Eliminate the burden of manual invoices
Processing invoices from stacks of paper, batch files, or webservices by hand takes a whole lot of time. Speed invoice cycle times, reduce errors and delays, and improve outcomes with intelligent capture for your invoices.
What is invoice capture?
Invoice capture takes your invoices found in stacks of documents, digital folders, emails, or vendor sites, and pulls out the essential information for use with an enterprise resource planning (ERP) or other business systems. Invoice capture relies on intelligent capture technologies like machine learning, intelligent document processing (IDP), optical character recognition (OCR), and AI to remove the manual labor of document separation, classification, and integration.
The growth of AI in intelligent capture technology has caused the time to value automating invoices to simply collapse.
Invoice capture benefits
Digitize existing files
Upload existing invoices from stacks of paper, emails, or e-files to rapidly digitize, separate, and classify data.
Automatic Invoice Retrieval
Set digital workers to scan incoming emails and scrub vendor websites to obtain invoice information.
Instant processing
Intelligent capture processes invoices in as little as 10ms, parsing and classifying key information like values and order numbers.
ERP Integration
Access captured data directly in your ERP to update records and enable a unified view of invoice data across departments.
Complete visibility
Track and report on invoice process status, identify bottlenecks, and automate reminders for to-dos like signatures and approvals.
Improved Speed and bottom-line
Complete invoice cycles in record time, improving cash flow and capitalizing on early pay discounts.
AnMed AP wields invoice capture for improved gains
Healthcare system automation case study
The Problem
AnMed Medical Center’s AP department manually processed over 6,000 invoices per month, a considerable time investment prone to errors.
The Solution
KeyMark provided a customized intelligent capture solution to rapidly capture, classify, store, and index critical invoice data for fast retrieval robust organization.
AnMed eliminates filing errors and paper storage needs while improving productivity and vendor services with intelligent capture solutions.
Let's get you the benefits of automatic invoice capture!
Ready to talk to one of our Accounts Payable automation experts? Reach out to Team KeyMark with any and all questions regarding invoice capture automation.
We can even run you through a demo of an automated invoice capture process in action!
