Anyone who has ever been responsible for invoice matching realizes that from an AP Department perspective, the invoice is the most difficult part of the match to automate. AP processors have to tediously key in information, like PO numbers, vendor information, or item codes to to complete the 3 way invoice match. But imagine if you can… scanning an Invoice and, not only automating the line-item data entry, but also automatically matching it up with the appropriate PO.
Contrary to popular belief, you don’t need your own personal Dr. Who to help you navigate through time lost time spent on PO matching. But, who wouldn’t want someone with a British accent asking things like, “Would you fancy a system that can integrate your PO and Invoice line item data capture?” Yes please.
By now, you have hopefully heard of the wonders of the image capture multiverse, especially in the realm of accounts payable and accounts receivable. Automated image and data capture are taking AP departments by storm. It isn’t just another departmental software solution for accounting; it’s the agent of time and resource optimization, seamlessly integrating with accounting systems and allowing departments to meet goals in a fraction of the time it would normally take, by automating data entry for line items and directing documents to various workflows.
What are some of the benefits of automating your invoice matching:
- Reduces cost: As automation increases your ROI rises
- Straight-through processing, eliminating the need for manual intervention.
- Improvement of data integrity. NO MORE manual data entry errors, say GOODBYE to scanning inaccuracies
- Enable a more effective and FASTER approval process.
Are you tired of playing beat the clock and triple-checking long number items for accuracy? Connect with one of our business process experts below to find out how we can take the tedious work off your hands and automate your most time-consuming Invoice management processes!