Some companies process significant quantities of invoices received in paper or electronic form on a daily basis. Although the popularity of electronically generated invoices is growing, paper invoices are still issued in large numbers. Processing these invoices is an extremely laborious process. Given the great variety of invoice formats in use, reading the information on paper invoices is not always trivial. The Invoice Processing module of our system makes it possible to create different templates for incoming invoices. If more than one invoice is received from the same issuer, only the layout of the first one must be ‘taught’ to the system. The processing of all other similar invoices can be automated.
An increasing template repository allows the automatic processing of an increasing number of invoice types.
A labour-intensive workflow is replaced with a fixed-cost IT application.