IATA InvoiceWorks provides an electronic invoicing service for the air transport industry to cut costs, time and effort for sending, receiving and processing invoices.
IATA InvoiceWorks is the world's only Internet-based electronic invoicing service focused on the needs and demands of the global air transport industry. Designed by and for aviation experts, IATA InvoiceWorks provides a unique combination of global reach and functionality richness that no alternative can match.
Over 260 airlines and more than 5,550 industry suppliers are already linked and enjoying the benefits of electronic invoicing through the advantages of IATA InvoiceWorks.
Leading companies understand that invoicing is a strategic process. A well-managed invoicing process improves financial performance, enforces internal controls and streamlines the order-to-pay cycle. Electronic invoicing provides dramatic, ongoing benefits that can cut related costs up to 75%. Whether delivering or receiving invoices, a range of proven benefits are achieved, including:
- Optimized working capital management
- Increased capture of supplier discounts
- Fewer payment delays
- Strengthened audit and regulatory compliance
- Reduced processing costs
- Reduced labor costs and increased staff productivity
- Improved customer service
- Strengthened important trading relationships