ServiceChannel

ServiceChannel® Benefits to
Accounting/Finance Departments

• An automated system that validates expenditures.
• A reduction in accounting costs and cycle time achieved through electronic invoicing and payment system.
• A reduction in facility maintenance costs achieved through improved management of assets and service contractors.
• A documented process of control procedures along with a clearly defined audit trail to reduce audit risk.
• Accurate and up-to-date actual, accrual and forecasting reports.

Electronic Invoicing

• Elimination of manual and duplicate entry of invoices
• Electronic transfer of approved invoices to accounting on a scheduled basis in the required format
• Upload payment information for contractors to review invoice and payment information on line

Automated Invoice Validation

• Invoices will not be accepted if they exceed the NTE, have not been completed prior to invoicing, or fail to meet any other client-specified criteria
• Invoices can be excluded from review/approval if the required documentation is not attached

Automated G/L Coding

• Invoices automatically coded to the respective account based on category and/or trade
• Capital expenditure overrides
• Individual changes accepted