Accounts Payable Automation
E-file can help to reduce finance department overheads by eliminating manual data entry and thus making the task of vendor invoice processing far less painful and time consuming.
The process:
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Vendor invoices are supplied to e-file in paper or electronic form (email or fax).
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Paper invoices are scanned and the resultant collection of digital files is ‘cleaned’ and then batch processed.
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Software identifies and separates each document and then IDR (intelligent document recognition) technology automatically extracts information such as invoice number, invoice date, invoice amount and purchase order number.
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The data and the scanned images are provided to the client in PDF, XML or any file format to meet the input requirements of the accounting or ERP system being used.