Invoice Capture Options

Reduction of labor and the costs associated with invoice receipt, scanning, and data entry is often the focus and foundation of automation investments. An examination of enterprise implementations demonstrates that there is no single solution to minimizing the costs and labor associated with capture and entry. For the optimal capture and entry strategy, enterprises are advised to:

• Profile the supplier base - document the relationship between classes of suppliers, invoices, and spend
• Determine the suitability of capture and entry options for classes of suppliers - which paths will result in the highest levels of capture and entry automation
• Evaluate electronic capture and entry options - costs, strengths and weaknesses

The optimal capture and entry investment will likely include multiple capture options to accommodate your business operations, invoice types, supplier needs and general Finance operations. Supplier adoption, ease of use and scalability are also critical.

technology solutions for capture and entry automation, and uniquely provides a single, consistent process for invoice discrepancy resolution and approval. 170 MarkView will continue to incorporate new capture and entry strategies.

Capture and entry solutions include:

Bar Codes
Electronic invoicing (or EIPP)
E-mail attachments (PDFs and TIFFs)
Fax
Optical Character Recognition (OCR)
Scanning/imaging
Self-service invoice entry