Accelerate Invoice Collection and Processing with Automation

Invoice processing is vital for any organization’s financial health but can be time-consuming and risky, especially when relying on manual processes. Studies show manual invoice processing takes 3-4 weeks, costs $20 per invoice, and an average AP employee handles 5 invoices per hour. Automation increases the rate to 30 invoices per hour, cutting costs by 75%. Automated solutions make AP processes faster, more accurate, and adaptable, enabling teams to scale efforts to changing business needs and focus on tasks requiring a human touch.

Features

• Automated Data Capture: Uses OCR technology to extract data from invoices, reducing manual data entry.
• Approval Workflows: Customizable workflows ensure timely approvals and compliance with company policies.
• Payment Processing: Automates payment scheduling and execution, ensuring timely and accurate payments.
• Integration with ERP Systems: Seamlessly integrates with existing ERP systems for a unified financial management experience.
• Real-time Reporting: Provides real-time insights into invoice status, helping businesses make informed decisions.