Invoice automation focuses on the processing of incoming invoices. In general, invoices still arive on paper. The average cost to process an invoice is €40, but this amount varies greatly by organization.

You can save up to €10 per invoice!

For example, the costs are related to whether or not you work with purchase orders a lot and whether or not there are few or many budget keepers who must approve invoices.

The number of PDF-invoices is growing rapidly, but the process remains the same:

• Verification of the invoice (invoice accuracy versus order/contract) 
• Entry data in the financial software
• Approval process (optional)
• Payment
• Archiving (7 years after the financial year)

Invoice automation globally consists of the following components:

Benefits for your organization

• Significant savings: 70 to 90% of all invoices could be processed automatically. This means a saving of €10 per invoice
• Payback time is 6 months
• Better insights into the process, progress and status, and for advantages in terms of quality and audit
• You do not have to save your paper invoices if their is a secured digital archive system

Well suited for

Organizations who receive and/or sent a lot of invoices, but who want to spend their precious time on more important tasks and to-do's instead of processing these invoices.

Everybody needs the right intelligence to act upon with confidence.

Core capabilities

• Scanning paper invoices
• OCR: separate and identify scanned -and PDF invoices
• Verification: visual control of recognized data
• Optional: approval of invoices through workflow
• Transmitting the recognized data into ERP (journal entry) and invoices to the digital archive