Multi-channel invoice automation solutions for any business
Automate and streamline invoice processing and benefit from faster end-to-end processing time, cost savings, greater control and visibility and better cash management.
Every office receives paper and electronic invoices – all of which initiates ether a manual or automated workflow. Rapidly processing invoices can result in money saved for the firm – for example, by taking advantage of discounts for early payment. Time-consuming and labour-intensive processes have the opposite effect – resulting in money lost due to late or missing payments, unhappy vendors and frustrated customers.
Spigraph’s invoice automation solutions are cost-effective for any business and scalable for any document volume. Paper invoices are scanned and converted to digital format. Content in electronic format – like email or text attachments – is also captured and recognized as an incoming invoice. Relevant data – like invoice number, customer name or amount – is identified and indexed. Data is then exported into the relevant back-office system – such as SAP, Oracle or bespoke financial application – progressing the invoice further for review, approval and payment.
With our rapid deployment capabilities, your company can quickly reduce processing costs, improve operational productivity and achieve rapid ROI. Learn more about our flexible, cost-effective solutions.
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Invoice Processing according to AIIM™:
- 1/3 of organizations receiving 25,000+ invoices / month are still using paper-based processes.
- 50% of Accounts Payable system users report a payback period of 9 months or less
- 29% of respondents report a 50% reduction in costs associated with processing invoices
- 1/2 of Account Payable systems implementations were completed in 6 months
*Source: AIIM Industry Watch Report, Automating AP/AR Financial Processes – user feedback on the real ROI 2014
