Studies have shown that companies can save $10 or more per invoice with paperless invoicing. The Facility Maintenance Optimization (FMO) solution removes the burden of processing invoices from the retailer and puts the service provider in charge of creating and submitting electronic invoices. All contractual rates, trip charges, preventative maintenance contract costs, etc. are stored in our fmPilot database for each vendor in the system. All vendor invoices are automatically verified against this database in order to ensure compliance.
As part of our implementation process, we work with client accounting departments to ensure all General Ledger (GL) or other cost codes are associated to each type of work order automatically. This information travels with the electronic invoice – no more manual coding of invoices or keeping track of the chart of accounts.
