Process Invoices Faster by Automatically Capturing Invoice Data
Watch this 2 minute video to see how your accounts payable department can become more efficient with automated invoice processing:
What is Trapeze for Invoice Processing?
CVISION's Trapeze for Invoice Processing is an advanced automated solution that is capable of quickly and accurately recognizing and extracting relevant information within each invoice. After extracting information from incoming invoices, Trapeze can automatically reconcile the invoice information with the corresponding data in your business or accounts payable system. With Trapeze, you get faster invoice processing and higher accuracy with the removal of human error.
Accelerate Your Accounts Payable Workflow with an Automated AP Solution
Processing invoices in the traditional sense is an inefficient and error prone task where employees manually enter information from a high volume of paper and electronic invoices into the computer. Trapeze is an automated tool that extracts invoice data. Automation greatly accelerates the accounts payable workflow by replacing slow, manual invoice coding and data entry with auto-validation of invoice information including vendor number, date, line items, freight cost, tax, totals and various other fields including bill-to and ship-to addresses.
Improve Invoice Processing Accuracy
Trapeze for Invoice Processing reduces the chances of human error in the accounts payable workflow simply by automating the coding and data entry process, minimizing manual intervention. In addition, with CVISION's super-accurate OCR technology, Trapeze for Invoice Processing accurately extracts invoice data to minimize human error. CVISION's OCR engine has been tested to recognize 5-10% more characters than other leading OCR engines! Fast, accurate OCR can greatly increase the efficiency of employees searching for important data in large documents.
Realize a Measurable ROI with Invoice Automation
Utilizing an automation solution to remove the traditional paper-intensive manual invoice process helps companies manage resources more efficiently. By eliminating the need for manual data entry, employees can be re-allocated to more meaningful, higher value-added tasks. In client case studies, manual data entry costs have been reduced by as much as 80%. Using CVISION’s QuickStart program, clients will become confident in the new invoice automation software with dedicated training and support. In addition, the QuickStart enables clients to perform scripting on their top vendors so that users can start processing files more efficiently from day one. In one case, a client was able to achieve an ROI in as little as 6 months utilizing this sophisticated invoice processing software.
Easy Integration into the Accounts Payable Process
Trapeze integrates into your existing workflow. Automated data extraction with Trapeze can be customized according to business rules specific to an organization’s process for complete control over the system.
Trapeze for Invoice Processing Features
- Super Accurate OCR engine
- Ability to extract data address (Bill-To/Ship-To)
- Recognize and extract additional line items (e.g. Item Description, Part Number)
- Analytics module to help identify vendors that may benefit from custom scripting
- Smart Splitter that automatically splits multiple invoices in a single input file
- Synching with PO lookup files
- Functional Discount Support
- Direct Ship Support
- Validation viewer Screen
- Ability to show/hide validation fields by category (e.g. optional fields)
- Load and save a configuration in a ZIP file
- Extract Invoice Data and Output into industry standard formats including XML or CSV
Featuring highly accurate OCR engine and advanced machine learning technology, Trapeze for Invoice Processing not only integrates seamlessly with your company's accounts payable (AP) system, but reduces manual data entry costs while improving both the accuracy and speed of data extraction. Expedite your organization's invoice processing from start to finish today and realize a measurable ROI through automation!