Deltalink Consulting
FLEXICAPTURE FOR INVOICES
Streamline accounts payable with turnkey invoice processing.
The most intelligent, scalable & flexible solution for finance documents.
What is ABBYY FlexiCapture FOR INVOICES?
ABBYY FlexiCapture for Invoices is a turnkey invoice process automation application that reduces inefficiencies, errors, and costs associated with manual invoice processing by eliminating data entry and the physical handling of paper. FlexiCapture for Invoices automates invoice capture, recognition, field extraction, and validation of data and facilitates straight-through processing of PO-based invoices.
Features & Benefits
Ready-to-run accounts payable automation solution
Best-in-class accuracy
Leverage ABBYY’s award-winning, AI-driven recognition neural networks and machine learning technologies to provide unparalleled accuracy. FlexiCapture for Invoices can locate invoice data within the most complex documents through multiple approaches of functionality.
Out-of-the-box invoice, receipt, and PO processing
Run ready-to-implement projects for invoice, purchase orders and receipt processing. Commercial invoices can be also processed with ABBYY FlexiCapture for Invoices. Main fields are extracted out of the box, without the need for any additional configuration.
Ready to use and flexible
Automate invoice processing almost immediately—without a long or difficult deployment. The solution is pre-configured to identify required data fields, and out-of-the-box settings are easy to adjust to the unique rules of the business. FlexiCapture for Invoices is available on premise or in the cloud.
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On-the-fly training of new suppliers
In the event that FlexiCapture for Invoices cannot initially locate new supplier invoice data, a machine learning function teaches the program where to find new data during normal operations, eliminating the need for constant configuration. Configuration is based on algorithms and keywords rather than templates so the information can exist anywhere on the page and the software can recognize it.
Benefits compared to manual processing
400 %
increase in employee
productivity
31 %
less time responding
to enquiries
91 %
lower invoice
processing costs
12 %
fewer late payments
81 %
faster invoice
processing times
How it works
ABBYY FlexiCapture for Invoices is a key component of a modern accounts payable automation solution. It covers five steps between invoice arrival and posting.
1. Invoice input
ABBYY’s invoice solution supports multiple input channels like e-mail, web-based invoice scanning, MFP, FTP, mobile capture, fax, etc. It ensures identical document processing independent of form or format.
2. Classification
Invoice classification technology allows the sorting of documents by types and custom subcategories. The system learns on the fly, enabling fast deployment and higher processing accuracy.
3. Data recognition, extraction, and validation
ABBYY’s invoice solution identifies and extracts data from relevant invoice fields. It supports country-specific validation rules and invoice matching against master data in addition to PO matching.
4. Data review and invoice approval
Data approval processes become easier with an intelligent workflow approval that includes automated invoice processing, with the possibility of manual verification by the accountant for missing information, and instant posting for valid PO-matched documents.
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5. Export and archiving
FlexiCapture for Invoices can be easily integrated with ERP systems, financial applications and databases for subsequent invoice data export. Automated indexing of invoices by key fields ensures fast and easy invoice retrieval. Transformation of images into PDF formats meets the latest archiving requirements.