Automated Invoice Processing with Azure Vision Cognitive Services
Invoice processing consumes significant time and effort for most enterprises. Besides the substantial cost involved, manual processing is prone to errors and can cause delays. You now have the power to change this - with Artificial Intelligence.
Save time spent in manually entering financial data into your systems, improve the accuracy of your data, and make timely payments to suppliers by using Alletec's Automated Invoice Processing solution built on Azure Vision Cognitive Services.
Receive the invoices as PDF, JPG, PNG or TIFF
Get your system trained for the schemas of your regular vendors
System filters out un-recognized layouts/ schemas (new vendor, or a new format of existing vendor)
Put new layouts through pre-processing/ training - a onetime activity for each layout type.
Key information from invoices extracted. Available to be stored in a desired format, or moved to another system.
The target system (e.g. Dynamics 365 ERP) can be configured & customized to validate the invoices for data like Supplier name, amount and Purchase Order number
Invoice may be routed (workflow to be setup in the ERP/ target system) to the appropriate person for approval or query.