Many accounts payable departments receive and process thousands, or even millions of invoices each year, and the majority of these are still traditional, paper documents. In order to automate their AP processes, organizations must first tackle the paper crush.
Although technologies for in-house scanning and document imaging abound, an increasing majority of organizations are looking to outsourced solutions that remove the cost and resource drains of handling and storing paper invoices, and allow them to quickly take advantage of electronic invoice processing and workflow tools.
Outsourced Invoice Data Capture Services
Bottomline's secure, state-of-the-art Transaction Centers are optimized to accept all types of incoming invoices, and provide a cost-effective alternative to in-house scanning and archiving. Advanced data capture capabilities instantly transform paper invoices into electronic data files that can be fed directly into the Bottomline Business eXchange, Bottomline's electronic invoicing network and collaborative supplier portal..
Unlike costly Optical Character Recognition (OCR) or Intelligent Character Recognition (ICR) solutions that provide raw document "images," Bottomline's outsourced invoice capture service offers a unique combination of highly-trained technicians and recognition technologies to quickly capture data at the line-item level. This approach delivers the highest possible accuracy rates, eliminating the need to manually re-key data while accelerating overall turnaround time.
To learn more, contact your local Bottomline representative.