Eliminate the inefficiency, risks, and costs of paper-based invoices
The cost to your company of manual invoice management can be measured by the amount of time wasted, errors not identified, payments delayed, and discounts not captured. Increase control over the entire payables process – from invoice receipt and approver responsiveness through invoice automation.
Is your AP team grappling with manual, error-prone invoicing and payments?
Are paper-based processes frustrating your suppliers and slowing business?
Is too much time spent handling errors, exceptions, and missing paperwork?
Corcentric Platform is infinitely better.”
Invoice Management Automation
Resolving matching errors and exceptions requires great effort for many businesses. Eliminate redundant manual entries through automated invoice processing.
- Supplier invoice entry
- Automatic invoice matching
- Manual invoice matching
- Internal reinvoicing
Increase productivity by ensuring the highest level of data capture accuracy. Using machine learning and artificial intelligence you have the ability to scan, convert, validate, and transfer paper-based invoices into electronic images.
AP Entry + Allocation Management
Managing the books, Corcentric invoice automation generates accruals and AP entries during the purchasing process for real-time reporting and seamless integration with your ERP or accounting system.
Tax + Invoice Compliance Management
Easily adapt your financial accounting according to different countries’ accounting requirements and methods globally. Corcentric integrates leading technologies for managing signature validations, invoice indexing, and invoice archival.
- SOVOS – e-invoicing compliance for signature validation and e-invoicing compliant archiving
- Xelians – receiving paper supplier invoices, indexing, and archiving for EU regulatory compliance
Achieve detailed payment management from purchasing cards to paid status, related to charge backs or payment amount allocations.
Invoice automation removes frustration
of AP professionals’ time
is spent bogged down by
a seemingly endless list of
manual transaction processes.
say exceptions remain the bane
of AP’s existence, slowing processing
and creating bottlenecks that mute efficiency and effectiveness.