What is Invoice Scanning?

Invoice scanning encompasses the process of capturing data from invoices, facilitating its storage and access within a centralized system, such as accounts payable software.

Understanding Invoice Scanning

Primarily, invoice scanning involves extracting vital information automatically from digital invoices, whether they're in PDF format or e-invoices, utilizing a data capture solution. While it can involve scanning paper invoices into digital formats, the focus lies on automating data extraction processes.

The Significance of Invoice Scanning

Invoice scanning is pivotal for accurately logging and storing critical data. While many solutions rely on tools like Optical Character Recognition (OCR) software to transpose supplier invoice details into the accounts payable system, the traditional OCR approach often struggles with PDF challenges. To overcome these hurdles, leading invoice automation solutions leverage Artificial Intelligence (AI) and Machine Learning (ML) to deliver unparalleled results.

  • Elimination of human error
  • Rapid data transposition
  • Allocation of employee time to higher-value tasks
  • Increased efficiency

Embracing Accounts Payable Automation

Once your accounts payable system is appropriately configured and houses supplier invoice data, you're poised to automate the entire payment process. From receipt and storage to approval and payment submission, it all can be achieved with a single click.

How Basware Can Assist

At Basware, we specialize in providing comprehensive AP and invoice automation solutions. Our offerings include the seamless receipt of electronic invoice data, irrespective of your suppliers' preferred invoicing methods. Contact us today to explore how we can revolutionize your accounts payable processes.