Efficient invoice processing saves organisations time and money while reducing manual data entry and that is why CFO’s, Finance Directors, Accountants and Bookkeepers across UK and Ireland are focusing on automating invoice processing routines to increase productivity levels across the finance team.
For companies using Sage, the preferred option clearly is PaperLess Document Management which offers Automatic Invoice Recognition with two layers of OCR (Optical Character Recognition) technology to extract the relevant data from invoices into PaperLess, which will then be sent to other colleagues for approval within the same workspace.
Businesses have been relying heavily on manual invoice processing. Dealing with paper invoices can be time consuming and can cause many human errors with manual data entry. Some companies are still using the traditional methodology Scan to Archive, which means they only digitise invoices for archiving purpose. Unfortunately, countless manual errors happen because of the old fashion way of processing paper invoices in an organisation. The latest methodology Capture>Process>Archive has become the most efficient way for invoice processing. PaperLess captures your invoice data by digitising paper invoices at an early stage of the workflow process.
Every business deals with invoices, so efficient invoice processing is crucial for running a profitable business. After several months, invoices from previous months may still be pending and without approval. Entering large amount of data from the invoices into your computer can be so tedious that manual mistakes are unavoidable.
For companies that receive many invoices from the same supplier on a regular basis, PaperLess efficient invoice processing creates customised invoice template for a particular supplier. Next time you run automatic invoice recognition on the same supplier, there is no need to edit the accounting lines over and over again.
PaperLess makes invoice processing simple and smart. After invoices have been digitised and edited in PaperLess, businesses can post batches of invoices directly into their existing accounting applications. PaperLess integrates seamlessly with Sage 50 Accounts, Sage 200c, Sage 200 Standard, Sage 200 Standard Online and Sage 200 Extra Online and many other popular accounting applications, so the synchronisation of invoice recognition for Sage happens instantly in the background.
What about Full Document Management Automation?
Company Inbox is a powerful system that enables Sage 50 and Sage 200 users to automatically process all documents received by email by setting automation rules that are applied as soon as documents are received in Company Inbox email, turning document management into a fully automatic, faster and more reliable process.
What our clients say about PaperLess
Andrew Barlow, Management Accountant & Acting Financial Controller.
Kurt Roberts, ACCA MAAT Management Accountant for CPL Training Group Limited
Joseph Ryland, UKFast.Net Ltd Finance Director
Colin Mayrs, Blair’s Caravans Managing Director
Contact Us
Email: info@paperlesseurope.com
Phone Number: +44 (0) 207 135 2007
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