Automated Invoice Processing
Automated invoice processing from Datamation cuts the cost of handling invoices from $15-20 to <$1 and make it easier to eliminate errors, duplicate invoices and late payment fees. Combining Datamation’s state-of-the art accounts payable technology with document management, our automated invoice processing solutions will enable the transformation of manual paper-based, labor-intensive AP processes into automated, paperless, rules-driven workflows.
Built around Datamation’s flexible, scalable accounts payable workflow engine, we will:
- Define situation-specific business rules
- Automate invoice routingSet permissions and access rights
- Track and manage invoice approval
- Implement validation checks to catch billing anomalies
- Re-route flagged invoices without disrupting standard workflow
- Send automated reminders to spur efficiency
- Streamline your entire AP process
Datatmation’s automated invoice processing provides built-in controls such as duplicate payment protection, secure electronic invoice approval, and audit trails. This results in enhanced Business Intelligence through invoice “drill-down” capabilities to access support documents and robust management reporting through pre-defined and ad hoc reports. The system’s advanced security features make it an ideal solution for single and multi-site implementations.
If the accounts payable process includes a purchase order (PO) system, invoices are automatically matched to the POs and receiving records. All unmatched invoices are automatically routed for exception processing.
Automated Invoice Processing from Datamation can be set up within 24 -48 hours, even with custom requirements, and third-party payment management services can be integrated to complete the payment process by ACH, wire or check. And if you would like to cut costs even further by eliminating the labor involved with manual handling and scanning invoices, see our accounts payable outsourcing (APO) service.
