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• Makes the customer invoice payment process transparent to vendors.
• Enables vendors to enter and submit invoices online, ensuring correct coding.
• Allows use of templates (including Excel) and import/export of data for repeatable processes
How was it developed?
Alto Exchange™ was developed to address a real need, and created from within a mid-size O&G producer, here in western Canada.
ICG and the producer had implemented Alto Accounts Payable ™. With the benefits gained from the producer using Alto AP, ICG identified the opportunity to extend the automation and transparency of the AP work process, out to the interface between vendors and producers.
ICG worked with the producer and suppliers, captured their concerns and developed a ground breaking B2B portal that creates a seamless connection between vendors and producers improving the quality, accuracy and speed of information flow. The result is Alto Exchange™.
What benefits does it deliver?
The O&G producer and vendors are all thrilled with the results! They report:
• Coding and pricing errors are eliminated through use of the Alto Exchange integrated online product and service catalogues.
• Vendors are being paid to terms and the producer is now taking advantage of early pay discounts.
• Suppliers are able to track their portfolio of receivables, on demand.
• Significant amount of time freed-up from tracking the process and correcting information within both the vendor and producer organizations.
Alto Exchange™ saves producers and suppliers time:
It ensures that information (cost centre, pricing, etc.) is entered correctly the first time, then streamlines and tracks the process for invoicing, approval and payment...
ALTO EXCHANGETm