Our Invoice Automation solution simplifies and streamlines processes, seamlessly integrating into your Financial Management System (FMS) to intelligently digitise how you work with your invoices. Our capture technology reads, interprets, verifies and validates your invoices before posting to your purchase ledger automatically. We transform purchase invoice processing and accounts payable with Cloud connected Invoice Automation. You can automate the mundane and empower individuals to unlock value across your finance function.
Understanding key issues
Struggling with efficiency
Organisations struggle with efficiency due to manual processes which reduce business performance. Automation unlocks value by introducing intelligent process efficiencies.
Sensitive information found in invoices is often kept in an unsecure system. Without a secure archive, organisations are at risk of losing this information.
Manual and paper-based processes cause unnecessary, inflated spending due to badly utilised resources and physical paper costs.
Organisations that haven’t invested in Cloud technology may find it difficult to access their systems anytime, anywhere, which causes inefficiencies due to limited mobile working.
How our Invoice Automation software can help you
FEATURES & BENEFITS
Manual processes are laborious, prone to error and expensive, placing a great burden on finance departments in all sectors. Our Invoice Automation is designed to help you worry less about your business performance.
Powerful, yet easy to use
Our simple to use system streamlines your processes so you are able to action an invoice considerably faster, while reducing the chance of error.
Automatic invoice data extraction
With one process, it allows you to automatically extract data using intelligent Optical Character Recognition (OCR) to save manually entering the data.
Intelligent approval workflow means that each expense claim is routed to the correct budget holder or authoriser for approval, with email alerts built in.
Our capture technology reads, interprets, verifies and validates your invoices before posting to your purchase ledger automatically.
Security is becoming harder to maintain with the rise of fraud and confidential leaks. Our invoice automation is designed to help you worry less about the security of your data.
Secure document archive
Our system is highly secure, giving everyone authorised within the enterprise the ability to organise, store, access, comment on and distribute appropriate corporate information.
Automatic invoice data validation
Our software scans the incoming document and analyses the extracted data. It automatically builds a knowledge database which enables it to immediately identify the document type and structure.
Improved visibility and control
Our SmartDashboard application enables authorised users to quickly view a high-level graphical display of concurrent reports relevant to the processing of documents.
To support our customers’ journey to the Cloud, our Document Management 4.6 enables organisations to perform document scanning and data extraction via OCR in Cloud-hosted deployments.
"V1’s technology has considerably streamlined our purchase-to-pay processes. On average we are now able to process a purchase invoice up to ten minutes quicker than before, saving considerable time."
Shabir Ismail, Director of FinanceLearn more
"V1’s ability to track objects to a centralized back-end SQL database and highly customizable bar coding solution enabled us to set up a process extremely well suited to our needs."
Mike Rohwer, IT ManagerLearn more
"We looked at several solutions, but decided on V1 financial automation software because it was simple to use and intuitive for our staff."
Hazel Copeland, Chief Financial OfficerLearn more