A Guide to OCR Invoice Processing In Accounts Payable
OCR technology is changing the way accounts payable manages invoices and vendor payments by eliminating manual data entry, improving accuracy, and...
3 min read
Chris Cosgrove
:
Jan 8, 2015 2:05:42 PM
Converting documents is never a straight forward task when you deal with the level of iterations that we do on a daily basis. At CloudX we handle things like accounts payable invoice processing, accounts receivable remittance processing, check processing, sales order processing, credit memo processing, and a variety of things in between. As an upfront disclaimer, none of these are standardized documents like you encounter with HCFA or UB forms, which are other items we’ve processed. With that said, there are some key things to remember when it comes to document processing in terms of making a process air tight, streamlined, and effective.
There are myriad business advantages to automated document processing, but arriving at the right solution for your business is by no means a one size fits all approach. We at CloudX are certainly advocates for document process outsourcing because we believe it represents the highest in blended values from a technology and human touch perspective while offering unparalleled affordability, but whether or not that works in your environment is a fundamental choice left only to you. Whatever you decide, know that successful document process automation is a worthwhile effort when done correctly and will yield lasting results.
Click here to schedule a free demo of our powerful AP Automation Software, APSmart.
OCR technology is changing the way accounts payable manages invoices and vendor payments by eliminating manual data entry, improving accuracy, and...
In this AP automation software comparison, you’ll discover how APSmart stacks up against Stampli for invoice processing, approvals, payments, and...
Understanding accounts payable best practices is key to choosing the right automation solution for your organization. Learn about AP automation in...
Built with ❤️ Small Business Marketing by Splurge Media