It’s not unusual for a company to receive over 50 percent of its invoices via email and for others to receive up to 40 percent of their invoices via XML. Add in paper invoices, PDFs and e-invoices, and the need for an intelligent capture solution that automates the scanning, interpreting and filing of invoice data, regardless of source or format, is clear.
ReadSoft Invoices lets you trade late payments, lost invoices, and a lack of visibility for an automated invoice processing solution that improves your internal processes and supplier relationships. It’s an easy-to-install, out-of-the-box solution that adapts to your business requirements and uses self-learning technology to continuously increase speed and precision.
Whether your AP department receives an invoice on paper or via XML or e-invoice, ReadSoft Invoices is equipped to capture and extract its information. Advanced mechanisms support invoices received via emails, such as PDF’s, XML, images, and many other formats.
Lost invoices and late payment penalties don’t have to be your AP department’s way of life. By quickly and accurately filing invoices in your ERP system, you can capture early payment discounts and gain complete control of the financial process to ensure customer satisfaction.
When invoice volumes increase, but you still have the same number of employees carrying out manual work, your productivity can suffer. Automated invoice capture lets you eliminate manual data entry, increase productivity and reallocate staff to more strategic work. In fact, one Kofax customer saved 30 million keystrokes per year and absorbed a 40% volume increase.