Outsourcing your invoice processing can significantly reduce costs and eliminate any human error when manually inputting your organisations data.
For many organisations, Invoice Processing remains a mundane task that involves numerous hours manually inputting data into your financial system.
Our Automated Invoice Processing provides organisations with a dedicated invoice scanning service and a specialist Optical Character Recognition (OCR) engine which will identify all relevant information such as (but, not limited to);
- Supplier details
- Invoice date
- Line Items
- Invoice Values
Once this ‘metadata’ has been extracted from the invoices it is uploaded directly into your financial system.
Key Benefits of Automated Invoice Processing
Electronic Invoice Processing drives many efficiencies. Not only does it free your staff from hours of manual data entry, our accuracy is guaranteed at 99.9%
Additional features and benefits include;
- No capital investment – our Automated Invoice Processing is based on a tangible operational commitment
- Immediate cost savings and immediate ROI
- Minimal impact on internal IT resource
- Simple deployment
- Fully hosted system allowing easy access from multiple locations
- Archive of purchase invoices eliminating additional DMS investment
- Approvals workflow processing
- Automated PO / Invoice / Delivery Note matching capabilities
- Fully Auditable
- Approved by HM Customs and Excise