Invoice Scanning – Breaking Free From Slow Paper Based Processes

Dec. 30, 2010 - PRLog -- Break free from these processes thank to invoice scanning. Paper-to-Data reduces the costs in Accounts Payable processing, eliminates paper from day one of implementation and allows you to slowly introduce a full electronic invoicing solution over time.

Invoice scanning allows you to receive and scan all inbound paper invoices and output the data directly into your ERP or finance system. This enables your finance team to then view and manage all invoice data online – simply and efficiently.

If you’re not keen on implementing e-invoicing in one big swoop, invoice scanning (http://www.accountis.com/e-invoicing/) is a cost-effective stepping stone to the full process. Upon implementation you will be able to get all your suppliers onboard, enabling you to make the easy migration to a fully automated payables process whenever you’re ready.

The premise of automated data capture and validation means that human errors introduced by manual data entry are eliminated, minimising exceptions downstream. There is no chance of losing invoices or having to negotiate filing cabinets full of invoices you cannot find – invoice scanning stores it all in one data archive.

There is so much we can do in business to save energy and reduce waste. Invoice scanning is just one of a number of processes that enables businesses to reduce the amount of paper used in the financial process. Huge quantities of resources are consumed by businesses for paper financial documents on a daily basis, and now this can be easily eliminated by controlling the financial supply chain electronically.

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Fundtech FSC Ltd is an international provider of invoicing scanning (http://www.accountis.com/e-invoicing/) and payment services including 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 Fundtech 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.