Invoiced Business Network
Upon accepting an invitation to join a vendor's network within Invoiced, the vendor will be automatically added to your account. This integration allows visibility of your financial interactions with the vendor, including any past estimates, invoices, payments, and credits if you have a previous billing history with them through Invoiced.
When a vendor issues an invoice through the network, it will automatically generate a bill in your Invoiced account. Please note, bills within Invoiced cannot be edited if received through the network. However, you have the option to download the bill for your records in PDF or XML format by clicking on the Options button.
The "Documents Received" section under the vendor's profile accumulates all documents sent from the vendor, including statements and invoices, providing a comprehensive view of your document history with each vendor.
You have the capability to add new vendors to your Invoiced account and extend invitations for them to join the network. Upon their acceptance and completion of the onboarding process, Invoiced will automatically populate their verified contact information in their vendor profile, eliminating the need for manual requests. Any updates to the vendor's contact information will be automatically reflected in your account, ensuring that you always have the most current information.
Before vendors can issue invoices, they are required to verify their business address and tax ID, reinforcing the security and trustworthiness of transactions within the network. This verification process ensures that you are engaging with legitimate businesses and safeguards against potential impersonation fraud.
With these features, Invoiced streamlines the management of vendor relationships and transactions, ensuring accuracy, security, and efficiency in your financial operations.