Accounts Payable Automation Use Case
August, 2022
AP Automation in the real world!
Working practices have changed throughout the world and it looks like hybrid working is here to stay. However, many business processes were never designed with remote working in mind and are struggling to cope with a distributed workforce. Our business automation software allows us to build hybrid organisations which provide flexible workspaces and processes - Invoice approval is a case in point.
When we consider that 95% of UK organisations still use manual data entry and paper-based processes, it is not surprising that 56% of companies experience cashflow forecasting problems, 54% have had invoices incorrectly sent and 63% have received duplicate invoices!
Many companies still print electronic invoices to register and approve them; however, this doesn't work efficiently when accounts teams and approvers are based in different locations. We've developed infoRegister, a cloud-based service (built around the proven infoRouter DMS) to allow the capture of electronic invoices, their registration, and final approval….. with no need to print.
Outline schematic showing the process for streamlining invoice processing
We supply best-of-breed solutions for any of your Business Automation requirements:
- Formate eVo as middleware for Robotic Process Automation (RPA)
- Document Management and Collaboration – infoRouter
- Document Scanning – Kodak Capture Pro
- Cloud-based Mobile Data Capture with Mobile Forms - infoForms
- Barcode Recognition and Indexing
- Advanced Document Recognition and OCR – ABBYY FlexiCapture
- Business Process Management / Workflow – Formate eVo and infoRouter
- Email Archiving with infoRouter
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