Automated Invoice Processing
For organizations handling a large volume of invoices daily, introducing an automated invoice processing system can quickly impact their bottom line in a positive manner. The cost of handling an invoice manually can vary by company and by invoice; however, industry estimates suggest the cost to process an invoice is as much as $40 - $50 per invoice. As invoice processing costs escalate, an automated invoice processing system can realize financial benefits faster and yield a real, tangible ROI. By replacing manual invoice processing with an automated invoice processing system, companies can recover the cost in a short period of time.
CVISION’s Trapeze offers a solution for automated invoice processing. Trapeze contains an intelligent recognition server capable of automatically interpreting the relevant information and fields within an invoice, in real-time. Through automated invoice recognition, manual invoice processing is significantly reduced. Once the invoice information is validated, Trapeze can automatically reconcile the invoice information with the corresponding data in your business or accounts payable system.
Benefits of Trapeze Automated Invoice Processing:
- Dramatically reduces AP costs compared to manual invoice processing
- Faster Invoice Processing
- Organizes invoices for improved Accounts Payable data quality
- Improved invoice processing accuracy by eliminating human error
- Automatically validates the invoice information with your AP system