What is automated invoice processing?
Automated invoice processing is an electronic solution that enables you to take care of your invoices automatically, without having to waste your employees' time on repetitive tasks that could be automated. With automated invoice processing, you simply scan incoming invoices, and the information contained within them is processed by the software.
Benefits of automated invoice processing
Automated invoice processing saves time and ensures accurate results. Document automation software can used the structured format of invoices to extract the necessary information from each document. Then, advanced software can compare the incoming information with data that is already in the system, verify it, and output it in the desired format.
Automated invoice processing software
Different types of invoice processing software offer different levels of convenience. While all document automation tools can OCR incoming documents to recognize the text, the level of complexity that the software offers can vary. CVISION offers an invoice processing solution called Trapeze, which classifies incoming documents, extracts relevant information, and verifies it. Contact CVISION for more information about Trapeze.