Automating Invoice Processing
Automating Invoice Processing
The electronic capture and storage of invoicing information coupled with automated workflow ensures that the right information is available to the right people at the right time. Automating the invoice process reduces errors and makes associated information instantly accessible while providing more security than is available in a paper-processing environment.
Processing invoices quickly and accurately is fundamental to reducing costs and improving key vendor relationships. The need to process both paper and electronic forms typically requires manaul effort that can be costly, error-prone and time consuming for Accounts Payable staff.
Capital Capture's automated invoice processing solutions combine world-class capture with intelligent invoice processing - successfully integrating people, paper and processes.
Automating the invoice process will help you:
- Reduce cost of capturing invoices by automating processes
- Accelerate the invoice process by automating slow manual tasks
- Increase accuracy by reducing data entry errors
- Integrate capture and data exchange with your existing enterprise software systems to supply real-time invoice data
- Enhance financial reporting and compliance for up-to-the-minute snapshots and tracking capabilities
- Audit more easily and effectively
Paper-based invoices are captured and the data is submitted, along with invoices already in electronic form, to back-end services that analyse the data according to requirements.
Your existing data entry clerks become knowledge workers overnight, capable of redirecting their efforts to negotiating discounts and further streamlining your business. With the increase in efficiency and time savings, existing staff can be repositioned to further cost reduction and revenue generating activities.
Automated invoice processing delivers:
- Improved customer service
- Reduced manual labour
- Elimination of errors and inaccuracies
- Electronic storage of all invoices
- Quicker access to financial information
- Greater information security
- Auditable business processes
- Increased efficiency and maximised productivity
- Improved supplier and vendor relationships
Our automated invoice processing solutions are based on leading technology from Kofax.
If you would like to know more about Kofax Capture, Kofax Xtrata Pro and automating the invoice process, please contact us on 020 7314 7700 or email information@capitalcapture.com
