Whether you are a small, medium or large corporation chances are that one area in your business where there is always a lot of paper and consequently a lot of data entry is the finance department. Primarily much of this paperwork will relate to accounts payable invoices, whether that is solely the invoice itself or potentially a lot of supporting documentation.
ChronoScan has the ability to capture invoices and associated documents, capture and extract the data and transfer that data to your desired finance and/or content management application in a fraction of the time it would take an operator to manually process.
By using a fully automated workflow invoices can be processed 24/7 without any manual intervention other than when ChronoScan detects a validation error, for example the PO number doesn’t match a database lookup or the net + tax total is not equal to the invoice total.
A ChronoScan invoice processing solution will enable you to:
- Vastly decrease the time taken to process invoices;
- Increase your AP process efficiency and free up staff;
- Save money by reducing the manual labour;
- Take advantage of early payment discounts;
- Eliminate data entry errors through data validation;
- Increased visibility of invoice status;
- Reduce the risk of duplicate payments.
Here are just a few of the features of our accounts payable processing solution:
- Capture from hardcopy, email, fax, MFPs, network scanners and other electronic sources;
- Capture scanned as well as native PDF data;
- Capture header and line item data;
- Integrate with your master vendor data for accurate up to date supplier information;
- Perform sophisticated data validation across all field level data;
- Integrate with external databases for validation such as PO lookups;
- Automatically populate your finance application with the extracted data;
- Output data to multiple systems such as an ERP and ECM within a single workflow;
- Process invoices 24/7/365 using automated workflows.
With ChronoScans accounts payable invoice processing solution you will be increasing efficiency, saving money, reducing risk, all day and every day.
Our AP processing solution is one of the most cost effective and affordable automated invoice processing solutions in the marketplace today regardless of whether you are an SME or large corporate.
Why not contact us for a no obligation demonstration to see ChronoScan working with your invoices, contact us today.