A/P
Invoice Processing Module
The goal of the A/P Invoice Processing module is to
significantly reduce the time and expense of getting A/P
invoice data entered into the A/P accounting software.
The A/P Invoice Processing module has four basic steps.
In the first step, the A/P invoices are scanned. In the
second step, a template is assigned to each scanned
image. Each template is unique to a particular vendor
and tells the imaging software where the various data
fields are located. In the third step, the software
reads the data in those selected fields and presents the
data for validation. In the final step, the extracted
data is passed to the A/P accounting software where it
can be imported without any additional data entry
requirements.
While there will always be some invoices that are more
difficult to read than others, the A/P Invoice
Processing module should correctly read and extract 70%
to 80% of the invoice data. This represents a
significant reduction in the time required to process
A/P invoices. Once the A/P invoice data has been
extracted and verified, that data can be loaded directly
into the A/P accounting software.
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