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Eliminate manual data entry of vendor invoices and streamline your accounts payable process.
Invoice scanning refers to the process of scanning paper or emailed invoices. Automated invoice scanning uses sophisticated OCR and capture technologies, eliminating keying in the information.
Automated invoice scanning is a core function and essential piece of automated accounts payable.
It eliminates the need for manual data entry, speeds up the delivery of invoice data to the ERP or accounting system, and boosts productivity.
The term “invoice scanning” (also known as AP scanning) is used interchangeably with invoice capture, a term used to describe the data capture from both physical and digital invoices.
Most invoices companies receive arrive in PDF or another digital format by email. Paper invoices are still in use however, and your capture solution should be able to handle both.
Any organization receiving a large number of either paper or electronic invoice benefit from accounts payable scanning software, because:
“We just didn’t have time to manage all the incoming invoices. But since changing to Rillion, we can manage three times the volume of invoices than our previous AP system allowed.”
Invoice scanning relies on the underlying technology of OCR and capture technology. It can extract all the invoice data from both paper and digital formats. The process looks as follows:
Legacy OCR invoice technology is resource-intensive because manual work is involved with these older systems.
Rillion Invoice OCR invoice scanning learns by itself to identify invoices based on layout and stores that information for future reference. It also intuitively maps the data fields in each invoice and stores them in a database.
For paper invoices, the invoice is scanned by advanced OCR technology that recognizes the layout of the supplier and then extracts important data fields. This process takes only a few minutes and is 95% accurate.
Emailed invoices are analyzed in the cloud by the Rillion capture solution. The data is extracted and the software populates data fields in a central dashboard, ready for you and your team to process.
Most incoming invoices are received in digital formats by email. While this streamlines an organisation’s business process and makes physical storage irrelevant, some challenges remain:
Once the invoice is digitized, the invoice is placed in a central dashboard for finance administrators to review. An automated approval workflow sends non-PO invoices out to approvers. PO invoices are automatically matched to purchase orders and goods receipts.
Invoice capture software, also known as invoice scanning software or invoice recognition software, automates data entry.
For electronic formats, Rillion’s invoice scanning solutions identifies all key data fields in the invoices, extracts the data, and forwards it to your Rillion dashboard.
For paper formats, intelligent OCR extracts the data from the scanned invoice and sends the data to the intuitive dashboard as well.
Invoice scanning and data capture technology significantly reduces the amount of manual work and allows your AP staff to focus on higher value tasks such as handling exceptions and vendor management. You can expect the following benefits from using Rillion’s invoice scanning services:
What is invoice scanning?
Invoice scanning refers to the process of scanning and extracting data from either digital or paper invoices for delivery into the ERP or accounting system.
What is OCR invoice scanning and how does it work?
Invoice scanning relies on the underlying technology of OCR – Optical Character Recognition. The technology extracts invoice data from both paper and digital formats. The process is as follows:
Our invoice scanning solution seamlessly integrates with your ERP. That means that everything you do in Rillion is automatically transferred.
Rillion is trusted by banks and financial institutions in the US and Europe. Accreditations in the US include SOC1, SOC2, HIPAA, GDPR, and PEPPOL.
For paper formats, intelligent OCR invoice scanning extracts the data from the scanned invoice and sends the data to the central dashboard with approval workflows.
Schedule a Free consultation so that we can understand your needs and provide you with the best solution.