Benefits
Benefits
- Cut the cost of processing each invoice by 30-50 percent
- Experience a single point of capture for all invoices whether delivered through e-mail, fax or physical mail
- Save time through powerful search and instant retrieval of invoices and related documents
- Improve efficiency and flow-through rates at every step in the process
- Tie related documents like invoices and purchase orders together
- Make lost documents a thing of the past
- Free up valuable resources by improving handling of discrepancies and exceptions
- Identify bottlenecks and improve performance through automated monitoring and integration with existing ERP applications
- Significantly reduce paper storage costs – by up to 90 percent
Uses
- Eliminate paper by scanning and creating digital images of all documents
- Create an automated process for moving invoices through every stage of the process
- Automatically capture all relevant data from each invoice or P.O.
- Route each invoice to the right approver based upon flexible business rules
- Minimize manual steps and replace with automated processes like single-step data entry (SSDE)
- Easily keep track of every invoice, P.O., bill of lading, etc ...
- Use workflow design tools to easily create a process for managing invoices that contain discrepancies or exceptions
- Find the right invoice or any other document instantly through full-text or index searching
- Stay on top of all activities and identify bottlenecks and improvements with process monitoring and reporting
- Allow your vendors to easily mark up documents and to identify disputed line items
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