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Automated invoice processing software in the cloud. Cut invoice processing time in half with flexible automated approval workflows. Find out more about Rillion invoice processing solutions today.
Watch the video and see how Rillion’s invoice processing system works.
Manually keying invoice data into your accounting system or ERP is a high-touch, time-consuming process. Manually reaching out to approvers with email, phone calls and spreadsheets is also resource intensive.
Invest in a fully automated invoice processing platform that cuts the time spent processing invoices manually by 50%.
An automated invoice processing system seamlessly captures invoice data and provides an approval workflow to give you more flexibility and visibility into your AP process.
“We needed a system that could match our growth. With Rillion, this is exactly what we have received.”
Paperless electronic invoice processing is nothing new. But for it to revolutionize the AP workflow, invoice processing software needs to be able to do more than just convert documents.
In some capture systems, you’d just have a picture of the invoice, where you’d be required to input the data manually into your accounts payable invoice processing system.
Rillion’s OCR invoice scanning and invoice capture solutions captures the data from emailed or paper vendor invoices and populates the appropriate fields in a central dashboard, ready for processing and approvals.
Once the invoice data is digitally captured, the invoice is put into an approval workflow. Administrators create rules for which roles specific invoices should be forwarded to.
Any reference data can be used to auto route an invoice to a specific approval workflow or role.
The approval workflow is fully automated and easy to use – approvers can view and approve the invoice on laptop, smart phone, tablet or email system.
The process of gathering and reconciling invoices, POs, and approvals is a vital part of the AP workflow. For many organizations this process is done manually.
Rillion’s accounts payable invoice processing system leverages the technology of business rules management to automate purchase order matching for PO invoices.
By configuring guidelines and percentage tolerances, you customize the guidelines for each vendor. Our accounts payable invoice processing system:
If the invoice and PO don’t match, Rillion sends all the information necessary to clear the exception to the designated approver to reconcile.
Automated invoice processing streamlines every step of your supplier invoice process and gives you more control over internal processing functions.
Get better visibility and traceability, and improve the speed at which vendor invoices are processed and approved.
The cost of processing invoices comes from manual labor, inputting invoice data and information, storing physical invoices and routing the invoices for approval. Automating the process saves both time and effort, and reduces the risk of costly human error.
Remove human error
There’s no reason to rely on email and spreadsheets to handle and manage supplier invoices. Manual data entry takes both time and effort. Where a human can make errors, ap automation accurately performs repetitive tasks according to configurable business rules.
With Rillion’s invoice processing software the process of handling invoices is automated. Avoid manually organizing incoming invoices or manually keying in invoice data. Have a searchable invoice archive and audit trail. For PO invoices, a PO matching engine automatically matches POs to invoices and goods receipts.
Eliminate late fees
No matter the size of your organization, invoices will be misplaced or forgotten. Many vendors will charge a late fee for missed payments, affecting both credit ratings and your organization’s cash flow.
With automated invoice processing software the risk of missing an invoice due to human error is reduced, ensuring invoices are paid on time. This helps you maintain good relationships with your suppliers.
Integrates with your ERP
Rillion integrates with over 50 ERPs, and connects seamlessly with popular ERPs such as NetSuite, Sage Intacct, Dynamics, SAP, and more.
Machine learning improves your workflow. Rillion continuously learns how to code your invoices.
What is electronic invoicing?
Electronic invoicing refers to the sending of digital invoices, also known as e-invoices. There are several different electronic formats, for example EDI-invoices or XML-invoices. A PDF-invoice sent via email is the most simple format of an e-invoice. In many countries it’s already mandatory to send electronic invoices and it’s the preferred method for most organizations. Electronic invoicing reduces paper usage and eliminates manual keying of invoice data into the ERP or accounting system.
What is invoice processing?
Invoice processing refers to all tasks involved in processing a supplier invoice within an organization. It includes reception and capturing invoice data, approval of the invoice and/or matching against a purchase order or contract, account posting and payment of the invoice.
This whole process is traditionally performed manually by an accounts payable department, but with new technology the steps can become fully automated. Invoice automation software reduces processing time by 50%.
What is electronic invoicing processing?
Electronic invoicing processing, also known as paperless invoice processing or digital invoice processing, refers to all tasks involved in processing a digital supplier invoice. The process is identical to the invoice processing of a paper invoice.
What is invoice management?
Invoice management is all the tasks involved with processing invoices. Most often it refers to the processing of supplier invoices within an organization. This task is often carried out by the Accounts Payable team.
What is a tolerance limit with respect to invoice processing?
A tolerance limit is the amount that an invoice is allowed to differ from the underlying purchase order or contract. In a modern invoice processing solution, the tolerance limits can be configured, which means that invoices with small deviations from the expected amount can be processed automatically, without additional manual intervention.
Schedule a Free consultation so that we can understand your needs and provide you with the best solution.