Services

Invoice processing

The average company pays hundreds of thousands (if not millions) each year to process invoices, perform purchase order matching, address defects and respond to vendor enquiries and manage vendors documents. With today's increased focus on cost reduction and improved fiscal management, enterprise executives are realizing the positive effects of automating the full receipt-to-payment process.

 

Devnet's Invoice Processing Service is specifically designed to address the challenges that exist at every stage of the accounts payable process — allowing companies to reduce costs, increase control, maximizes efficiency and focus on core business tasks. The service will also enable you to use our document management system to track any vendor documents anywhere anytime through a secure connection over the internet/intranet.

 

Advancements in optical character recognition (OCR), intelligent document recognition (IDR) and forms processing have greatly improved the capability of document capture software. Today’s technology can process semi-structured documents, such as invoices, as quickly and accurately as structured forms. Devnet uses award winning data capture technology from ABBYY software house to provide the invoice processing services. Invoices are captured as digital images from which data is extracted, including the invoice number and date, vendor, purchase order number, total amount due and line-item details. The data is then validated against data from other company systems or by an operator before being exported into enterprise resource management (ERP) and enterprise document management (EDM) systems.

 

 

Features

 

  • Flexible, pay as you use, high speed, quality assured outsourced service
  • Secure receipting, post opening and document preparation
  • Increase operational efficiencies and lower operating cost
  • State-of-the-art ABBYY FlexiCapture data capture capabilities
  • Secure transmission of information to host application or ERP system
  • Scalable service with faster ROI
  • Document management for managing vendor documents and correspondences with accounts department

 

Benefits

 

Reduce Costs: Utilize Devnet staff on more value added tasks, process invoices faster and take advantage of higher efficiency.

Transfer data to ERP and accounting systems: Directly interface with ERP and accounting systems to reduce manual keying and errors.

Reply of accurate information: Enable a real time view of your company’s current liabilities.

Track and solve problems rapidly: Provide instant on-screen access to invoices when supplier queries arise.