Added Value

The reverse invoicing method can be beneficial for owners and contractors.

Added Value For Owners:

  • Reduce accounts payable labour
  • Quick approvals – available on a line by line transactional basis
  • More accurate and up-to-date reporting
  • Free up project managers to focus on project performance and meeting timelines
  • Reduce reconciliation time
  • Greater transparency and visibility

Added Value for Contractors:

  • Ability to produce positive cash flow via faster collection of payments
  • Reduced administration costs
  • Easy to audit
  • Immediate knowledge of the actual work performed
  • Ability to review and verify invoices, eliminating the back-and-forth process
  • Reduced reconciliation time
  • Better cash flow and quicker payments