e-invoicing

Accounts Payable (Invoice Processing) departments in today's global organisations operate under increasingly strict and fluctuating requirements. From satisfying external customer demands, to meeting increasingly stringent financial controls and internal margins, much depends on the success and efficiency of the invoice processing team.

Invoice Processing

Technology is changing the way accounts and invoice processing departments function. Invoice automation is driving productivity and efficiency, as well as cost reduction. To ensure invoices are promptly paid and mishandling does not compromise hard-earned business relationships, organisations are increasingly depending on the benefits of an integrated accounts payable solution with their ERP, accounting, workflow and/or document management business applications.

Invoice Processing Software

Kofax e-invoicing solutions provides organisations with unparalleled automation, visibility, and control of the invoice processing giving organisations the ability to realize significant benefits: reduced invoice processing cycles, streamlined efficiencies, enhanced accountability and optimized corporate performance.

Kofax Capture offers a compelling solution whether you need to capture data such as an invoice number or you need to extract data from an unlimited number of fields. Our e-invoicing solution gives you the ability to automatically match purchase orders with invoices, eliminating labor intensive manual matching.

Kofax e-invoicing includes advanced recognition technology that dramatically reduces the keystrokes required to enter data. The data can be delivered directly into your ERP system, immediately, by using business rules to automatically validate data and deliver images to the rest of your invoice processing system.

Kofax e-invoicing can provide tightly integrated connection to your ERP system, so captured data is available immediately. You can also apply business logic and complex validation rules.

	1  DIGITISATION
	Paper invoices are digitised using a professional document scanner and Kofax's Capture software Electronic format invoices can also be imported
	2  IMAGE CORRECTION
	Kofax's award-winning VirtualReScan (VRS) technology automatically improves the quality of scanned invoice images Even poor quality originals are transformed into legible images, optimised for data extraction
	3  DATA RECOGNITION AND EXTRACTION
	Analyze incoming invoices using powerful character recognition technology (OCR/ICR) Regardless of invoice layout, needed information is extracted, e.g. lnvoice Number, lnvoice Date, Supplier Name and Total Amount Advanced Options include: lnvoice Line ltem Extraction - with purchase order or warehouse records Database Lookups - a highly accurate method of capturing and verifying needed data with minimal OCR
	4  VALIDATION
	The Validation Module allows data to be checked by a skilled operator or through database lookups, or a configurable combination of both
	5  RELEASE
	Validated data and images are exported to any ERP, accounting, workflow or document management solution For ease of use, standard release interfaces are available for dozens of industry leading solutions, including SAP® R/3®
	6  SECURE STORAGE
	Released documents are simultaneously archived in accordance with corporate and legal retention policies. DCS offer a wide range of archival storage technologies and can recommend the best option for your requirements. Further details on secure storage.

If you'd like to find out more about Kofax products, please call us now on 01753 616720 or e-mail us with your particular requirements.