For a complete manual process, the cost per invoice (CPI) ranged between $15 and $27, considering the cost of data entry, verification, matching to PO, review, approval, posting and final storage.
Using an automated invoice processing solution, the cost per invoice ranged between less than $1 (if posting and payment are part of the process) to about $3.50 if posting is a separate process.
Is a solution for fast, transparent, and secure processing of inbound invoices. The solution covers the reading, review, approval and posting of invoices and simplifies controlling.
The solution enters each received invoice in the invoice ledger and automatically starts a multi-level review workflow. This workflow can be customized to meet the needs of your company. The status of the invoices and the entire process are always completely transparent.
Intelligent Invoice Automation starts with 10,000 invoices/year and comes with two license types
Offers a full control of ingesting and processing invoices
Allows participants Review and Approval abilities