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.
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.
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
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.