Speed up invoice processing with WiseINVOICE & ABBYY FlexiCapture
All companies face the need to process incoming invoices. If your company has to process a lot of invoices, then you should probably know what huge amount of resources it takes and how much it costs.
How much does manual invoice processing cost companies?
Studies show that invoice processing costs an average of $15 per document. It is easy to calculate how much invoice processing will cost the company if thousands of them arrive per month.
Employees are ineffective due to boring tasks.
The high cost is only one side of the problem. A significant part of the human resources in the financial department is busy processing invoices instead of optimizing business processes or other smarter tasks. Employees involved in the invoice processing have to perform a boring, monotonous work that demotivates them.
Lack of control and transparency
Also, manual invoice processing often occurs in a nontransparent workflow, which is difficult to manage and monitor. This can lead to erroneous cash management and a loss of money.
WiseINVOICE & ABBYY FlexiCapture for efficient invoice processing
WiseTREND has collected the experience of many companies facing the problem of invoice processing. Based on this experience, we have created a solution to reduce the cost of invoice processing up to two times. WiseINVOICE is a plugin for ABBYY FlexiCapture that allows you to process quickly and efficiently thousands of incoming invoices, as well as to solve other problems to achieve maximum efficiency in the financial department.
Implementing WiseINVOICE & ABBYY FlexiCapture transforms the invoice processing, allowing you to increase processing speed, reduce errors and improve monitoring and control. All these improvements will ultimately not only reduce the operational costs of invoice processing but also improve cash flow control, which in turn leads the business to prosperity.
WiseTREND has extensive experience in automating various business processes, including automating invoice processing. If you are looking for a solution for your company that is ready to take over the invoice processing automation, then contact us. Our experts will tell you about all the benefits of using WiseINVOICE & ABBYY FlexiCapture.
Ilya Evdokimov is a long-term practitioner and expert in leading Optical Character Recognition (OCR), Data Capture and Document Processing techniques, technologies and solutions. With over 15 years of experience spanning enterprise software implementations, mobile applications development, cloud-based systems integration and desktop-level automation, Ilya Evdokimov uses through industry knowledge and experience to achieve high efficiency and workflow optimization in most challenging paper-dependent and digital image capture environments.