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Invoice Processing
In the midst of cost and regulatory compliance pressures, accounts payable departments are striving to improve and extend the services they provide to their own organisations, while looking for innovative ways to reduce costs, increase efficiency and enhance business relationships. Processing invoices quickly and accurately however remains a challenging task for any accounts payable organisation.
The electronic capture and storage of invoice 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 invoice processing environment.
Processing invoices quickly and accurately is fundamental to reducing costs and improving key vendor relationships. The need to process both paper invoices and electronic forms typically requires manual effort that can be costly, error-prone and time consuming for accounts payable staff.
Capital Capture's automated invoice processing solutions combine world-class data capture with intelligent invoice processing that successfully integrates people, paper and processes.
How automating invoice processing will help you:
- Control Paper flow through centralised and distributed capture
- Reduce cost of capturing invoices processed through automated data extraction
- Accelerate your invoice processing by automating slow manual tasks
- Improve data quality and accuracy by reducing manual handling and data entry errors
- Enhance process transparency through automated confirmation, notification and exception handling
- Improve efficiency through e-transactions
- Integrate invoice capture and data exchange with your existing enterprise software systems.
- Enhance financial reporting and compliance with detailed tracking capabilities and full audit trails
Paper-based invoices are captured and the data is extracted and processed along with invoices in electronic form automatically to back-end systems and services.
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 costs
- 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 the leading data capture technology.
If you would like to know more about Capital Capture's invoice processing solutions, please contact us on 020 7314 7700 or fill in our contact form
