Invoice Capture: Advanced Intelligence
Have you ever considered the length of time it takes your staff to manually key in invoice information?
Kefron AP offers intelligent data extraction and invoice capture automation that eliminates the manual keying of information from the process and significantly decreases errors associated with human touch points.
What's unique about our Data Extraction?
Discover how invoice automation innovates data extraction process
Dynamic Invoice Capture
Fast Access to Your Invoices
Kefron AP uses Intelligent technology for invoice capture to convert images into digital text. All invoices are text-searchable enabling easy online storage, search and retrieval based on structured and unstructured index criteria.
E-Tags & Intellitags
Our Machine Learning method of extraction, coupled with 3-step e-tag verification, ensures accurate and efficient AP payments.
Non-template Extraction Methods
Kefron's in-house data extraction team manages your exceptions and frees up your team's time to focus on more value-added tasks.
Flexible Extraction Rules
Kefron AP system fully adapts to your business requirements. A flexible and configurable business rules capability alows to customise workflows based on your current processes.
What is invoice capture?
Invoice capture refers to the process of using technology to automatically extract data from invoices received in various formats, such as paper documents, PDFs, or electronic invoices. This technology converts the information into a digital format for easier processing in accounts payable systems.
What is data extraction in invoice processing?
Data extraction in invoice processing involves the use of technology to automatically identify and retrieve key information from invoices, such as vendor details, invoice numbers, dates, and amounts. This process converts information from various invoice formats into structured data for easier processing and analysis.
Can data extraction handle invoices in different languages or currencies?
es, advanced data extraction solutions are capable of processing invoices in multiple languages and currencies, making them suitable for global businesses dealing with international suppliers.
How does the invoice data extraction feature work?
The data extraction feature utilises advanced algorithms and optical character recognition (OCR) technology to identify, extract, and interpret key information from invoices, such as vendor details, dates, invoice numbers, and amounts. This automated process minimises manual entry and improves data accuracy.
Can the invoice capture feature integrate with existing financial software?
Yes, the invoice capture and data extraction feature is designed to integrate seamlessly with most existing financial and accounts payable software. This integration facilitates the smooth transfer of data into your financial system for immediate processing and reconciliation.
Want to learn more?
Talk to an AP Specialist
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- Identify bottlenecks
- Assess if your AP process is suitable for automation
- Calculate the real business case for AP Automation