Last week we put out a blog explaining how we at ExpenseAnywhere have simplified travel and expense management automation, making it faster, simpler and cheaper than ever. In the spirit of encouraging technical literacy, this blog will break down how our invoice management solution, InvoiceAnywhere, is changing the financial management game.
- The invoices enter the recognition server via fax, email, or upload. They are then processed through OCR, AI, and machine learning technologies and automatically matched to their respective purchase orders and receiving/inspection data. The paper data is now completely digitized.
- The 100 percent accurate, validated invoice is routed through the approval process based on your customized workflow and policies.
- The fully approved invoice is checked through the use tax process.
- The invoices are sent for payment.
And that’s it! You have a 100 percent accurate, fully validated, digitized invoice ready for payment – no ink, paper, or manual data entry necessary. To learn more about the benefits of financial automation, visit us at https://www.expenseanywhere.com/ or call us at 412-858-1111.