Invoice processing represents a significant overhead for most businesses.
Manually processing paper and electronic invoices is costly and error-prone. Transformation of this process is crucial to reducing costs, increasing accuracy, and improving key vendor relationships.
ANY INPUT FORMAT
Invoices arriving via mail, fax or email can all be processed through a single automated interface.
ANY INVOICE FORMAT
The solution can be configured to process any type of invoice without fixed templates. All data on these invoices can be automatically extracted and validated for accuracy against your EMS, ERP or Accounting System.
ANY EMS, ERP
Extracted and Validated data can be exported to any EMS, ERP, Accounting, Document Management and/or Workflow System simultaneously.
- Financial Services
- Government Education
- Healthcare Insurance
- Manufacturing… etc.
Imagine processing ALL invoices the day they are received!
Picture the benefits of recording the date received, identifying the vendor, and even capturing key invoice fields like Invoice Number, Total, Tax, etc. — not manually, but automatically.
Think of the efficiencies gained by automating the assignment, prioritization, and delivery of each incoming invoice directly to AP professionals or Managers for easy review, coding and approval through a workflow solution.
Consider having a bird’s-eye view of all spend and payment activity across your organization in real-time, when you want to see it.
Gain Measurable Savings
AP-FLO™ is the key to transforming your organization’s Accounts Payable process. Measurable Savings and Return on Investment are achieved by:
- Reducing manual key-entry of data from invoices through advanced imaging and indexing (OCR) capabilities
- Reducing your liability to vendors with enhanced invoice monitoring and reporting
- Reducing invoice payment costs by ensuring early payment discounts are utilized and late payment fees are avoided
- Reducing or eliminating onsite and offsite storage costs
What Makes This Solution Different?
AP-FLO™ automates manual tasks inherent in traditional AP processes, such as invoice sorting, key-entry, distribution, review and approval, filing and payment processing. By automating your organization’s AP processes, you will see immediate ROI through the reduction of overall invoice processing time and associated cost per transaction.
We take time to understand the unique needs and nuances of your organization in order to truly transform your Accounts Payable process. This solution is based on best-of-breed technologies that provide flexibility and scalability to address any organization’s AP requirements.
The risk of utility billing errors grows with the complexity of an organization and traditional bill capture makes true cost and opportunity transparency impossible.
Accelerating the capture of information from energy bills and other invoices allows organizations to make strategic procurement decisions and to negotiate the best value for energy/products/services.
Intelligent Capture for Energy Management powered by Kofax Capture minimizes the manual steps involved with receiving, reviewing, classifying, data entering, and validating, resulting in a minimum of 50% reduction in the overall front-end processing effort of bills.
- Analysis, Design & Architecture
- Customization & Configuration
- Installation & Testing
- Software/Hardware Maintenance
- Technical Support
For more information on our solutions or services please visit us at: www.cdit.com
Invoice Document and Data Capture
AP-FLO™ starts with powerful, production-level invoice image and data capture technologies that capture invoices received in any format. The solution automatically reads and extracts invoice data from scanned invoices with a high degree of accuracy, dramatically reducing the burden of manual keying. Extracted invoice data is automatically validated against any ERP or accounting system, while wrong or missing data is automatically flagged through built-in exception handling, allowing you to focus only on issues that need attention.
Invoice Workflow and Document Management
Invoices are automatically assigned and delivered directly to the appropriate user – whether an AP Associate tasked with coding the invoice, or a purchaser (or manager) tasked with reviewing the invoice for approval. AP-FLO™ users are automatically notified by e-mail if any action is required by them during the invoice approval process. Once an invoice has been coded, routed and approved in AP-FLO™, the invoice data can be transferred to the ERP or accounting system for payment.
Invoices are archived into any Document Management system, and users can view invoices and all associated information — including G/L codes, comments entered by co-workers during the review and approval process, and a full workflow audit log for the invoice, through the robust, yet easy to use, AP-FLO™ interface.
Forward Thinking, Visionary – Canada’s Leading Capture Consultant/Integrator
CDIT Inc. (CDIT) is Canada’s leading Enterprise Content Management (ECM) solutions consulting/implementation firm, with exceptional business process re-engineering and project management expertise. We are focused on accelerating the CAPTURE, TRANSFORMATION, DELIVERY and EXCHANGE of critical information that is an essential part of every organization by delivering exceptional Capture solutions for both our public and private sector clients. Every solution implemented is backed by our Client Support Program which provides our clients with end-to-end support of the full solution. Our support engineers are certified in all our solution components and have real-world implementation experience.
As one of Canada’s most experienced Kofax Partner, CDIT has the breadth and depth of experience to address the most complex document capture challenges. Our key value proposition is the best practices that we have developed through our extensive real-world experience…we consistently deliver unique, high value, cost-effective ECM solutions for our clients, ensuring risks are minimized, and systems are destined for success.