Automates opening & saving of digital invoices, extracting relevant data and posting data in accounting systems to streamline payables
SCHEDULE A DEMOMost businesses send and receive invoices and payment receipts in digital formats, which includes scanned PDF images, text documents, or Excel-based invoice templates. AP executives need to manually open and save the invoices, extract relevant data, log into the accounting system and then post the relevant data.
QX ProAP automates this entire process. It segregates the files by type, automatically extracts the relevant data, and places it into an Excel sheet. Additionally, it opens the accounting system using the passwords from its secure credentialing vault and inputs the data into the accounting system or cash application. It also updates the status of each invoice in the Excel sheet, completing the cycle.
SIGNIFICANT REDUCTION IN PROCESSING TIME AS NO HUMAN INTERVENTION IS REQUIRED IN DOWNLOADING, FORMATTING & POSTING INVOICES
24/7 PROCESSING – FULLY AUTOMATED SOLUTION TO ENABLE RUNNING OF BOT AT ANY TIME OF THE DAY
SEAMLESS EXTRACTION OF LARGE VOLUME OF DATA IN REAL TIME, ACROSS FORMATS LIKE TEXT DOCUMENTS, PDFs AND EXCEL-BASED INVOICES
END-TO-END SOLUTION TO ELIMINATE MANUAL ERRORS COMPLETELY
INSIGHTFUL REPORTING – GENERATE BESPOKE REPORTS TO PROVIDE OVERALL VISIBILITY TO THE TOP MANAGEMENT
The system is capable of extracting data from different types of digital invoices. Additionally, the system is highly scalable in nature and can be easily configured as per growing business needs.
The system can run in the background while your staff is working on other tasks. Also, it can work 24/7 – at any time of the day.
Get support from experts to integrate with the accounting software, ERP and other applications in your ecosystem to digitize the entire process.
Automatically extracts the data from downloaded Excel files and fills it into the predefined templates, ensuring standard data for further processing.
As the tool automates the same actions that were previously taken by human workers, it doesn’t require any major changes to the client’s existing systems.
Partner up with a GDPR compliant team to set up an end-to-end, secure accounts payable function.
