Efficient, accurate and secure invoice processing without major investment, hassle or costly ERP modification.
Before your incoming invoices can be processed in your ERP, the paper and digital invoice files must be turned into electronic data that your staff can act on. When done manually, this process is labor-intensive and prone to errors. But when automated, this process becomes quicker, cheaper, and more visible to facilitate your compliance efforts.
ACOM’s invoice automation application automates the processes of scanning, interpreting, and registration of invoice data, regardless of invoice source or format. You can automatically extract data from supplier invoices (both PO and non-PO invoices) to verify it against information in your ERP, match invoices 2 and 3 ways. Matched invoices are then sent directly to AP for immediate ERP processing and secure archival.
Key features and benefits
- A single point of entry for decentralized invoice processing
- Reduce manual data entry by 75%–90%
- Reduce AP costs by up to 80%
- Fast and simple access to invoices—available anywhere, anytime
- Quicker invoice processing to take advantage of early payment discounts
- Greater visibility and control of accounts payable processes and statuses
- Eliminate duplicate invoices
- Assess cash flow more accurately
- Reduce costs and space required for paper storage
- Amplify the time- and money-saving benefits of your ERP system with accounts payable automation
Push the boundaries of process automation to gain even more productivity, efficiency, and control over your financial processes with invoice processing automation with 24/7 availability