Web Applications for Business Processes

Icorp Billing

Invoicing is a process in which data must flow seamlessly. Icorp is focused on that. Wherever possible, the Icorp Data Bridge software automatically pulls data from the outside world, both master data and ‘invoice ingredients’.

Often the raw data needs enrichment, aggregation and the application of business rules around contractual agreements and prices. Icorp Rules Engine caters to this.

The Icorp Billing system can process high volumes of data, in certain cases reaching peaks of millions of transactions a day.

In the actual Billing module Icorp algorithms determine what to put on one invoice, what to split up, and what details the backup of the invoice should feature. Those algorithms are formed to the customers’ business needs.
The actual invoice layouts are steered by XSLT, enabling us to 100% match your designs and to embed all kind of dynamics For example, we can pre-define in what cases to supply discounts or cumulative information on previous invoices and payments. Often multi-language templates are set up.

With the draft invoices available, the process of refinement and approval becomes the next focal point; with a distinction between the roles of production staff and Finance. This stage ends with printing the final invoices or emailing them.

The overall billing process finishes with posting into the finance system. Algorithms define exactly how account codes should look like. Icorp is especially suited for intercompany bookings in instances in which both buyer and seller share the same financial administration, providing efficiency and quality as benefits.

More forms of automation can be provided. Frequently we see the Icorp Order book being used, which is a front-end to invoicing. One-off and recurring invoices can be prepared, all with automatic lookups in pricelists, pricing tiers taken into account, and more.