Let’s be honest: manual touchpoints introduce errors. Human workers simply aren’t as good as bots when it comes to transactional accuracy. So let document processing software streamline the boring bits, elevate compliance, and reduce audit risks. Fireworks!
It starts with batch scanning: ingest different types of bulk financial documents like invoices, waybills, sales orders, and purchase orders from multiple sources (scanner, email, fax, or a network folder) and file formats. Advanced image processing then removes speckles, ignores punch holes, auto-rotates, and enhances blurry characters before OCR technology reads key fields, auto-classifying what it is, extracting data (like vendor name and order number), matching to orders and receipts (to eliminate duplication), validating based on rules, and sending data for approval routing—no code required.
Early pay alerts and other satisfying notifications come to you and the bottlenecks go away. You give up the headache of manual data entry and invoice tracking. You gain flexibility from cost-saving AP process automation technology that scales as you grow.
Benefits:
Reduce time-consuming effort, errors, and cycle times by blowing out the bottlenecks
Increase control over compliance and cash flow with better visibility and alerts
Streamline payment approvals, rejections, and escalations
Give approvers what they need to review invoices for payment (from a web browser or mobile app)
Create payables transactions in your ERP system
See a clear audit trail of all payment approvals in the AP process
Increase data accuracy, compliance, and happiness.
Reduce invoice processing costs by 80% or more
The cost of invoice processing is cut in half (or more) 80% of the time because of gains in efficiency and paybacks are realized in as little as 6-12 months—but employee happiness and a positive customer experience kickstarts on day one.
