Cloud Invoice Processing for Accounts Payable

Cost Savings with Automated Extraction

Reduce your operational costs with automated data extraction from invoices

Increase Productivity with Digital Workflows

Use process automation technologies to identify and track query and exception transactions

Process Insights for Informed Decision Making

Gain visibility of critical transactions allowing your organisation to act promptly and make informed decisions

What is Cloud Invoice Processing

A Cloud Invoice Processing Solution provides a way for organisations to consume advanced data extraction technologies for collecting invoice data automatically. As a Cloud offering, it is quick to deploy, requires little maintenance and provides a rapid return on investment. Invoices are automatically ingested by the platform, before artificial intelligence and machine learning technologies recognise data and perform validation to create a data file suitable for uploading to the Finance or ERP application.

Liberate your AP team from Manual Invoice Processing

Automated invoice processing

Is your Accounts Payable (AP) team still struggling with challenges associated with manual data entry tasks. Cloud invoice automation is an easy to implement, fast and effective way of getting information into accounting systems such as Microsoft NAV, Microsoft Dynamics 365 Business Central, Microsoft Dynamics 365 Finance and Operations, Oracle NetSuite, Oracle Fusion Cloud, and Coupa.

Why consider cloud invoice processing?

  • Eliminate manual data entry tasks and reduce cost of processing invoices with best-in-class invoice data recognition

  • Automate workflows for approval, allowing your team to work remotely

  • Provide insights for financial directors and senior finance team members

  • Reduced deployment costs and low total cost of ownership resulting in rapid return on investment.

Toymaster Case Study

Understand the benefits realised by Toymaster by deploying a Cloud Invoice Processing Solution

Evaluate how it will work for you

Invoice Processing Demo

45 min | Free

One of our experts can take you through an end-to-end demo and how it will work for your processes.

BOOK NOW

Test My Invoices

45 min | Free

Provide us with some of your invoices and we will show you what levels of automated data extraction you should expect.

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Prove the Integration

45 min | Free

Using pre-built and fully supported connectors, we can configure the platform to pass data to your Finance Test System.

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Invoice Processing Pressures

Accounts payable and purchase ledger teams are often under significant pressure to perform invoice processing activities. Suppliers want prompt payment to continue providing products and services and data from invoices needs to be entered into Finance Applications, coded, matched and approved before payment can be made. Manual processing of invoices can lead to errors and delays as well as being time-consuming.

Process Invoices Automatically

Our automated cloud invoice processing platform will allow you to streamline your process and free up team members to focus on exceptions and value-add tasks. By automatically extracting data and matching invoices to purchase orders, invoice processing has never been simpler.

Cloud Invoice Processing Steps and Flow Diagram

Any Invoice, Any Invoice Source, Any ERP

Our platform allows ingestion of invoices from any source including email and email attachments, portals, and EDI (Electronic Data Interchange) and will perform automated matching with purchase order data gathered from Finance applications. Once matched and optionally coded, the pre-built framework for data export allows data transfer to ERP or Finance system including Oracle, Coupa, SAP, Microsoft Navision, Sage, Infor, Quickbooks and Xero.

Real Time Dashboards

Granular dashboards provide insight on invoice status and visibility of all processing activities in one place giving accounts payable and purchase ledger teams information needed to action queries and exceptions.

Kofax Readsoft Online Cloud Invoice Processing Analytics Dashboard

Pricing Plans

Flexible pricing plans to suit your organisation. Only pay for the functionality that you need and the volume you process. Our solutions can scale with the demands of your business for today and tomorrow.

Trial

Two month trial period

Free of charge

Process upto 500 invoices

Invoice header and line item extraction

No credit card required for setup

No complicated sign up

Expert assistance to get you up and running

 

 

 

Basic

Industry leading data extraction rates

Built in integration

No installation required

Online correction and learning

Invoice header items extraction

Data validations and business rules

No credit card required or complicated sign up

Expert assistance to get you up and running

From £30 per month

Premium

Industry leading data extraction rates

Built in integration

No installation required

Online correction and learning

Invoice header and line items extraction

Data validations and business rules

No credit card required or complicated sign up

Expert assistance to get you up and running

From £50 per month

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