As accounts payable organizations and shared services centers work toward a new digital future, traditional priorities remain –including the reduction of invoice processing cycle times to drive down costs. If you’re like most organizations, manual data entry and poor visibility into your AP processes continue to handicap any cost-saving measures within AP, bloating invoice cycles rather than slimming them down.
Speed your invoice processing by automating the receipt of invoices, classification, data extraction and approval process. By shortening invoice cycle times you’ll be able to take advantage of supplier discounts that can also positively impact your bottom line.
Receive invoices from any source and extract invoice data at 80-90 percent accuracy without templates. Automatically deliver the information seamlessly to your ERP or pre-existing workflow tools for processing.
Greater insight into invoice processing, from receipt of invoice to posting of payment, empowers more informed financial decisions, ensures compliance and increases efficiency.