Reduce your Document Processing cost by 60%

How does document Processing works?

Multiple Sources Inputs Document

Document processing involves the efficient extraction of relevant information from various sources, ensuring accurate capture and digitization of data for further analysis and utilization.

Extraction & Processing

Document processing involves the efficient extraction of relevant information from various sources, ensuring accurate capture and digitization of data for further analysis and utilization.

Verify & Synchronize

Verification ensures the accuracy of automated invoice data, validating key information against predefined criteria. Synchronization then seamlessly integrates verified data into the financial system, fostering efficient and error-free automated invoice processing.

Document Type Suported

Bank Statement

Bill of Lading

Invoice

Insurance Document

Custom

What is Automated Document Processing?

Document processing automation is the process of streamlining and automating the document processing workflow. Document automation streamlines accounts payable processes by automatically processing and paying supplier invoices, often powered by modern AI development services.

A document processing workflow includes steps such as extracting document data, entering the data into ERP or CRM systems, and reviewing and approving invoices automatically based on preset rules.

Most invoicing platforms can directly integrate with ERP systems, which improves the timeliness and accuracy of payments while reducing manual effort and errors.

Features of document Processing software

Smart Document Capture

Utilize advanced optical character recognition (OCR) technology to intelligently extract relevant information from invoices, including vendor details, invoice amounts, and line items.

Automated Data Validation

Employ machine learning algorithms to cross-verify extracted data against predefined rules and historical patterns, minimizing errors and ensuring compliance. Intelligent validation mechanisms flag discrepancies and prompt corrective actions, enhancing data accuracy.

Integration with Accounting Systems

Seamlessly integrate with popular accounting and enterprise resource planning (ERP) systems, enabling synchronized data flow. This feature enhances collaboration between finance and accounting teams, reducing manual data entry and promoting real-time updates across platforms.

Advanced Analytics and Reporting

Leverage data analytics to gain valuable insights into spending patterns, vendor performance, and invoice processing efficiency. Generate comprehensive reports and dashboards that empower decision-makers with the information needed to optimize financial strategies and identify areas for improvement.

Benefits of Document Processing Automation Software

Eliminate Manual Work

It eliminates tedious manual tasks, accelerating workflows and reducing errors, ensuring faster and more accurate document handling.

One-click Document Approvals

The software facilitates seamless approval processes with one-click approvals, and reducing delays in authorizing documents.

Improved Efficiency

By automating document processing, the software enhances overall efficiency, enabling quick and streamlined operations, ultimately saving time and resources .

Comprehensive Insights

This software offers analytics and reporting functionalities, empowering organizations to gain valuable data-driven insights into document lifecycles.

Document cognitive Capture

Due to recent advancements in artificial intelligence and the reduced expenses associated with computing, the document OCR solution utilizes state-of-the-art technology to extract data, regardless of its formatting. Consequently, the need to establish rigid rules for data capture is eliminated, resulting in a considerably streamlined process.

Increased Team Productivity

0 %

Reduced error rates

0 %

Jump in Vendor
Satisfaction Rate

0 %

Why choose us for Document processing Automation?

Enhanced Efficiency

Our Invoice Processing Automation solution interfaces effortlessly with your existing systems, eliminating human data entry and shortening processing times. We empower your staff to focus on higher-value activities by automating boring operations, increasing overall productivity and efficiency.

Error-Free Accuracy

We ensure precise data extraction, verification, and matching for each invoice using cutting-edge technology. You may be confident that your financial records are always up to date and compliant since human error is minimised and accuracy is increased. Say goodbye to costly errors and hello to peace of mind.

Cost Savings

Our Invoice Processing Automation system optimises your invoice management operations, saving you money. You may allocate resources to other key areas of your organisation by decreasing labour expenses associated with manual processing, minimising late payment penalties, and improving cash flow management.

Our Clients

For adjacent capabilities, you can also explore our AI invoice processing software to complement this solution and cover more of your AI roadmap.

Testimonials

David Joseph

I had the pleasure of working with SDLC Corp for my company’s web app development needs. Their app development services were excellent, and they went above and beyond in creating a mobile app with excellent UX and UI design. I highly recommend them for anyone looking to develop a mobile app.

Dane Lee

SDLC Corp was the perfect choice for our company’s mobile application development needs. They were able to develop both the iOS and Android versions of our app with a seamless user experience. Their team was responsive and professional throughout the project.

Stella John

I was impressed with the project development solution provided by SDLC Corp for my mobile app. Their cross-platform apps are available on both the iOS (apple app store) and Android app stores, and I highly recommend them as a mobile app development company.

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Frequently asked questions

How does Document procession work?

Document processing involves the systematic handling and verification of invoices received by a company. The process typically includes the following steps:

– Receipt: Documents are received from suppliers or vendors.

– Verification: Documents are checked for accuracy, ensuring they match the corresponding purchase orders or contracts.

– Approval: Documents go through an approval process, often involving multiple stakeholders or departments.

– Recording: Approved documents are recorded in the company’s accounting system for payment.

– Payment: Payments are made to suppliers based on the recorded and approved documents or invoices.

What is document processing?

document processing refers to the series of steps a company takes to handle and manage incoming documents. This encompasses tasks such as receiving, validating, approving, recording, and ultimately paying invoices. Efficient document processing is crucial for accurate financial management, cost control, and maintaining positive relationships with suppliers.

What are the advantages of adopting automated document processing software?

There are various advantages to using document processing automation software, including enhanced efficiency, decreased errors, faster processing times, improved visibility into the invoice lifecycle, and better compliance with financial regulations. It eliminates human data entry, reduces the possibility of duplicate payments, and improves cash flow management.

How can companies automate document processing?

– document Scanning and Data Capture:Utilize software to automatically extract relevant data from paper or electronic invoices, reducing manual data entry.

– Workflow Automation: Implement workflow automation tools to route invoices through the approval process, ensuring a seamless and timely review by relevant stakeholders.

– Integration with ERP Systems: Integrate invoice processing software with Enterprise Resource Planning (ERP) systems for real-time data synchronization and accurate financial reporting.

– Electronic Invoicing (e-Invoicing): Encourage or require suppliers to submit electronic invoices, facilitating faster processing and reducing the likelihood of errors.

– Machine Learning and AI: Employ advanced technologies like machine learning and artificial intelligence to enhance accuracy, identify anomalies, and continuously improve the efficiency of the invoice processing system.

– Digital Approval Workflows: Implement digital approval workflows to reduce the time and effort required for manual approval processes.

– Supplier Portals: Establish online portals where suppliers can submit and track invoices, fostering transparency and collaboration.

Is document processing automation software secure and compliant?

Yes, credible document processing automation software suppliers place a premium on security and compliance. They use strong security measures to safeguard sensitive financial data and follow industry standards and regulations such as GDPR and HIPAA. Access restrictions, encryption, and audit trails are also routinely used to maintain data integrity and privacy.