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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.

ABBYY FlexiCapture for Invoices Capabilities

The thought of automating a new process may be headache-inducing. After all, deploying a new solution often can mean a steep learning curve that slows down operations. Fortunately, FlexiCapture for Invoices makes this transition quick and easy. The solution comes to you ready to automate your invoice processing almost right away- no more painful deployment periods. It comes pre-configured so that it can identify the required data fields. It also comes preconfigured to settings that are easy to adjust to the rules of your business right away. You can also implement FlexiCapture for Invoices in the cloud or on-premise.

FlexiCapture for Invoices allows you to import invoices automatically. It doesn’t matter if they’re paper and need to be scanned, captured by a mobile device, or received by fax or email. Your solution captures, registers, and processes each invoice, regardless of receiving format, in a standardized workflow. It also features web-based and mobile scanning clients so you can establish points of capture anywhere you receive your invoices.

The solution also has intelligent document routing. This feature can be a significant time-saver itself. Based on the results of multi-level checks, it assigns each invoice a status. It then moves each invoice to its respective next step:

  • Valid, which approves it for further payment posting
  • Exception, which sends it to your staff who can assess the invoice and add in missing information if needed
  • Rejected, meaning return to your supplier

When you invest in an ABBYY solution, you uncover the benefits of ABBY’s acclaimed AI-driven recognition neural networks and machine learning capabilities. As soon as you implement your solution, it begins its continuous learning process. Over time and continued feedback on your documents, the quality of its extraction rises even more. FlexiCapture for Invoices can locate your most complicated documents’ invoice data thanks to these technologies. With a FlexiCapture for Invoices solution, you can be confident in your processes’ precise accuracy.

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