The Matching Overview report in InvoiceReady is a powerful tool for evaluating the efficiency of purchase invoice matching against purchase orders and contracts. It provides a comprehensive analysis of:

• Matching Efficiency: Gain insights into how invoices align with external system purchase orders, InvoiceReady purchase orders, and contracts.
• Metrics for Decision-making: Distinguish between maverick buying and matching options to make strategic decisions.
• Automation Evaluation: Evaluate the level of automation in purchase order and approval processes to streamline operations.

Benefits:

• Clear Visual Indicators: Visual cues offer insights into automation progress and areas for development.
• Trend Analysis: Analyze trends to gauge organizational progress and identify opportunities for enhanced automation.
• Process Optimization: Identify best-performing strategies and areas for improvement to enhance overall efficiency.

The User Actions Report provides valuable insights into potential bottlenecks within workflow processes. Key features include:

• Pain Point Identification: Identify specific pain points in the workflow process for targeted improvements.
• Benchmarking: Benchmark your organization's performance against peers to foster continuous improvement.
• Data-driven Decision-making: Utilize actionable data to evaluate and enhance workflow speed and automation.

Benefits:

• Targeted Improvements: Direct corrective measures to specific workflow areas, improving overall efficiency.
• Performance Benchmarking: Benchmark against industry standards to identify areas for enhancement.
• Informed Decision-making: Use actionable data to optimize workflow processes and automation.

Gain a comprehensive overview of transactions within the workflow with the Number of Transactions report. This report offers insights into:

• Transaction Summary: Understand transaction dynamics categorized by type and status.
• Invoice Origins: Identify the sources of purchase invoices for better procurement management.
• Archived Data Management: Track cumulative disk usage of archived data for efficient storage management.
• Document Archiving: Monitor open archived documents by type for improved document management practices.

Benefits:

• Insightful Analysis: Gain insights into transactional volume and document management practices.
• Efficiency Enhancements: Identify inefficiencies, such as manual data entry, for process improvement.
• Digital Transformation Opportunities: Spot areas for transitioning to modern invoicing solutions for enhanced efficiency.

The Workflow Overview report offers a comprehensive snapshot of transactions currently in progress. Key features include:

• Total Transaction Count: Instantly visualize the volume of transactions in the workflow.
• Purchase Invoice Origin Details: Dive deeper into the origin of purchase invoices for procurement insights.
• Transaction Forecast: Receive forecasts on transaction due dates and amounts for proactive planning.
• Processing Time Analysis: Gain insights into average processing times for workflow optimization.

Benefits:

• Seamless Navigation: Easily navigate through transaction counts and statuses for efficient workflow management.
• Tailored Insights: Segment data for different organizational units for targeted insights.
• Proactive Planning: Identify upcoming expenses and pending transactions for proactive decision-making.

InvoiceReady goes beyond built-in reports with the Archive Search tool. This feature enables users to analyze both archived and ongoing transactions, along with Open Archive documents. Key functionalities include:

• Comprehensive Analysis: Access archived transactions and those currently in progress for thorough analysis.
• Integration Flexibility: Easily print lists and details for integration into third-party applications.
• Visibility: Gain visibility into archived transactions, Open Archive documents, and transactions in progress.

Additional Reporting Features: 

• IR provides tools for generating report files, such as an ongoing accrual report.
  • For example: all invoices pending approval could be compiled into a daily report for analysis and evaluation of future expenses.
• Reports can be generated as ASCII/CSV or XML files, with customizable structure and content to fit customer needs.
• Reports can be scheduled for automatic generation, allowing a steady flow of data out of IR and into 3rd party analytics tools.

With InvoiceReady's robust reporting tools, businesses can unlock valuable insights to optimize operations, enhance efficiency, and drive growth. From evaluating matching efficiency to identifying workflow bottlenecks, these reports empower organizations to make informed decisions and stay ahead in today's competitive landscape.

For further assistance, Please contact Basware support via chat by clicking the button available on the support portal.