Why Seal360?
Un-streamlined Processes Cost Financial and Productivity Losses
Payment errors frequently arise from the complexity and high volume of transactions. Statistics show that poor invoicing practices, disputes, and conflicts contribute significantly to these issues.
39%
of invoices contain errors
85%
of companies experience underpaid invoices
12-20%
of Invoices have Payment Errors
82%
of companies report losing revenue
Upper-midsized corporations suffer losses close to:
$10 million a year
For larger companies, cost losses could escalate to:
$50 million a year
By addressing these challenges and implementing streamlined processes, businesses can achieve substantial improvements in cost savings, supplier relationships, and overall operational efficiency.
Benefits of Seal360
Made to offer seamless & instant visibility of suppliers, contracts and finances.
User-friendly portal for seamless navigation and comprehensive insights.
Automated Workflows and Standardized Onboarding Processes.
Ingest all types of “Contracts” as well as MSAs, NDAs, Insurance/Compliance Certificates.
Unified Reporting and Dashboards on contract pending, expenditure breakdowns, and performance metrics.
Facilitating communication and ensuring full transparency between CPOs and CFOs groups.
Avoid reputational damage as every “invoice is automatically validated”
against “contract terms” before it’s paid.
Storing contracts using encrypted blockchain technology to enhance security, transparency, and immutability.
Seal360 platform uses AI algorithms to extract relevant contract terms, match & validate the invoice for accurate payment.
Sources of investigation:
Osborn, M. (March 30, 2023). The Most Shocking Accounts Payable Stats. Ascend. https://www.ascendsoftware.com/blog/the-most-shocking-accounts-payable-stats#:~:text=Nearly%2040%25%20of%20invoices%20contain,like%20overbilling%20or%20duplicate%20payments
A world of possibilities
Revolutionize your workflow and open up opportunities
for smarter, faster decision-making