ALTO Exchange is an accounting software solution for streamlining payments and e-invoicing processes across different industries. The platform is specially designed for suppliers, producers, and manufacturing companies that want to seamlessly integrate different solutions and departments.
The payments and invoicing software solution enables suppliers, producers, and vendors to maintain an integrated and well-organized online catalog. ALTO Exchange also enables users to effectively automate the product coding process and minimize or completely eliminate errors.
The solution takes a more simplified approach to e-invoicing workflows, effectively taking out the unnecessary complexities normally associated with the process. In effect, the software solution significantly improves user adoption while successfully reducing on-boarding costs.
ALTO Exchange Features
ALTO Exchange is an electronic invoicing platform that helps you keep track of your project expenses through a more simplified and fully integrated system. The software solution allows you to leverage dynamic discounting, manage invoice concerns and disagreements, convert POs to invoices, and more at a reasonable cost.
The invoicing and accounting software provides small to medium-sized businesses and organizations the ability to choose their preferred level of integration from standard manual data entry to a fully automated operation. ALTO Exchange also comes with Excel upload capabilities and XML batch integration, among other functions.
In addition to providing an integration platform, ALTO Exchange also enables suppliers to properly keep track of their performance in real time. They also provide unparalleled customer support for all users and staff whenever they need it.
Some of the key features you can expect from ALTO Exchange include the following:
- Suppliers are able to easily track their portfolio of receivables on demand.
- It allows for complete transparency of the customer invoice payment process for vendors.
- It provides vendors with the right tools and applications to let them easily manage and maintain a fully integrated online catalog of products and/or services.
- ALTO Exchange also enables users to minimize coding and pricing errors of online products and/or services.
- The software solution allows vendors to efficiently enter and submit invoices via the internet, which helps to ensure proper coding process.
- The payments and invoicing platform offers a wide range of templates, including Excel, which enables a simple and straightforward approach of the import and export of data for repetitive and time-intensive processes.
- Vendors are paid to terms while producers and suppliers can take full advantage of early pay discount offers.
ALTO Exchange Benefits
ALTO Exchange helps to significantly improve the payments and invoicing processes for suppliers and producers. It ensures all data, from inventory to pricing, is entered accurately and free of errors the first time. The platform comes with features and tools that accelerate and keep track of invoices, approvals, and payments. As a result, ALTO Exchange not only reduces operational costs but significantly minimizes the time spent in handling accounts payable processes as well.
The payments and invoicing software features industry standard business-to-business (B2B) channels that help to improve the communications aspect and integration of multiple systems, from your product and/or service portfolio to supplier billing. ALTO Exchange allows vendors to quickly and easily send accurate invoices and keep track of the progress of the approval and payment processes, thus streamlining workflows while eliminating potential errors.
ALTO Exchange enables vendors to easily submit invoices online as well as maintain an integrated online product and/or service catalog. The platform promotes accountability and transparency. Moreover, it helps that the system is tailored to ensure accurate coding.
The solution provides users the ability to get complete invoicing data by simply entering their invoices electronically. This ensures suppliers get all the information they need concerning their accounts receivables. The invoices you enter are directly incorporated into the company’s internal Accounts Payable workflow for further review, approval, and payment processing.
Suppliers also have complete transparency and access to the accounts payable process. They simply have to log in to their ALTO Exchange account and they are able to view critical data and download specifics from their accounts receivables for reporting purposes.
The three main benefits of the ALTO Exchange software solution is the fact that it can help reduce invoice processing costs, improve accuracy and working capital management, and it allows businesses to take full advantage of discounts while building and nurturing better supplier relationships.
ALTO Exchange Pricing
ALTO Exchange enterprise pricing is available only upon request. You may visit the ICG Team, ALTO Exchange’s official website, for more information about their software solution and services, or you can contact their sales team directly for your quote. The Supplier Basic Plan is completely free—all you have to do is register an account for your business.
You may also view a demo or download a brochure from their website. Finally, a contact form which you can fill up with your name, email address, contact number, company name, the product you’re interested in, and your message is located at the bottom of the ALTO Exchange main page.
Conclusion
ALTO Exchange is geared towards SMBs and organizations who want to keep track of their project costs with electronic invoicing. It allows suppliers to manage invoice disputes through proper channels in the most efficient way possible.
With this solution, you can implement front-end validation rules that meet your company’s requirements. You are able to receive only the correct and valid data from suppliers. Users may also track down invoices on demand. You are also able to provide your suppliers the ability to get clear and transparent information about their invoice status whenever they want. This effectively reduces the time spent on unnecessary phone calls, chats, and email exchanges just to inquire about invoice status.
ALTO Exchange is a fairly effective and feature-rich invoicing software solution that can benefit suppliers, producers, manufacturing companies, and vendors who wish to create a seamless communication and integration process between departments and platforms. It’s a software solution you should consider if you’re looking for such a product.
