DCS provide business process solutions for:
Automated Invoice Processing
Processing supplier invoices is something every organisation has to do, but you may not be aware of the true costs involved. Research has shown that the standard end to end costs of invoice processing can range from £4 to £50 per invoice.
Companies can make significant cost savings by switching to an e-invoicing invoice processing solution. For example a company processing 50,000 invoices per annum at an average of £4 per invoice could save approx £100,000 per annum.
DCS automated invoice processing provides:
- Automatic import of EDI invoices
- Automated extraction of header and line items
- Automated matching with PO and optional GRNs
- Validation of data with your ERP database
- Automated or manual 'single/multi-person' normal coding
- Automated route and approval workflow over the web
- Automated final posting to ERP system
- Automated archive of invoices
- Fully automated compliance with various tax requirements
- Management console and reporting at any time
DCS automated invoice processing includes:
1. An on premise installed solution
2. A hosted system which can be access from any site
3. A fully managed outsource service
What is invoice processing
Invoice processing involves the handling of incoming invoices from arrival to post.
Invoices have many variations and types. In general, invoices are grouped into two types:
- Invoices associated with a request
- Invoices that do not have an associated request
Most companies have clear instructions regarding processing incoming invoices. Different sets of instructions are commonly found regarding the handling of purchase order invoices or non-purchase order invoices.
The main department that processes invoices is known as accounts payable department. The process involving a supplier invoice is also known as purchase to pay.
Automated invoice processing allows you to:
- Have better visibility over the whole invoice process
- Improve transaction tracking
- Reduce manual errors and improve accuracy
- Produce accurate and fast liability reports
- Improved financial compliance
- Management peak loads easier
- Handle exception and query handling faster
- Improve ability to claim early payment discounts
In addition to automating your invoice processes, DCS can also supply a fully integrated purchase to pay solution, which has its own value proposition and additionally aids matching within an automated invoice process.
Find out more about automated invoice processing
For more information about e-invoicing invoice processing please call us on 01753 616720 or complete our contact form for a fast, tailored response.
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Transport, copying and filing costs are all greatly
reduced.
Reduces many admin based document processing costs by 50%.
Allows workload to be spread across offices or even
offshore partners as documents are available anywhere. Without digitising paper
documents this could not happen.
Audit trails are automatically kept giving better
business compliance.
Previously untraceable and unmanageable paper based
processes can be automated with greatly improved visibility.
Improves security of information compared to old
fashioned paper filing and processing methods.
The Kofax information capture platform is the only one
with the breadth to cover paper, fax, MFD, email, e-documents and SMS/Telecom
methods all in one integrated solution.
Manual filing processes are eliminated.
Mailroom distribution is made faster with reduced errors and losses.
Find out more about DCS solutions and services
For more information about DCS and our information management solutions and services please call us on 01753 616720 or complete our contact form for a fast, tailored response.
