- Reduce invoice processing costs? A recent study says the average labor cost of processing an invoice is $15.00 each. What if you could cut this in half?
- Eliminate painstaking manual keying of data from paper invoices and extract data automatically by invoice scanning software?
- Decrease invoice processing and billing cycle time?
- Eliminate easy to make errors in Accounts Payable such as the wrong quantity versus the purchase order?
- Automate your accounts payable system invoice processing system?
- Provide automated 2 and 3 way matching of AP invoices with your accounting or ERP system?
FlexiCapture is a Ready to Run User Trained OCR Invoice Recognition Software Solution
ABBYY FlexiCapture for Invoices is a quick and affordable means of solving your invoice processing system challenges. It is a ready to run automatic invoice processing solution that is built upon ABBYY’s FlexiCapture OCR recognition engine foundation. This revolution in document capture software combines the industry leading ABBYY® data extraction engine with a ready to use invoice processing application for a true out of the box, user assisted auto-learning application. AP personnel can scan new invoices and the system will learn the data fields on the fly without the need for administrative support from IT. You can expect to begin processing documents within a matter of a few hours with a connection to a list of vendor names and addresses in your accounting or ERP system. In addition, the ABBYY FlexiCapture price makes the system affordable while providing a rapid ROI. Find out more today about how we can automate your accounts payable system.
Automate your Accounts Payable system and processes. Out of the box 2 way matching of line items to purchase order. With ABBYY FlexiCapture for Invoices you can:
- Lower your invoices processing costs and cycle time by 50%
- Cut the time to process invoices by 1 to 2 days.
- Centralize your invoice collection from paper mail, email and fax using the advanced invoice recognition system.
- Provide line item by item 2-way match to your accounting system (out of the box), and 3-way match with a packing slip (available as an option).
- Greatly increase the accuracy of your Accounts Payable by providing automated rules for validation of invoices.
- Provide automatic invoice OCR and rendition to searchable PDF, XML, or any back-end system.
- Completely automate your accounts payable system.
What FlexiCapture for Invoices Does Out of the Box With Advanced Invoice OCR Technology:
FlexiCapture Automatically Extracts Data from AP Invoices Including
- Invoice number and date
- Name and address of the buyer
- Name and address of the supplier. New suppliers can be added from this same interface.
- Delivery date
- Purchase order data including line items, quantity, unit and total price. Includes rules to validate each line item.
- Currency type ($USD, Euro, etc.) and total invoice amount