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AnyDocINVOICE

By AnyDoc Software, Inc.

Current Version: 5.0
 
Product Description  

 

To escape the rising costs and inefficiencies of manually processing invoices, many companies have turned to AnyDoc Software’s automated data capture solution – AnyDocINVOICE.

With AnyDocINVOICE, you can automatically capture data from all your vendor invoices automatically.

- Expedite invoice data into your workflow
- Eliminate bottlenecks and backlogs
- Capitalize on early payment discounts
- Increase data accuracy
- Reduce manual data entry costs
- Improve customer service
- Easily increase vendor invoice processing volume

AnyDocINVOICE provides a boost to productivity levels that would be unachievable by existing staff – and at a lower cost. Companies have realized dramatic reductions in turnaround time – in some cases, processing times of 10 days have been reduced to 3 - 4 hours, saving companies more than $500,000 in annual costs.

AnyDocINVOICE brings increased speed and efficiency into A/P departments by minimizing manual data entry. The solution automatically captures and processes the data you need from invoices, such as vendor ID numbers, invoice dates, purchase order numbers, line-item descriptions and charges, payment terms, shipping charges, taxes and more.

The majority of the escalating costs of manual processing are derived from paying workers to spend the better part of their day keying the data from incoming paper invoices into your AP system. It is a slow and inefficient system that is all too often riddled with data entry errors. This creates a higher labor cost, because it takes more time to get the important work done. Downstream decisions, such as payment approvals, can also be delayed when information doesn’t reach financial management systems quickly enough.

And while you may have considered implementing an EDI system to alleviate the problem, not all of your vendors will be on board with the idea – which still leaves you with stacks of paper invoices to deal with.

Instead of operators manually keying in data from paper invoices, AnyDocINVOICE uses optical character recognition (OCR) to “read” or recognize the different types of print on a scanned invoice image. The data is captured per your business rules and exported directly into your existing accounting system. Working nights and weekends can become a distant memory and employees can concentrate on more value-added tasks.

Benefit from the AnyDocINVOICE difference:
- OCR all your invoices – no need for templates
- Use your existing business processes and accounting rules
- Capture and auto-verify detail lines
- Balance line items to invoice amount
- “Memory” technology learns as it goes, speeding processing times

With accurate invoice information delivered faster, your organization can start the approvals process sooner, providing substantial competitive advantages in reduced labor costs, higher productivity, improved vendor relations and capitalization on negotiated payment terms.

And, when combined with AnyDoc®REMIT, you’ll experience a complete accounting solution by automating remittances in your accounts receivable department as well.


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Note: The vendor profile above for (AnyDocINVOICE
) is not written by Accounting Software 411. Information is provided and maintained by the vendor AnyDoc Software, Inc. and/or by third party sources. Accounting Software 411 confirms basic company data prior to posting a profile. The above information is not a review or endorsement by Accounting Software 411 of the product.



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