Invoice Automation

Invoice Automation

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.

100 MILLION
INVOICES PROCESSED
ANNUALLY

2,000 CUSTOMERS

£150 MILLION
SAVED ANNUALLY

Understanding key issues

CHALLENGES

Struggling with efficiency

Organisations struggle with efficiency due to manual processes which reduce business performance. Automation unlocks value by introducing intelligent process efficiencies.

Security

Sensitive information found in invoices is often kept in an unsecure system. Without a secure archive, organisations are at risk of losing this information.

Reducing costs

Manual and paper-based processes cause unnecessary, inflated spending due to badly utilised resources and physical paper costs.

Cloud connected

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

"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 Finance

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"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 Manager

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"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 Officer

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Resources

V1 Document Management Overview

Document Management Overview

Our Document Management end-to-end solution, including Invoice Automation, delivers intelligent solutions that automate your processes.

Document management release 4.6

Document Management 4.6 Factsheet

To support our customers’ journey to the Cloud, Document Management 4.6 enables organisations to perform document scanning and data extraction via OCR in Cloud-hosted deployments.

News & Opinions

Invoice automation image
Making Tax Digital Blog

Why Making Tax Digital is a catalyst for change

While Making Tax Digital (MTD) has been a focal point for the past couple of years, the 1st April deadline merely marks the start of changing how organisations report back on tax and VAT digitally.

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Call for British businesses to boost technology adoption - faster

“Systems supporting procurement and supply chain management, as well as finance and human resources, will be affected, with organisations turning to RPA and other automation technologies to respond quickly to Brexit changes,” according to Sarah Burnett, research vice-president at Everest Group.

Would you like to find out more?

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