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ABBYY FlexiCapture for Invoices

Best-in-class invoice process automation 

Turnkey, streamlined invoice processing is a reality with FlexiCapture for Invoices. Using purpose-built AI, we automate accounts payable to optimize cashflow outcomes.
FCI_Overview_1

An intelligent, scalable, and flexible solution for invoice automation  

 

Manual invoice processing, like all manual data entry, is prone to human error and high costs. That’s why so many businesses use invoice processing automation technology to ensure that their vendor invoices are paid accurately, efficiently, and on time.

FlexiCapture for Invoices takes invoice automation to the highest level, easily accommodating invoices in different languages, with hundreds of pages, complex table structures, and unstructured data. ABBYY’s technology has been handling invoice data for 30 years, continually getting better and better. There is no type of invoice that we can’t handle, including e-invoices.

Why use automated invoice processing?

 
Faster invoice processing
Compared to manual invoice processing, automated invoice processes can drastically speed up invoice processing time—by as much as 81 percent. This translates into fewer late payments and more opportunities to take advantage of early payment discounts. It also expedites financial close and audit procedures.
Greater accuracy
Intelligent invoice automation uses artificial intelligence (AI) technologies such as machine learning, neural networks, and natural language processing to automate invoice capture, recognition, field extraction, and validation of data. This enables AP departments to consistently deliver accurate, on-time supplier payments.
Cost savings
With less manual effort required to improve the invoice process and cash management, operating expenses go down. Invoice processing software also helps organizations better detect invoice errors such as fraudulent activity, and avoid paying duplicate invoices—ensuring that accounts payable delivers accurate amounts every time, and that invoices are only paid once.
Streamlined AP workflow
Invoice processing automation solutions can capture invoice data arriving from various inputs—including central and distributed locations. Extracted and verified invoice data (and images) are delivered to the systems that need it—RPA, CRM, ERP, BPM, ECM, and accounting systems—providing a smarter, faster, end-to-end accounts payable automated workflow.

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Invoice automation—use cases

 

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Automated invoice processing FAQs

 

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