For most organizations, half of all invoices still arrive as paper, while the rest arrive via email and electronic data interchange (EDI). Processing invoices from multiple sources can bog your AP department down with manual data entry, stacks of paperwork, lost invoices and a lack of visibility into invoice processing. With invoice scanning software and intelligent data capture, you accelerate the invoice cycle by eliminating the manual effort that leads to miss-keyed data, human errors and duplicate work.
Hyland technology uses optical character recognition (OCR) or intelligent data capture technology to extract, validate and export data from any invoice format and reduce the overall manual touch points throughout invoice processing.
Invoice capture and scanning software integrates with your ERP to ensure data accuracy. The instant boost in productivity allows you to reallocate staff from manual data entry to more strategic initiatives. And, with accurate data being delivered directly to your ERP, you are better equipped to make key financial decisions.
Using artificial intelligence, Brainware by Hyland intelligent data capture extracts critical data from invoices, including line-item detail and handwritten characters, and accurately sorts documents based on their content without templates, anchors, keywords or zones. Brainware automates PO-based invoices to achieve true touchless processing, and automates GL-coding for non-PO invoices so they instantly enter an approval workflow.