Invoices Processing

How do you automate invoice processing?

Manual processing of invoices is a burden on all industries. Using a document capture solution, relevant information can easily be extracted from invoices of different vendors, and data can be directly transferred to your accounting software, such as QuickBooks.

 

With CaptureFast, upload or take a photo of your invoices, select the fields and securely extract accurate data you need in seconds. In the past this technology was only available to large enterprises. CaptureFast is the world’s first cloud-based document capture application solving the needs of SMBs.

Why Does Invoice Processing Need To Be Automated

A manual invoice process is slow and error-prone

If your purchase to pay process is still based around using emails and traditional documental, then it’s likely that there is a great deal of time and energy wasted on doing manual data entry on purchase orders, and on manually sorting and storing incoming invoices.

*By purchase to pay, we mean the process beginning from the early stages of requesting for the purchase of an item to the secondary stages involving approval workflows to the last stages of actually paying for the item or service.

Subscribing to our software exists to automate such crucial steps, if time-consuming, steps in the purchase to pay process and eliminating the tedious work of organizing your incoming invoices. For example, once the invoice comes in, it can be stored, as a scanned image or as an image clicked on a phone, on a central database. The right kind of automation software can store the image of the invoice in such a way that each and every invoice can be subsequently searched for, and matched up with its respective purchase order number in a matter of seconds.

Some software goes a step further by processing an invoice’s details with optical character recognition. With the resultant time-savings, your team can do so much more and begin to actually focus on their core job functions.

You can go for CaptureFast, is Cloud & A.I Engine based accounting solution specifically designed for small and medium-sized businesses. It is a simple, easy and user friendly software.

Some of the main features of an Online invoice processing solution include:

  • Send the invoice in a timely manner
  • Eliminating late payments
  • Eliminating duplicate payments – another severe headache for many businesses.
  • Reduce the risk of losing invoices.
  • Manage your supplier portfolio proactively.
  • Documents accessible 24/7 from anywhere in the business
  • Powerful monitoring, audit and reporting tools

Documentation is a leading provider of invoice processing solutions. By removing paper and manual processing from business operations we help our clients reduce costs, improve efficiencies, maintain business control and achieve legal compliance.

The cornerstone to our success is our proven track record in building and implementing high-quality, business-focused solutions specific to individual client needs.

 

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