Invoice Data Capture Service Benefits
AutoCapture provides excellent benefits that enable organisations to simplify invoice processing and improve profitability through economy.
- Keying information from invoices into your finance system is one of the costliest and inefficient tasks of the accounts department. Research from Gartner Group estimates that the cost of handling a purchase invoice are between £4 and £25 per invoice.
- Significantly reduced costs of invoice processing.
- This task adds little value add to the process. Redeploy accounts team to activities that return better value to the business
- Reduce costs and free your accounts team from copy-keying with a highly efficient outsourced service. Unlike invoice exchanges and software installations, we can you you 100% electronic from day one of the service.
- There is no need for capital expenditure or equipment maintenance or staff training.
The consequential benefits of automating Invoice Data Capture
Besides these top-level efficiencies there are a number of consequential benefits that result from manually copy-keying invoices:
- Obtain more effective and up to date management reporting
- Improve forecasting
- Perform more accurate analysis
- More efficient cash managements
- Reduced payment processes and quicker order-to-payment cycles
- Positive impact on relationships with creditor organisations
- Avoid late payment penalties and surcharges
Quite simply in a world where we need to constantly improve business efficiency, AutoCapture works.