Countless mistakes are made, and time is wasted between the transition of physical to digital documents. With a substantial number of invoices needing to be processed every day for decision making, AP teams need a better way to process invoices with ease, cutting turnaround time to just minutes.Download the Brochure
Automated invoice matching classifies, compares with ERP databases and automatically sorts invoices into different document types with text, image, and rule-based classification options.
Invoices arriving via mail, e-mail or fax are captured, registered processed in a standardized workflow. Capturing at the point of entry instead of manual paper transfer, enables automation of invoices into digital workflows, adding transparency to your AP process.
CapturePoint can be adapted to best fit the workflow of your enterprise and employees. Using machine learning, you can choose to have it auto-set document type, have type approved by employees first, or allow the type to be selected by employees before processing.
With digital archiving, invoices can be retained in a queue for data verification & once submitted, are converted to searchable PDF files with metadata for simple tagging, ensuring compliance with financial retention regulations.
Stop relying on time-consuming manual invoice processes.Download the free guide to learn how Invoice Processing Automation can eliminate paper and automate all your data captures.
Intelligent capture is a key component for a modern invoice processing solution. It covers five steps between invoice arrival and posting.
Supports multiple input channels like e-mail, web-based invoice scanning, MFP, FTP, mobile capture, fax, etc. It ensures identical document processing independent of form or format.
Optical Character Recognition is used on the document, with all eligible data values being stored in the database. Leverage machine learning to auto-classify documents and it creates a modal that will get smarter as more variations of the documents are processed through the system. The solution uses the database and compares the document’s content to automatically identify the information.
Data is identified and extracted from relevant invoice fields. It supports country-specific validation rules and an invoice matching against master data in addition to PO matching. Based on the document type, the system lifts field-level and line-item data without templates, anchors, keywords, or zones.
Data is automatically validated against other data to ensure consistency. The data approval process becomes easier thanks to the intelligent workflow approval that includes automated invoice processing with possibility of manual verification by staff for missing info and instant posting for valid PO-matched documents.
Documents and metadata are exported to the desired ERP system or repository for subsequent invoice data export. Automated indexing of invoices by key fields ensures fast and easy invoice retrieval. Visibility reporting allows for recording of valuable analytics that measure performance and provide more information for extraction accuracy.
Automated PO matching on header level & validation against ERP databases facilitates data reconciliation, streamlines processing, and enables straight-through processing for matched documents.
CapturePoint enables automated document and data capture. The solution can be extended to mix with other document processes within workflows, along with being fully cloud based or hybrid, where processing is done in the cloud with application/repository on-site, or all on-premises.
Classification technology classifies documents into different types and variations to automatically sort incoming documents and route them to predefined destinations. CapturePoint for invoices offers image, text or rule-based classification methods.
Automated document processing from invoice arrival to posting without manual intervention enables accounts payable staff to focus on exceptional invoices only.
The AP solution can be seamlessly integrated into an existing financial environment, with connectors to various ERP, approval workflows, and BPM systems.
Our intuitive validation interface guides staff through the fields that require attention. Smart value suggestions and other useful features facilitate effective data verification.
"CapturePoint has cut the time required for AP processing approximately in half and boosted productivity by 60%, while also making AP team members more fulfilled"
"Investment in CapturePoint has led to significant savings from not having to hire additional staff and allows current staff to focus on higher priority tasks."
Gain greater visibility into your document lifecycle through processing of invoices from various sources and formats.
Save time and reduce costs from time intensive, manual processes which can be reduced from weeks to a matter of days.
Optimize cash flow, enable dynamic discounting, and plan forecasting as soon as documents are received in your accounting system.
Streamline operations, reduce human error, increase workflow by accurately processing electronic information.