Simplify your invoice processing and improve visibility by automating manual tasks
An automated invoice processing system simplifies AP (Accounts Payable) processes including extracting, populating, and managing invoice data. Automating your invoice software can speed up invoice processing time, reduce the risks of manual processes like fraud and errors, and improve your view of cash flow.
Traditional invoice processing can be time-consuming: After receiving a supplier invoice, the accounts payable department must match the invoice against the purchase order and receipt, record it in the accounting system, and code it. Before vendor payment can be issued, the invoice must be approved by the appropriate employee. Finally, every invoice must be stored properly for tax and other regulatory purposes.
With Concur Invoice, you can:
Spend less on invoice processing and management
Manually processing an invoice costs your business excessive time and money. More than half of invoices are still received on paper, and significant resources are required to input the data, track down the first approver, and move the invoice through the necessary checks. An invoice automation solution can significantly reduce the resources spent on invoice processing.
Quickly capture supplier invoices in any format
Free your accounts payable staff from time-consuming data entry with OCR invoice processing. Optical character recognition technology from SAP Concur uses machine learning to scan mailed, faxed, or printed invoices to automatically populate a payment request. Concur Invoice also captures e-invoices, whether from suppliers, emails, or payment systems.
Faster processing for a timely picture of your spending
Manually processing an invoice takes an average of 17 days. Invoice automation moves requests for payment into your system more quickly and consistently, so you always have a clear and accurate view of your spending. With business intelligence tools from SAP Concur, you can use that information to make strategic decisions, better manage your cash flow, and take advantage of early payment discounts.
Easily capture invoices without wasting time rekeying invoice data
Stop duplicate and fraudulent invoices creeping in
Enable reviewers to approve invoices on the go
Set up automatic workflows to control spend and keep employees productive
Put tax reclaim cash back in the bank without extra effort
Easily integrate spend data to make informed business decisions
To be contacted by an SAP Concur representative, complete the form or call +44 (0)1628 761 100.
We have received your request for information and we will be in touch with you soon.
We have received your request for information and we will be in touch with you soon.
Be clear and direct. Compliance starts with a policy that’s simple and easy to understand.
Get feedback. Ask stakeholders from other departments to contribute so your policy works for everyone.
Be considerate. Be aware of how busy your colleagues are; one extra step may feel like a big ask.
Optimise with technology. A cloud-based invoice processing solution can save your organisation time and money.
Go mobile: Make your policy easy to follow by allowing employees to manage invoices from their mobile devices.