Faster, more cost-effective invoice processing.
Allow FileSolve to process your accounts payable and deliver invoice images and data directly into your ECM solution. Within our secure facilities, we use automatic evaluation of invoice images using Optical Character Recognition (OCR) technology to identify documents and extract the necessary data for faster, more cost-effective invoice processing. When the invoices are imaged, indexed and processed into your ECM solution, you can start processing invoices right away, improving your service level agreement (SLA) with your valued vendors.
There are several important benefits to our invoice processing approach:
1 – How FileSolve Invoice Processing Saves Time
All bills are automatically scanned and logged without human intervention. Our hands-off data capture allows you to devote employee hours to other value-adding activities. This automated processing works around the clock – even during evenings and weekends.
Equally important, our service works seamlessly with whatever existing ECM solutions, accounting software, or CRM platforms you already use. No manual recordkeeping is required, saving you even more time. When your team needs to access a file, there are no delays. You benefit from instant and secure retrieval since all invoices are stored electronically.
2 – How FileSolve Invoice Processing Saves You Money
The less time your team spends processing invoices, the more money you save. It’s as simple as that. Automation delivers other cost reductions as well, including:
- Fewer material costs. You no longer have to invest as many resources in paper and postage. Just think about the potential savings you’ll enjoy by not having to buy ink cartridges every month.
- Fewer equipment costs. Digitizing your invoices reduces the need to acquire and service expensive hardware like printers, fax machines and file cabinets. Your information is stored on cloud-based servers, accessible via secure Internet connections.
- Fewer mistakes and redundancies. Our optical character recognition (OCR) technology removes human error from the equation completely. Your invoices are captured and processed with absolute accuracy.
All of the above happens much faster than it would via traditional methods. Data is extracted, indexed and processed instantaneously with our advanced billing solutions.
3 – How FileSolve Invoice Processing Saves the Planet
Reducing the volume of paperwork in your company doesn’t simply offer financial savings; it can also offer environmental savings. Fewer trees and raw materials are needed to support your business. That, in turn, means less petroleum consumed to fuel delivery trucks.
These environmental savings manifest in other ways as well:
You can reduce your entire company’s carbon footprint by reducing the number of hours your employees spend in the office. You can do this without negatively affecting your bottom line. This is because automation allows you to get more work done in a shorter amount of time. Alternatively, work the same number of hours and generate more output.
4 – How FileSolve Invoice Processing Increases Profits
Every company is looking for creative ways to reduce costs, and our invoice processing solutions can certainly help. However, we also routinely help our clients increase profits as well.
How does this work?
The environmental benefits of automated invoice processing can help strengthen your corporate social responsibility (CSR) efforts. Customers, investors and vendors increasingly prefer doing business with companies that green their infrastructure and take proactive steps to protect the planet.
Benefit from superior analytics thanks to faster, error-free invoice processing. You can then use this data to spot potential opportunities and challenges on the horizon. Let these new insights guide course corrections so that you always stay one step ahead of the competition.
Deliver more value to vendors and customers within your network. Remember that every minute spent manually processing invoices is a minute not spent on more important activities. Automation allows you to redirect limited resources toward areas like developing better products and services or improving SLAs.
Ready to Take Advantage of These Benefits?
You are only minutes away from replacing your outdated invoicing workflow with a truly streamlined and automated system that offers countless environmental and financial benefits. Once set up, those benefits are immediate.
Contact us to learn more about how FileSolve can work for you.