What if you could reduce the amount of time and money your organization spends on manual accounts payable (AP) processes? No matter the size of the organization, every company has bills to pay. But manually processing invoices is time-consuming, unsecured and subject to errors. Your organization can streamline AP processes with our patented award-winning artificial intelligence engine that can bring intelligent automation to any finance department to improve productivity across the entire enterprise.
“The average organization receives at least 1,200 invoices each month at a processing cost of $11.76 per invoice. Nearly 70% of invoice handing costs are related to document handling and manual data entry alone.”
– Institute for Finance and Management.
Reduce Operating Costs.
How much money does manually managing invoices and other financial documents cost you? Free yourself from disjointed processes by electronically managing information. You can reduce your cost per invoice, take advantage of early payment discounts, and reduce audit fees by simplifying record management and retrieval.
Comply with Security Regulations.
Are your files protected in accordance with federal regulations? Under GLBA, SOX, and Dodd-Frank, organizations are required to disclose how customer data is protected, shared, and secured. Document tracking is automatically applied making audits a breeze and saving you valuable time and money.
Eliminate Manual Effort.
Are you still manually processing paper invoices? Eliminate time-wasting manual data entry and processing by leveraging our patented AI engine. Automatically classify not only invoices, but all of your important financial data while extracting key financial data to populate your accounting system.
Intelligently Automate Processes.
Are you tired of spending hours tracking down matching documents to pay a single invoice? You can streamline three-way matching by automatically comparing details from purchase orders, invoices, and goods received receipts. Plus, you can route records through approval processes to eliminate delays.
“PaperVision® Forms Magic Technology has revolutionized our AP processes! We’ve been able to cut our invoice processing time by over 75%. We’re saving the organization money and improving relationships with our business partners. We love Forms Magic!”
– Jason Sojka, Network and Computer Systems Manager, MSI Mold Builders.
What if your AP department could enhance efficiency, gain control and save money with the implementation of one system? Digitize, manage, store, and route all your financial records to improve productivity, while securely protecting sensitive information and saving money on operational expenses.