps you overcome all the limitations of a manual invoice reconciliation process, saves hundreds of hours, enables significant cost savings and most importantly, makes your auditing process entirely hassle-free.

GoComet's GoInvoice automated invoice matching compares the freight invoice uploaded by your vendor with the original quotation shared by the vendor. In case of discrepancies, the invoice matching system automatically notifies the vendor by highlighting the errors. The vendor has to correct the invoice and re-upload it again on GoComet’s platform. The invoice comes to your approval only after the vendor sorts out all the discrepancies and when the invoice submitted matches the original quote. This ensures error-free invoice processing.

You only need to auto-approve the final invoice that comes to you after the vendor has sorted out all the discrepancies and the charges between the original and the uploaded invoices match. This takes just a couple of seconds and is a straightforward process. Our convenient in-built workflow ensures that you only spend a few seconds for the auto-approval as against the vast number of hours spent in a typical manual invoice reconciliation process.

Yes, definitely. You can integrate our invoice matching system with your finance department's internal systems for their information and initiate the payment process very easily.

Our clients have saved over 80% of manual invoice processing time and have redirected their person-hours to more critical tasks. We have also brought down the errors in invoice processing by more than 75%.

• A blend of intelligent Optical Character Recognition (iOCR), natural language processing and AI to match the initial and the final invoice to identify errors and inaccuracies
• Automatic rejection of duplicate invoices
• Auto-notification to vendors about inaccuracies in invoices
• Multi-language support
• A cloud-based repository for storing invoices
• In-built workflow automation
• Quicker approval and faster payment cycles
• Seamless auditing process
• Easy integration with existing systems
• Cloud-based, intuitive and easy to use dashboard
• Minimal deployment time
• Data insights to save costs and time

Yes, we can provide you with a customized solution that can suit the type/size of your business and your primary requirements.

We have leading global brands from across 35+ countries using our solutions. Our clients belong to (but are not limited to) agricultural commodities, automotive, chemicals, electrical and engineering equipment, metal, FMCG, paper, pharmaceuticals, plastics, rubber, stone glass and cement, textile, biotechnology/medical devices, oleochemicals, solar and renewable energy.

It includes and supports other languages as well.

Yes. By default, all your invoice data gets digitised paving way for easy analysis and generating actionable insights based on the data. Our easy-to-understand reports give you deeper insights into cost savings opportunities and optimising the process.

Yes, definitely. Please click here for a free demo.