The Benefits of Automated Invoice Processing

Processing vendor billings is a job that needs to be done in the majority of companies, but few business know just what the prices of invoice manager handling in fact are. Research reveals that the typical end-to-end expenses of refining one invoice could vary from ₤ 4 to ₤ 50.



Organisations can genuinely make large financial savings by conforming to automated invoice handling. For example, a service processing 50,000 invoices annually at a typical cost of ₤ 4 each invoice can reasonably conserve up to ₤ 100,000 every year.

What can automated invoice processing assist with?

Software for processing invoices consists of the following functions:

  • Invoice scanning
  • Automatic import of EDI invoices
  • Automated removal of header and line products
  • Automated matching with PO and also optional GRNs
  • Validation of data with your ERP data source
  • Automated or hands-on 'single/multi-person' normal coding
  • Automated course and authorization workflow over the internet
  • Automated final posting to ERP system
  • Automated archive of invoices
  • Fully automated conformity with numerous tax needs
  • Management console and also reporting at any time
  • Advantages of Automated Invoice Processing



Automated handling of billings might bring the following benefits for your organisation:

  • You'll have a far better overview of the whole invoice process
  • You'll have the ability to track every deal easily
  • Hands-on mistakes will certainly be considerably reduced and precision will certainly be improved
  • It will be much easier to adhere to financial laws
  • You'll be able to handle inquiries more quickly and also efficiently
  • Your capacity to claim early payment discount rates will certainly be boosted
  • Handling prices will certainly be reduced
  • You will not have the problem of traffic jams as well as hold-ups
  • There'll be less paper to shop

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Data Capture Solutions gives document administration services, consisting of automated invoice handling, to more than 400 of the biggest organisations on the planet.

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