Make savings by automating invoice postings in SAP
FIS invoice processing technology automates data-entry, freeing up accounts payable resource. Invoices are processed in any layout, in different languages and currencies. The invoice processing technology assists with supporting colleagues working from home.
FIS develops software that computerizes repetitive digital tasks that are normally carried out by people. The technology combines emulating how humans read computer screens and collecting data to automate tasks in the future.
The invoice processing technology reduces accounts payable workload and generates financial savings for organisations.
- Reducing overall workload and manual data-entry tasks
- Posting a high percentage of invoices automatically into SAP (no touch processing)
- Automatically forwarding FI (PO- exempt) invoices to individuals or groups
- Providing a familiar SAP environment for invoice queries and approval workflow
Automated invoice data collection
FIS have developed one of the most effective technologies used for collecting key supplier invoice data from a scanned or emailed attachment. By introducing technologies into the invoice data collection process there is less manual keying and improved invoice data quality. Key invoice data can now be read from invoices with different formats, languages or currencies.
SAP integrated invoice matching and posting
As an integrated add-in to standard SAP, the invoice monitor technology enables invoices to be posted automatically. Parked invoices can be directed to designated approvers or groups.
The invoice monitor, FIS / edc, complements SAP ERP, creating new functions for the accounts payable team and approvers. The invoice monitor referencing real-time SAP data and enables incoming invoices to be identified as either payable or parked.
In addition workflows are incorporated into the invoice monitor to manage approvals. Additional functions are aimed at invoice assignments and complex invoice coding tasks.
In combination, FIS offer an enhanced process that releases accounts payable teams from routine tasks and reduces workload. A high proportion of invoices are posted to SAP without any manual intervention.
Reduced Effort for AP Team and Machine Learning. Invoice content is collected automatically from day-one, so manual data-entry tasks are reduced. In time, the data collection technology "learns" the zones where the key data on an invoice resides for each supplier in a "knowledge database". This means that key data is read automatically from the electronic invoice.
Replacing manual data-entryMachine Learning applied to Invoice processingH&S Document Archive for SAP Invoice data extraction as a service - Document Options Key invoice processing technologies and functions Combining OCR and SAP Invoice Processing OCR - Invoice Reading FAQs Invoice Processing with SAP - FAQs