Invoice Processing
FREE
1 hour online webinar on Automated Invoice Processing.
Further dates to be arranged. For you own personal one-to-one webinar please contact us now.
During this FREE webinar we will show you how accounts
payable departments can dramatically increase the accuracy and
efficiency of their invoice processing function.
Datafinity, in association with SWM Document Management, will show you
how to automatically scan and extract key invoice data, validate and
export into ERP, accounts payable or other back end business systems,
saving you time and money.
Register today for the Automated Invoice Processing Webinar at
http://www.datafinity.co.uk/invoice_webinar_registration.html
and we will send you instructions on how to join.
Or call us if you need more information on 01428 776471
Invoice processing is a serious overhead for all business. Every invoice must be opened, sorted, matched to the purchase order, paid and filed. Reduce these costs by outsourcing to an invoice processing service. The process captures and classifies all information on invoices in both paper and electronic formats. Designed to work with various ERP, finance and purchasing systems, line items can be extracted and interpreted in both single and multi-page invoices. Used in conjunction with the digital mailroom it can provide an end to end solution to your invoice processing. Eliminate 100% of paper invoices from day-one!
Did you know that..
- The average time to process an invoice is 27 days- The average cost to process an invoice manually is £8
- 12-14% if invoices are believed to contain errors
- Missing invoices lead to added costs and late payment penalties
Companies still receive 80% of all invoices on paper and entering these invoices manually is prone to delay and error.
As much as 70% of all invoice processing costs are associated with document handling and data entry.
If you can reduce the amount of document handling and manual data entry, the cost of processing invoices can be significantly reduced.
Many companies have automated the process of capturing and extracting information from invoices as they arrive, on either paper, fax or email.
These organisations have made huge efficiency gains and;
- reduced invoice processing times dramatically
- reduced the number of 'missing' invoices
- created a repeatable and auditable process
- enabled an effective workflow solution for invoice coding/approval and routing
- improved supplier relations
- saved time and money
A typical invoice processing workflow
The benefits of Automated Invoice Processing
Reduce costs- Utilise A/P staff on more value added tasks
- Process invoices faster and take advantage of early payment discounts
Transfer data to ERP and accounting systems
- Directly interface with backend ERP and accounting systems to reduce
- manual keying and errors.
Reply of accurate information
- enable a real time view of your company's current liabilities
Track and solve problems rapidly
- Provide instant on-screen access to invoices when supplier queries arise
Improve relationships with suppliers
- Gain better terms and improve customers status