By automating invoice processing, you can improve accuracy, cut down on processing times and free up valuable resources.
You’ll also gain access to a wealth of information regarding your payment systems.
The Automated Invoice Processing Service is a full end-to-end invoice processing solution that covers data extraction, verification, GL coding, matching, audit and ERP posting. During use, the service will continuously improve based on feedback from your Accounts Payable (AP) team and its own learning from processing invoices.
Automated invoice processing fixes the challenges of manual processing of invoices.
Through using the service you will see:
- Dramatic reduction in processing time
- Zero review time for the vast majority of invoices
- Reduction in duplicates prior to payment through real-time checking
- Invoice cycle time reduced to less than one day
The Automated Invoice Processing Service is a cloud-based automation solution, providing:
- Invoice data extraction
- PO Matching
- GL Code Prediction for Non-PO Invoices
- Audit for Duplicates
- ERP posting
As an option, we can run the service for you as a managed service, where our approach is designed to maximise the benefits whilst minimising the input of your staff. You will gain access to a UK-based team with experience, specialist skills and in-depth training on the technology.