Accounts Payable (AP) Automation & Workflow Services

Invoice Scan and Capture Solutions

Receive accurate and complete invoice data in electronic format for a truly ZeroTouch environment.

Corcentric's Invoice Virtualization Center (IVC) facilitates conversion of paper-based invoices through scan and data capture, so you never have to waste time with paper invoices again. Instead, your suppliers can submit invoices in paper format to a PO Box managed by the IVC or emailed to the IVC, depending on their capabilities. Key information is extracted from each invoice using a combination of Optical Character Recognition (OCR) and data validation. Invoice images and data are presented to users during the invoice approval or matching process within the COR360 AP solution before being electronically integrated to the ERP or AP system after approval.

Invoice Virtualization Center Benefits

With Corcentric, you can outsource the problem, while maintaining control over the quality of the solution:

  • Outsource PO Box management, scanning, and invoice data capture
  • Leverage best practices by relying on supplier invoice scanning software and data capture experts
  • Eliminate paper handling for an efficient, ZeroTouch environment
  • Upfront scanning and data capture
  • Benefit from highly-accurate Optical Character Recognition (OCR) technology
  • End time-consuming data entry and scanning for AP processors
  • Avoid spending money on costly scanning equipment
  • SAS 70 level II certified and PCI compliance

PO Box Management

Many of your suppliers will already be integrated with the Corcentric Supplier Network for e-invoicing and will immediately be able to submit into COR360 electronically. Any paper-based invoices submitted by suppliers to the managed PO Box will be converted to electronic format in one of our Invoice Virtualization Centers using high production scanners. E-mails and faxes are also handled directly in the Invoice Virtualization Center before proceeding through the data capture process.

Corcentric allows multiple options for suppliers to submit invoices, including:

  • Mail
  • Scan / E-Invoice upload
  • E-mail
  • Fax
Invoice Submission Options