For most organizations, half of all invoices still arrive as paper while the rest arrive via email and electronic data interchange (EDI). Without invoice scanning software, many AP departments are still bogged down by manual data entry, stacks of paperwork, lost invoices and a lack of visibility into invoice processing. All of this manual effort can lead to miss-keying data and human errors that delay the invoice cycle and cause duplicate work. Electronic invoice imaging enables the centralized capture of documents to reduce the manual handling of invoices so they can be processed accurately in a fraction of the time.
No matter how invoices arrive – by fax, mail, email, EDI, etc. – OnBase invoice automation solution captures invoices electronically using invoice optical character recognition (OCR) or intelligent capture technology to speed the invoice cycle and remove risks associated with manual data entry. With more accurate information being sent to your ERP, you are better equipped to make key financial decisions.
Invoice OCR and intelligent capture technology reduce manual touch points, save time and allow you to reallocate AP staff to focus on handling exceptions and customer or vendor service. The instant boost in productivity and transparency can help eliminate late and duplicate payments, too. OnBase invoice capture software helps organizations:
OnBase invoice scanning does much more than digitize paper documents.
OnBase invoice capture:
It’s important to find the invoice capture solution that meets your organization’s unique needs: