Every business large or small has one thing in common—they process invoices. DocuWare has helped more than 15,000 customers modernize and simplify their invoice processes through digitization and automation.
Invoice processing is easier when you have the right automation tools. Businesses save time and money; manual errors are eliminated and invoice data and backup images are safely archived and just a compliant click away.
With more than half our customers using DocuWare in their accounting departments, we have some insights and expertise on the topic of invoice processing.
There are many benefits to automating your invoice processing and here’s what we consider to be the Top 4:
1. Eliminate paper and manual data entry
With invoice processing software, you can save space, save time and save yourself the headache of manually keying in data from the stacks of paper invoices piled on a desk.
2. Automate workflow and exception handling
Establish automatic approvals based on amounts, vendor or other data, or set up digital workflows to route invoices to key decision makers.
3. Reclaim early payment discounts
Process invoices before they're due and make the most of early payment discounts, avoid late fees and pay your vendors on time.
4. Dramatically cut audit prep time
With the right software, invoices can be searched and found instantly and made accessible to auditors and authorized users.
DocuWare’s automated invoice processing solution triggers accounting workflows ensuring that indexing, routing, paying and secure archiving of invoices is faster and more efficient. Digitization can also give organizations the highly valued long-term visibility on spending, quick access to data on suppliers, and accurate information on products and services purchased.
Modern invoice processing tools like DocuWare seamlessly integrate with other ERP or accounting systems, thereby improving efficiency and allowing accounting and finance leaders to redeploy team members on to other transformative high-value projects. Automated invoice processing ultimately makes a company more attractive to its employees, because it provides a better working experience, and to its suppliers, because vendor invoices are promptly processed.
In today’s world of automation, speed and efficiency, no organization can afford to have outdated tools or manual processes.
To discover how modern invoice processing makes finance managers’ top 5 wishes come true, register now for our free 30-min webinar.
Modern invoice processing makes wishes come true! To learn more about it visit us at DocuWare.com.
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