Manual accounts payable processing can cost you a significant amount of time and money and this cost can rise alarmingly due to errors. This labor intensive process results in costly and time-consuming exceptions and delays.
Element3 Solutions automate the process of invoice scanning, invoice data extraction and classification. Our solution provides recognition of data on scanned paper or PDF invoices, followed by validation, sorting and archiving to significantly speed up your accounts payable process.
Line-item and header details are captured.
Compares the invoice data with the corresponding PO and highlights discrepancies.
Can be easily configured to fit a specific business process by adding new fields and rules.
A voting scheme increases confidence levels.
Paper, scanner, PDF, email, database, web service.
Additional scanning, processing, verification and export stations can be added as needed.
Reduces costs by decreasing the amount of manual labor required to type in document data..
Take advantage of early payment discounts and avoid penalties
Strong validation rules help avoid costly human errors.
Lets your staff focus on creative tasks.
Identifies outstanding liabilities and highlights AP performance.
Manual accounts payable processing can cost you a significant amount of time and money and this cost can rise alarmingly due to errors. Labour intensive processes result in cost and and delays.
Significant cash flow implications can be the result of manual, time-consuming expense claim processing. Eliminate countless hours lost searching for missing receipts.
Maintaining private and confidential information safely and securely within your business can quickly become unmanageable. Data breach laws dictate you must be able to comply to national standards.
The cost of inaccurately manufactured product can dramatically impact the profitability of the production run, or worse, the quality approval process, leading to reputational damage.
Your business is subjected to more compliance and regulation than ever before. New data breach laws apply to virtually all Australian businesses. You must comply or face significant fines
Paper-based operations out of the office can be a productivity and process bottleneck. No operational visibility, increased risk profile, and ineffective communication which effect your bottom line.
Expired registrations, licenses or insurances can void any incident claims. Poor vehicle or plant maintenance programs can lead to increased operational costs and increased safety risks.
Customers have more choice of supply than ever before. Don't let your orders go to your competitor through poor management and processing of your clients sales orders.
It is a legal obligation of any Australian business to provide a safe environment for all staff, visitors, contractors, volunteers, and suppliers. Even small and simple offices can be hazardous.
Slow or no ability to respond to delivery enquiries can not only take valuable time from your operational staff, but failure to provide requested information can cost you in credits, stock ad reputation
Managing digital documents by email and network drives is not only ineffective, but also prone to risk. Staff that use free on-line document sharing tools exposes your business to business information loss and leakage
Are you still fielding basic customer enquiries by hiring phone-based staff? Do you have skilled staff chasing basic enquiries? Simple enquiries can impose significant cost to your business
How do you identify the competency of your staff? Who needs what training or education? Do your staff know the latest products, policies or procedures? Manage the knowledge of your employees.