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.

Automated Invoice Processing with Rillion

Watch the video and see how Rillion’s invoice processing system works.

Rillion - an automated invoice processing software

Goodbye to manual, repetitive work

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 software 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.”

Key Features of Invoice Processing Software

Automate invoice data capture

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.

Paperless electronic invoice processing with Rillion
Invoices processing software with digital approval workflows

Flexible approval workflows

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 with our AP automation system.

Purchase order matching – Automated matching of Invoices, POs and Goods Receipts

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 management solution 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 software:

  • matches the invoice with the purchase order and/or goods receipt
  • flags exceptions and routes them to the approver
  • approver gets image of the invoice, PO, goods receipt and internal messages

If the invoice and PO don’t match, Rillion sends all the information necessary to clear the exception to the designated approver to reconcile.

 

Streamline every step of your supplier invoice process

Benefits Of Automated Invoice Processing

Automated invoice processing softwares streamline 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. An automated invoice processing software saves both time and effort, and reduces the risk of costly 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 with our invoice processing software. For PO invoices, a PO matching engine automatically matches POs to invoices and goods receipts.

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.

Rillion’s automated invoice processing software integrates with over 50 ERPs, and connects seamlessly with popular ERPs such as NetSuite, Sage Intacct, Dynamics, SAP, and more.

Why Choose Rillion’s Invoice Processing Solution?

  • Easy to use
  • Slash invoice processing costs in half
  • Automated workflow handles PO and Non-PO invoices
  • Drag and drop workflows for ad-hoc rerouting – no coding required
  • 1-click approval in email with all documents provided
  • Optional intelligent 3 way matching of Invoices, POs and Goods Receipts
Benefits with Rillion’s invoice processing solution
AI and Machine Learning further streamlines invoice processing

AI and Machine Learning work for you

Machine learning improves your workflow. Rillion continuously learns how to code your invoices.

  • No need to create templates or rules to control who should approve costs related to a particular project or cost center. All coding is performed automatically in the background.
  • Rillion will automatically fill in its best coding suggestion while giving you the opportunity to correct any mistakes.
  • Make it easier to hand over tasks to new team members. Rillion remembers how your invoices are coded. New employees get up to speed quickly because the system teaches itself.

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.

Invoice processing is a procedure finance administrators perform to record vendor invoices in the accounting system, get them approved by the person ordering the goods and services and coding them with account information prior to paying the amount outstanding. If the invoice has a PO, the PO is also checked to make sure the items ordered were delivered at agreed upon prices.

The first step is invoice data capture, where technology extracts data from the invoice and populates the invoice data fields in the accounting system. The second step is sending invoices out for approval in an approval workflow. And the third step is coding and recording the invoice into the accounting system for payment once the invoice has been approved.

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.

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.

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.

Invoice processing is a procedure finance administrators perform to record vendor invoices in the accounting system, get them approved by the person ordering the goods and services and coding them with account information prior to paying the amount outstanding.

Invoice processing is a procedure finance administrators with SAP as their ERP or accounting system perform to record vendor invoices in the accounting system, get them approved by the person ordering the goods and services and coding them with account information prior to paying the amount outstanding.

Finance administrators and business owners are looking for ways to reduce manual work and reduce human error. Automated invoice processing eliminates the manual keying of invoice data, has an approval workflow that replaces spreadsheets and email, matches POs to invoices automatically, provides administrators with invoice approval status, provides an audit trail and has a searchable archive for both paid and current invoices.

Want to try Rillion?

Schedule a free consultation so that we can understand your needs and provide you with the best solution.

Rillion – AP automation for your peace of mind

Rillion provides accounts payable automation (AP Automation) to organizations in over 50 countries worldwide. We get high ratings for ease of use and great support. 96% of Rillion customers feel that the platform fulfills expectations, and 95% consider Rillion to be a worthwhile investment.

Our job is to make your job easier, let us show you how!

Invoice Capture

Guide: AP Automation

This guide will walk you through AP automation solutions including functionality such as importing invoice data, invoice processing, approval workflow, PO matching, a system for auditing and archiving, detailed reporting, and cost analysis.