Invoice Processing
BancTec offers a tried and tested invoice processing solution that scans invoices upon receipt and uses reliable recognition technologies to capture key invoice data automatically.
Every organisation has a requirement to process and track incoming invoices. By using BancTec’s eFIRST Invoice solution keying and transposition errors are virtually eliminated, payment penalties are avoided and invoices are paid at a time that is financially beneficial for the paying organisation.
Once invoices are scanned, eFIRST Invoice determines the supplier and searches for all line items contained within the invoice document. The solution extracts all product information and performs item balancing functions to ensure all the values associated with each line item are correct. The digital invoice and the extracted data is sent through a number of validation checks before the information is distributed to financial or legacy systems. Additional processes that can match invoice data to purchase orders and delivery notes can be added to provide a complete end-to-end invoice processing system. eFIRST Invoice is available as a standalone solution or as an optional module within eFIRST Mailroom.
