Invoice Processing software improves accuracy and efficiency in handling invoices. It makes it possible for invoice processing to achieve a fully automatic invoice flow. The software captures all of your invoices, on paper or in electronic form, interprets each invoice and identifies requisite information. It then transfers this data into your financial business system.
Invoice processing is done by using OCR and ICR recognition technology, the system accurately captures all critical invoice data: vendor ID, date, line item and total amounts etc. Financial data is available much faster, accounts are resolved with minimal human interaction and the entire invoicing process becomes a streamlined operation. Not to mention the savings in invoice processing costs!
Your accounts payable staff will experience drastic improvements in their daily routines in invoice processing. The time required to process paper invoices will be reduced, as well as the time spent on correcting data errors. You don't have to turn to an expensive invoice processing service to handle your invoices efficiently - the invoice scanning software will take care of the job for you.
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