Invoice Management

Reduce the demands on your internal teams while harnessing the power of your financial data with our IP invoice management services

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Overview

Automate Invoice Bundling on Our Invoice Management Platform

IP invoice reconciliation costs corporate IP departments and law firms valuable time and money. Remove the burden of invoice review on your IP team by choosing Questel’s market-leading invoice management platform. The automated service not only bundles invoices into one clear and transparent bill, but also tracks invoices against agreed costs and deliverables.

Invoice management designed by experts, driven by technology

Our team of industry veterans combine experience and expertise with machine learning to extract and consolidate your invoice data, identify efficiency improvement opportunities, and suggest and implement cost reductions to:

Lessen the burden of invoice approval;
Ensure that invoices meet your billing guidelines;
Eliminate the need for accounting departments to track and pay dozens/hundreds of invoices each month; and
Produce one consolidated invoice each month, listing all your providers’ charges.

Questel’s team of IP paralegals will review, approve, and pay all your IP service providers’ invoices, so your accounting department only has a single invoice to process each month.

Automate invoice bundling on our invoice management platform

Benefits

Key Benefits for Your Business

Our invoice management platform enables your IP providers to upload their invoices electronically, reducing the staffing resources required for the invoice approval and payment process.

Directly uploading invoices eliminates accounting errors and the need to print PDF invoices.

Your IP department is freed up to attend to more important IP issues.

Finally, with only a single invoice to pay, your finance department can concentrate on other areas of your core business.

Key features

How Our Invoice Management Platform Works

Our Invoice management service uses Questel’s Ascent ELM software to process, validate, and consolidate invoice data.

Easy invoice uploading

Your IP providers are provided with a portal to upload invoice data. This reduces the number of emails in your IP and accounting staff’s inboxes and eliminates the possibility of invoices being misplaced or lost.

Automatic review of invoices

The AI engine will automatically check uploaded invoices to ensure that all billing guidelines are followed. Providers are instantly made aware of any guideline violations or errors and provided an opportunity to make corrections to the invoices as required.