i-Link ABBYY
Streamline and automate accounts payable with turnkey invoice processings
ABBYY FlexiCapture for Invoices is an invoice process automation application that reduces inefficiencies, errors, and costs associated with manual invoice processing by eliminating data entry and the physical handling of paper. i-Link connects your ELO to ABBYY, where you can automate invoice capture, recognition, field extraction, validation of data and straight-through processing of PO-based invoices all in one place without having to switch applications.
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How it works
As part of a modern accounts payable automation solution, ABBYY Flexicapture for Invoices covers five steps between invoice arrival and posting
1
INVOICE INPUT
ABBYY’s invoice solution supports multiple input channels like e-mail, web-based invoice scanning, MFP, FTP, mobile capture, fax, etc. It ensures identical document processing independent of form or format.
2
CLASSIFICATION
Invoice classification technology allows the sorting of documents by types and custom subcategories. The system learns on the fly, enabling fast deployment and higher processing accuracy.
3
DATA RECOGNITION, EXTRACTION, & VALIDATION
ABBYY’s invoice solution identifies and extracts data from relevant invoice fields. It supports country-specific validation rules and invoice matching against master data in addition to PO matching.
4
DATA REVIEW & INVOICE APPROVAL
Data approval processes become easier with an intelligent workflow approval that includes automated invoice processing, with the possibility of manual verification by the accountant for missing information, and instant posting for valid PO-matched documents.
5
EXPORT & ARCHIVING
FlexiCapture for Invoices can be easily integrated with ERP systems, financial applications and databases for subsequent invoice data export. Automated indexing of invoices by key fields ensures fast and easy invoice retrieval. Transformation of images into PDF formats meets the latest archiving requirements.
Features & Benefits
See how i-Link connects you to ABBYY’s ready to run solution, which includes numerous features to meet your accounts payable automation needs, and learn how you can benefit today!
Straight-Through Processing
Automated document processing from invoice arrival to posting without human intervention enables accounting staff to focus on exceptional invoices only.
Line Item Data Extraction
FlexiCapture for Invoices supports line item extraction, including invoices with multi-line descriptions, multiple pages, and inconsistent column headers. Line items extracted from the invoice are matched against rows of data in a corresponding purchase order (found in the ERP).
Machine Learning by User Side
While you use the solution, it starts learning by feedback on your documents and additionally increases extraction quality. The more you use the solution, the better quality of results you get. Controllable on-the-fly training technology enables immediate data detection refinement directly by an accountant while reviewing the invoice. As opposed to “black-box”-like self-learning systems, ABBYY FlexiCapture for Invoices gives IT staff full control over the training results.
Superior Quality
When you first start using FlexiCapture for Invoices, you already have high out-of-the-box quality. We trained our system with thousands of invoices, using neural networks technology, before our customers started using it.