Automated invoice processing with digital invoice approval
Process incoming invoices easier and faster
From inbound to controlling: a simple and fast invoicing workflow that works for you
Time-consuming, error-prone, and lacking in transparency: Manual processing of invoices is a demanding and time-consuming task. As processing takes time, meeting discount due dates can also be challenging. With the right software, you can digitally process your invoices. This is easier, more reliable and, above all, faster.
1. The invoice arrives.
Whether by mail or by e-mail: As soon as the invoice arrives, processing begins. Paper invoices are scanned and routed automatically into the automated invoicing approval process, along with any digital invoices. The workflow starts.
2. The invoice must be verified.
The second stage of the invoice workflow begins with the invoice review. The digital invoice approval or invoice verification process automatically records all of the data on the invoice. The invoice is also classified and checked. Now the invoice is prepared for release.
3. The invoice is approved.
If an invoice lists multiple items, the individual items are taken into account. For this, the invoice is sent via a workflow to the necessary departments. If required, contribution-based or other clearance tests can be included. Is everything correct? The invoice is approved, and all involved parties are informed.
Your biggest advantages with digital invoice approval
Cloud or on-premises - which model makes sense?
When you choose automated invoice processing, you choose whether to implement it in the cloud or on-premises. With the on-premises version, the software is installed on your own company server. You take care of maintenance, servicing, and updates yourself. With a cloud solution, the software is installed on the server of a service provider, who then takes care of all of the maintenance - you select "Software as a Service," or SaaS for short.
Play it safe - because data protection is a top priority in the cloud: Providers such as Microsoft and Amazon invest a great deal of time and resources to ensure data security and data protection to a degree that most companies would not be able to do themselves. They have teams around the world whose sole responsibility is to keep cloud solutions secure - and they do so with great success.
Cloud or on-premises - both options have their advantages. Are you unsure which of the versions suits you better? Ask your YAVEON consultant. Together, we will find out which option is right for you.
Automated invoice processing combined with other solutions
Using software efficiently means achieving maximum results with it. This is how to get the most out of your digital invoice approval: You can integrate other solutions, such as document management systems (DMS), via interfaces.
Once an invoice has been fully processed, it must be archived. This works best with a digital document management system. Because the archiving is automated and audit-proof. Searching via keywords and metadata is also much easier than rummaging through paper invoices in folders, so you save time and can provide information quicker.
ERP connection? Possible.
Do you want a connection to your ERP system? Please get in touch with us - we will be happy to advise you.
Questions are there to be answered.
FAQs about the digital invoice approval
Automated invoice processing is available as an extension to your DMS for as little as €299 per month. This includes five accounting users and 250 invoices per month.
Many companies worry about time-consuming training sessions. But don't worry. After a short introduction to the system, users can use the invoice release function - without disturbing their routine daily tasks. As key users are involved right from the start, they train during the implementation. The amount of training required afterwards is low.
If using the standard system, the introduction doesn’t take long. It can be completed in as little as 14 days in the best case.
Automated invoice processing with YAVEON means software solutions at the highest level and with tangible added value. Our many years of experience with ERP and DMS solutions ensure project success right from the start. But what would a project be without enjoying the work? We are convinced that dealing with each other in a spirit of partnership turns a project into an experience.