• Automate the entire invoice process with minimal manual input

  • Smart Data Extraction and Automated Validation

  • Comply fully with legislation with the secure revision control

  • Compliance Checks

  • Automated purchase order matching

  • Data Extraction on Line Item Level

  • Intuitive Validation (Verification) Interface

 

Add eMotion to your accounts payable process.

ABBYY FlexiCapture for Invoices is a business-ready solution for automating invoice capture in an accounts payable process. The solution builds upon the ABBYY FlexiCapture platform to deliver essential functionality for deploying automated invoice processing within an existing corporate infrastructure, supports organisations to significantly cut operational costs, ensure compliance and high data quality, and increase productivity by faster processing.

 

At the same time, the solution offers built-in country-specific settings and validation rules for invoices, and the flexibility to be easily adapted to particular business needs and future changes.

Watch this video to discover the benefits of AP automation with ABBYY FlexiCapture for Invoices ...

 
 

ABBYY FlexiCapture for Invoices is the key component of a comprehensive accounts payable solution and automatically handles incoming invoices, across multiple stages of the accounts payable process:

  1. Digitisation and classification of invoice documents arriving through various input channels

  2. Extraction, checking and validation of key data

  3. Release and final deposit of invoice data into accounting, Enterprise Resource Planning (ERP) and other backend systems

Automated Invoice Processing

Key Features

 

Business-Ready for Modern Enterprises

 

ABBYY FlexiCapture for Invoices offers a quick and easy start to automated invoice processing without a long and cost-intensive deployment cycle. The solution is pre-configured to identify all necessary data fields on invoices and offers built-in country profiles and essential validation rules.

Universal Invoice Processing

 

The new ABBYY solution delivers all the necessary tools for data and document capture automation, allowing users to easily combine them. It can be deployed in a centralised, distributed or mixed environment, and easily extended to serve other document processing tasks throughout the company.

Smart Data Extraction and Automated Validation

 

ABBYY FlexiCapture for Invoices will find and extract all necessary fields and verify the data according to legal requirements from structured and semi-structured invoices or credit notes. Its generic invoice reading logic can extract invoice fields such as invoice number, date and status, master data, vendor information, VAT-ID number, purchase information, line item data, currency, amounts including tax, discounts, bank details, and many more.

Compliance Checks

 

ABBYY FlexiCapture for Invoices offers built-in country-specific settings and compliance validation rules. These rules can be extended with adaptable sanity checks to deliver invoice processing in accordance with any specific requirements.

Country Rule-Sets

 

The solution can process invoices from major Western European countries, has a predefined rule set and uses formats suitable for these countries. According to their specific needs, enterprises and their implementation partners can easily add new countries according to their specifications such as tax rates, used currencies, key words and identifiers formats (IBAN, VATID).

Automated purchase order matching on header level

 

and validation against ERP master databases facilitates data reconciliation, streamlines the invoice processing cycle, and enables straight-through processing for matched documents. The automated matching results can be reviewed and validated by the accountant.

 

Data Extraction on Line Item Level

 

ABBYY FlexiCapture for Invoices will enable the matching of line item positions of the invoice against order data in the company’s ERP or finance system (such as total sum, price, amount per line). A table extraction of line items can be performed with or without purchase order data.

Intuitive Validation (Verification) Interface

 

Time spent on invoice reviews and corrections can be reduced to a minimum thanks to an intuitive validation interface, which guides the accountant through the fields that require attention. Smart value suggestions, field snapshots, descriptions of problems, and other useful features facilitate effective data verification.

Online-Training

 

Controllable on-the-fly training technology enables immediate data detection refinement directly by an accountant while reviewing the invoice. As opposed to "black-box"-like self-learning systems, ABBYY FlexiCapture for Invoices gives IT staff full control over the training results.

Tight Integration

 

Supplied with proven connectors to various ERP, approval workflows, and BPM systems, the solution can be seamlessly integrated into an existing financial environment.

Straight-Through Processing

 

Automated document processing from invoice arrival to posting without human intervention enables accounting staff to focus on exceptional invoices only. Leveraging straight-through invoice processing delivers significant efficiency gains, as accounting staff can now allocate saved time to strategic tasks like forecasting and cash flow optimisation.

Archiving of Invoice Images

 

Electronic archival of invoice images facilitates audits, timely response to internal or external inquiries, and ensures compliance with financial document retention regulations.

Business Monitoring for Invoice Processing

 

The Business Monitoring add-on provides service-level metrics, real-time processing data, system-health monitoring and flexible reporting tools – for more transparency of AP processes, as SLA validation or as basis for invoicing models

 
 

 

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