In many companies, approving and processing incoming invoices remains – as it always has been – a time-consuming process associated with high costs and slow throughput. Invoices need to be captured manually and assigned to the correct purchase orders or administrators. They are also often approved manually, based on the original paper copy. All of this leads to slow processes and high error rates – and, above all else, to unnecessarily high costs.
With «Kendox InfoShare Invoice Approval», your business can optimise this time-consuming process and realise the potential of cost savings and shorter throughput times. Rules-based, process-supported processing helps ensure high levels of transparency and significantly better access to information, including legal compliance thanks to revision-safe invoice archival. Moreover, invoices can be processed from anywhere in a single continuous workflow: in other words, they can be approved at any time, even on mobile.
«Kendox InfoShare Invoice Approval» supports the entire invoices-received process: digitising the incoming invoice, extracting and verifying its contents, processing it in a structured fashion including allocating accounts and cost centres, an optional multi-tier approval process, and handing over the invoice data to the downstream accounting system.