ABBYY FlexiCapture for Invoices
Many accounting departments are facing pressure to accelerate their processes while maintaining and even improving accuracy. It can be a delicate balance to strike, but ABBYY FlexiCapture for Invoices can help.
FlexiCapture for Invoices is an intelligent platform that automates invoice capture quickly and accurately. Built on the ABBYY FlexiCapture platform, it automatically imports invoices, whether it receives the invoice by email, fax, or whether a mobile device captured it. It even scans paper invoices.
This technology can also handle invoices issued against purchase orders. It can validate these invoices against the order information in the purchasing system. Then, your staff can review and validate the automated matching results.
FlexiCapture for Invoices’ has impeccable accuracy, which results in huge time and money-savings. This solution accurately locates invoice data that your most complex documents contain through multiple approaches. It does this by using ABBYY’s artificial intelligence (AI)-powered neural networks and machine learning technology.
As soon as your FlexiCapture solution has digitized your document, it will recognize it and transform the image into highly accurate electronic data, so there’s no need to rekey information manually. FlexiCapture identifies the country of the company you are invoicing and checks each document for compliance with local regulations, the company’s rules, and master databases, all so you don’t have to!
This technology performs highly accurate purchase order (PO) matching. To do this, it compares values in the order with those on the invoice. Matched invoices are then automatically approved and routed for posting. When matching is unclear, your staff will be prompted to view those exceptions and make value comparisons before accepting the order.