Electronic Invoice Presentment & Payment On Demand

© Global Advant Inc. Proprietary and Confidential

All Rights Reserved

InvoiNet belongs to Global Advant Inc, a company specializing in solutions for the management of accounts receivable and payable. In January 2009, Global Advant Inc. launched its service electronic Invoice presentment and payment in SaaS model (software as a service) through Invoinet.com Portal. InvoiNet solutions are state of the art in managing accounts receivable and payable with the highest standards in computer security.

More than 10 years with experience in Accounts Receivables More than 90 million invoices processed More than $14 billion processed per year More than 30,000 users in more than 48 countries More than 80 corporate customers, including leaders in chemical, appliances, pharmaceutical, food and beverages companies. World Wide Office Locations Miami, FL;; Buenos Aires, Argentina (Headquarters);; México City, México;; São Paulo, Brazil;; Bogotá, Colombia;; Madrid, Spain.

About Us

Examples of Customers

Confidential Information

Examples of Customers -­ continued

InvoiNet An Integral Solution

Invoices Under Disputes

Disputes Identification

by clients

Invoinet

Automatic alerts to problem

owners in the company Disputes

Resolution

Company ERP Invoicing Process

InvoiNet Database

Electronic files

Invoices Publication

(Images)

InvoiNet E invoicing

Approved Invoices

Disputes Management

Cash Application

Payment Order Configuration

by Clients

Electronic File with Payment Orders

Interface to Company ERP

E payment

ACH System

Amount credited to the company

Amount debited to the client

On Line reports for Company and clients

Portfolio Follow Up Automatic emails to clients

Phone calls to Clients for disputes

identification

L help you handle your A/R by scheduling e-­‐mail and phone call reminders in a pre-­‐established automatic basis. Receive alarms for past due invoices or even when discrepancies occur,

forwarding it directly to the appropriate department or person in charge. Track and see the whole process on-­‐line.

Management Solutions

Send invoices electronically on-­line. Avoid printing and mailing paper invoices. Resolve discrepancies with customers, interactively on-­line.

Scheduling e-­mail and phone call reminders in a pre-­established automatic basis. Receive alarms for past due invoices, forwarding it directly to the appropriate department or person in charge.

Give your customers on-­line access to process payment orders. Get paid by any electronic system (ex. e-­check, swift, ach, paypal, debit and credit cards), integrating multiple billing channels.

Capture invoices in any format, integrating them automatically into your ERP. Handle any discrepancies and receive electronic payment orders, debits notes and other related documents.

When operating in many countries simultaneously, manage and control the full A/R global process from a centralized office. Transfer money according to country specific rules and regulations.

Submit invoices to your Retail clients in any format (XML, EDI, etc.). Reduce invoice submittal lead time, effectively eliminate errors and simplify the debit analysis work.

Interactive Invoice

A/R Web Based Management

A/R Shared Service Center

E-­Collection

Retail

Customer Use Examples The services offered by InvoiNet suit a variety of companies. Our solutions are very useful for financial management as it allows significant reductions in DSO. Also highly valued by Controlers as we provide greater transparency to the management process by integrating in different offices and countries whether you have one or many shared service centers. The integration is simple, fast and clear. By way of example because we detailed five real time customer cases of success in different industries. Oil Industry Leading Company: Our client implemented our Shared Service Center accounts receivable system functionality in over 20 countries. By using the right parameters, an automated system was developed to sort customers by type, debt amount and maturity. Invoices are now automatically routed to different agents around the world. We classified problems by type and assigned responsibility or Owner" in the SSC, in charge of handling discrepancies. The SSC has a number of reports and alerts that allow users to control the process in real time. By implementing our system, our client achieved management automation, country specific online process control by means of special reports and significantly streamlined the process reducing their DSO. Multinational Technology Leader: We implemented our comprehensive accounts receivable solution for shared service centers, centralizing and automating the invoice presentment and dispute processing. In addition, reports were enabled for the region control process (portfolio reports by business unit, by country, by overdue levels and dispute analysis, among others). The company ended up having a systems tool that enabled them to consolidate the entire regional A/R management process.

Customer Use Examples -­ continued Global Pharmaceutical Company: We implemented the functionality of our E-­Collection using an automatic file upload of unidentified electronic wire transfers and bank deposits recorded in SAP. By running this application, the company managed to eliminate unidentified wire transfer transactions and bank deposits, decentralize payments identification, and, at the same time, centralize the process of income transactions of same to the ERP in the SSC. Beef Production World Leader: The company decided to use InvoiNet Retail Module to consolidate and simplify their major supermarket chains customers accounts receivable management system. Now, the company makes EDI document exchange, automatic invoice reconciliation with related receipt log report and automatic control of returned products. For their Vendors Channel, they implemented our Interactive Invoice and Electronic Collection functionalities. Benefits associated with our system were the following: implementation of EDI exchanges without extra systems development needs, online reconciliation of invoice disputes, reduction of invoice delivery lead time and, consequently, clerical cost savings and an analysis process simplification International Paint Manufacturer: Through the use of our Interactive Invoice Module, InvoiNet created an interface with the local tax agency system, according to already existing electronic billing regulations. Invoices are now presented on-­line while e-­mail alerts are automatically sent to customers. By logging into InvoiNet, customers can then either accept them, or in case of discrepancies, start a dispute. By implementing the use of our system, the company achieved significant cost savings associated to the invoice printing and mailing process and substantially reduced the process of dispute resolution.

Features

E-­invoicing

Invoice tracking

Dispute Management

Automatic integration with collection departments

AR Management

E-­collection

Integration with bank collection Systems

On line Management Reports

Implementation process is designed to avoid lengthy deployment cycles

Benefits Handle your A/R and A/P through a web based system Reduce turn around time and overhead cost Improve your business relationship with customers and suppliers Reduce the DSO AR visibility Automate manual processing Cost reduction Improve productivity Web tracking 24/7

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