Data Capture - Break Free from Slow & Costly Paper Based Processes

Sept. 10, 2010 - PRLog -- Data capture allows companies to transform their inbound paper invoices by eliminating paper and introducing a quicker more cost effective process from day one.

The advent of invoice imaging allows you to receive and scan all inbound paper invoices and output the data directly into a finance system. This allows your finance team to view and manage all invoice data online – quickly and simply.

Not only is this technologically advanced and eco-friendly, it is a cost-effective stepping stone to full e-invoicing. There are a number of benefits to using data capture to migrate towards a fully automated payables process.

Automated data capture (http://www.accountis.com/e-invoicing/paper-to-data/) and validation eliminates errors introduced by manual data entry and minimises exceptions downstream. As well as eliminating errors it also encourages faster data entry into finance systems, giving businesses real-time access to all payables data. Once data is in the system, it enables instant and full digital back-ups for the most extensive archiving system.

There is so much businesses can do to save energy and reduce waste. Companies like Fundtech Accountis can help by enabling companies to reduce the amount of paper used in the financial process. Huge quantities of resources are consumed by businesses each day to create and deliver paper financial documents, such as invoices. Huge quantities of waste are also produced in their disposal. This can easily be eliminated by replacing a slow, inaccurate manual process with a faster, more efficient electronic service.

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Accountis Europe Ltd is an international provider of e-invoicing and payment services including Data capture (http://www.accountis.com/e-invoicing/paper-to-data/), Bacstel-IP, direct debit and direct credit management, account validation and SWIFT.

Founded in 2002, Accountis became part of the Fundtech group in early 2008 and processes over 1 million transactions every day. The Accountis trusted transaction network is used by many of the World's largest corporations to leverage existing systems and maximise efficiencies across the financial supply chain.