Accelerating the Accounts Payable Process
InputAccel for Invoices is a fully customizable invoice capture solution that scans vendor invoices and automatically extracts and validates the data they contain before exporting it to accounting systems for processing. Using intelligent document recognition technology (IDR), InputAccel for Invoices identifies incoming documents as invoices and immediately begins extracting information such as purchase order number, invoice date, total amounts, line item data and more. Vendor ID is automatically determined and critical information is validated against existing data in accounting systems before being exported directly into Enterprise Content Management (ECM), Enterprise Resource Planning (ERP), Accounts Payable (AP) and other back-end systems. The result is a faster, more efficient means of handling invoices.
- Reduce Manual Processes - by reducing the manual effort needed to process vendor invoices, InputAccel for Invoices enables businesses to accomplish more work with fewer people and less money.
- Increase Vendor Discounts and Reduce Late Fees - take advantage of early pay discounts and avoid late fees by processing invoices faster. InputAccel for Invoices also helps businesses achieve SOX compliance when taking vendor discounts.
- Increase Accuracy and Efficiency - advanced indexing capabilities reduce retrieval times from days to seconds with 99.9% accuracy.
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