INTELLIGENT INVOICE PROCESSING

 

Vuram’s Intelligent Invoice Processing System is built for organizations that spend significant time manually processing hundreds of invoices received via multiple formats: mail, fax, email etc. The application revamps your legacy invoice processes with automated invoice capture and approvals in a single end-to-end platform.  

The Intelligent Invoice Processing System is integrated with Rossum, an OCR-based platform, to automatically scan and extract invoice image data for processing, eliminating tedious invoice data entry, increasing accuracy, and cutting down time to process invoices significantly.

HIGHLIGHTS

 

Easy invoice indexing: Quickly upload invoices, populate required fields automatically, get flexibility to edit/update data and maintain data in the system.

Quick Invoice Processing: Speed up processing and approvals with features to upload/manage documents, add quick notes, refer purchase order linked to invoice etc.

Customizable Approval Flow & Organization structure:  Customize your own approval flow for the invoices for various stages, define user roles and SLA time to process the invoices.

Service Level Agreement(SLA): Specify the response and resolution time for any invoice processing in the system based on every stage in the workflow.

Features

 

Audit Trail: Track the stages of invoices approvals with an Audit trails dashboard that maintains a deep history of user activity.

Adhoc Question: Clarify queries/questions with other users across the system and track responses in the respective invoice record.

Seamless Integrations: Integrate with google-based OCR platform, existing Purchase Order records, and with various payment systems.

Detailed Records: Create new records, maintain separate records for suppliers, and get invoice-level details such as supplier name, due date, amount, and more.

Extensive reporting: The applications is equipped with predefined reports, insight into key metrics, statistical analysis, SLA reports to track invoice processing time and more

 

key benefits 

Adopt paperless process: Scan any number of invoices and reduce paperwork across the complete invoice processing cycle.

Faster end-to-end processing: Automatic data extraction from invoices and quick route to approvals to boost processing time.

Reduce delays and eliminate bottlenecks: Spend 70% less time on invoice processing and approval ‘chasing’. Reduce human errors.

Improve collaboration: Improved collaboration with end-to-end visibility across various stages and get automated email notifications.

Reduce late payment penalties: Effectively manage vendor relationships and reduce invoice errors through rapid invoicing processing and timely payment.

 

YOU MIGHT ALSO BE INTERESTED IN

Pin It on Pinterest