Automated invoice processing for accounts payable
Save time and reduce costs.
ABBYY’s invoice processing solution enables companies to automatically handle incoming invoices and covers all necessary steps of the AP department – ranging from invoice data extraction to validation, release and the final booking of all invoice amounts in the ERP system.
Capture invoices automatically at points of arrival, regardless of their format or medium. Have them queued for processing immediately with full visibility for your AP staff.
Save time and resources by reducing manual data entry and eliminating redundant operations. Processing time can be reduced from weeks to a matter of days.
Reduce the level of manual interaction thanks to automatic data extraction and approval workflows. No more misplaced, mishandled or forgotten invoices.
Cash Flow Management
Optimise cash flow management by monitoring and paying all incoming supplier invoices at the best time. Take full advantage of early payment discounts.
Leading components and technologies to streamline invoice processing
Increase efficiency and reduce the costs of invoice processing.
ABBYY FlexiCapture for Invoices is a turnkey invoice capture application that reduces inefficiencies, errors, and costs associated with manual invoice processing by eliminating data entry and the physical handling of paper. FlexiCapture facilitates the early capture of invoices, centralized extraction and validation of data, and straight-through processing of PO-based invoices.
Realize more than a 400% increase in number of invoices an employee can process manually, and 30% less time responding in inquiries.
Reduce the costs by 5-10 times compared to manual processing.
Faster cycle time
Decrease invoice cycle time (receipt to payment) to 5 days or shorter, nurture supplier relationships, and take advantage of early payment discounts.