Sealed Air implemented an electronic paperless Order-to-Pay (O2P) process in North America to improve process efficiency and offer suppliers visibility to invoice and payment status. This solution offers fast, effective and flexible electronic order handling and invoicing, improving the way you share data and receive payments from Sealed Air.
The Order-to-Pay solution is powered by J.P. Morgan and basic service for this program is presently available to our suppliers at no cost. However, a minimal one time charge is incurred for e-file (EDI) connectivity. This is primarily advised for suppliers with high transactions. Learn more at www.xign.net
Receive Purchase Orders electronically (the current method will be available for a period).
Ability to create Advance Shipping Notices (ASN) and Purchase Order Acknowledgements (ACK) electronically.
Submit invoices electronically, thereby eliminating paper and mail costs.
Receive payments electronically, avoiding mail delays
View current status on any invoice you submit electronically.
Validation of invoices at submission allowing you to identify and correct issues that would delay processing.
Visibility to billing exceptions and disputes.Reports on invoice aging and forecast cash collections from scheduled payment dates.
Through the J.P. Morgan Order-to-Pay network, we can approve invoices rapidly and consistently pay you on time.
Implementation
Currently the tool is available only in North America and we expect to have all our key suppliers on the network as we invite them to participate in this program with the intention of moving our entire vendor base to this process. New suppliers are expected to join this process from the start. We are looking to roll-out the process in Europe in the near future. For our supplier partners in North America, please note, in order to take full advantage of this new functionality through J.P. Morgan Order-to-Pay, you will be required to submit one invoice per shipment. Please contact your purchasing agent to clarify any process questions or concerns you may have.
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