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Countless mistakes are made, and time is wasted between the transition of physical to digital documents. With a substantial number of invoices needing to be processed every day for decision making, AP teams need a better way to process invoices with ease, cutting turnaround time to just minutes.
Download the BrochureAutomated invoice matching classifies, compares with ERP databases and automatically sorts invoices into different document types with text, image, and rule-based classification options.
Invoices arriving via mail, e-mail or fax are captured, registered processed in a standardized workflow. Capturing at the point of entry instead of manual paper transfer, enables automation of invoices into digital workflows, adding transparency to your AP process.
PF360 Capture can be adapted to best fit the workflow of your enterprise and employees. Using machine learning, you can choose to have it auto-set document type, have type approved by employees first, or allow the type to be selected by employees before processing.
With digital archiving, invoices can be retained in a queue for data verification & once submitted, are converted to searchable PDF files with metadata for simple tagging, ensuring compliance with financial retention regulations.
Since implementing PF360 Capture less than six months ago, our accounts payable process has become more efficient and secure. Staff can now process a growing number of invoices according to specific criteria, and approvers can manage invoices securely both on-site and remotely, resulting in more timely approvals and payments.
PF360 Capture has cut the time required for AP processing approximately in half and boosted productivity by 60%, while also making AP team members more fulfilled
Investment in PF360 Capture has led to significant savings from not having to hire additional staff and allows current staff to focus on higher-priority tasks.