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Automated Invoice Processing, an end-to end solution to streamline invoice handling …
Manually processing an invoice is one of the most time consuming and costly activities accounting departments undertake every day. Coupled with the problem of lost invoices, data entry errors and late supplier payments that incur additional costs, streamlining this process is now a top priority for many companies.
A survey by the International Accounts Payables Professionals (IAPP) states that it can cost up to £50 to process an invoice, 70% of which results from document handling and data entry alone. What’s more for every one pound spent on producing a paper form, between £16 and £30 is spent processing that form.
It’s therefore not surprising that so many companies are now looking to introduce electronic automation in order to reduce the cost and time spent on this process.
CACI’s Automated Invoice Processing (AIP) solution will automate and streamline the entire invoice and payment cycle, so that you can improve staff productivity and operational efficiency.
By using the latest intelligent character recognition software, which can be fully integrated with any AP and document management system, data held on paper or electronic invoices can be captured and processed in record time and at a fraction of the cost.
Find out more …
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