Invoice Processing Automation

Invoice Automation. Companies today that manage vendor invoices manually incur higher costs due to process inefficiencies in their cash flow and invoice processing systems. As a result, they experience higher error rates/process exceptions and often fail to take advantage of early pay discounts that can further reduce costs.

At the same time, because AP data is often trapped in paper invoices or emailed digital documents, firms relying on manual processes fail to capture data efficiently that would provide better visibility and control over key business KPIs like cash flow.

Problems Solved

Achieving Greater Efficiency, Visibility and Scalability Through Invoice Process Automation Software. Artsyl focuses on solving the most painful, manual steps in the procure-to-pay process; document handling and routing, invoice matching/approval and transaction data entry and validation.

By relying on Artsyl solutions for invoice data capture by extracting data from scanned paper documents and electronic files, customers achieve more timely access to data and can automatically match PO-based invoices, or routing non-PO invoices for approval and processing.

More efficient invoice automation processing dramatically lowers the cost of invoice processing while delivering better visibility to financial KPIs like g/l accruals and cash flow. It also allows finance teams to scale their operations and support a growing business without adding staff to enter data/file documents/handle process exceptions.

Artsyl Solutions

Artsyl Solutions Take the Pain Out of Your AP Process and Get You Up and Running Quickly. Artsyl’s docAlpha digital transformation platform provides intelligent capture, data validation, automated workflow and ERP/ECM integration to support straight through processing of PO and non-PO invoices.

Invoice Action from Artsyl is a smart process application that works on top of the docAlpha platform.

Packaged and pre-configured to identify/classify a variety of procurement documents, InvoiceAction automates document matching, approval routing, access to G/L codes, data validation and ERP transaction data entry.

InvoiceAction minimizes the cost, complexity and time required to implement a complete AP automation solution for vendor invoices.

Benefits with Artsyl docAlpha:

  • improved accuracy of processing with automating manual paper-based invoice processing
  • reduced processing time
  • elimination of handling and storing volumes of paper invoices and supporting documents
  • utilizing early payment discounts
  • auto-detection and elimination of duplicate invoices
  • increased resistance to fraudulent and incorrectly filed documents
  • automatic detection and adjustments to improper tax and deductions calculations
  • improving vendor relations

For More Information

Learn more about docAlpha.

Learn more about InvoiceAction.

Read a Case Study.