Invoice Automation

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Automated invoicing cuts to the chase. When the invoice arrives, it is scanned and fed into the digital accounting system. This form of data capture (otherwise known as invoice capture) cuts out hours of manual data entry. The invoice automation software will then convert the data into a text-searchable document. Automated Invoice Processing Coupa automated invoice processing uses 2-way or 3-way matching rules to ensure the goods or services being billed align with orders and receipts. NEC EUROPE Saves €2M in 12 months, Across 10 European Countries A European technology leader partners with Coupa to manage millions of monthly spend. Invoice Automation converts multiple invoice formats into one, streamlined feed of data for buyers, receivers, and AP, which can help improve your processing efficiency. Route: Configurable workflow is designed for electronic invoice approval. PNC’s Invoice Automation automates general ledger coding and the invoice approval process. Automated vendor invoicing processes overview Submit imported vendor invoices to the workflow system. As part of a touchless Accounts payable invoicing process, you. Match product receipts to invoice lines that have a three-way matching policy. The system can automatically match posted. Invoice Automation Overcome the cost, time, risk and errors associated with paper invoices and manual processes by automating the invoice lifecycle. Paymode-X invoice automation helps you streamline and digitize invoice receipt, matching, workflows and approvals.

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Enabled forPublic previewGeneral availability
Users by admins, makers, or analysts Nov 6, 2020 Jan 29, 2021
Automated

Business value

This feature saves time and labor costs by using the system to automatically match quantities on vendor invoice lines to product receipts. Your employees no longer have to monitor the arrival of goods and then complete the matching process manually.

Invoice Automation

Feature details

Invoice automation processInvoiceInvoice automation in excel

Invoices frequently arrive before the goods do. When the invoice line has a three-way matching policy, someone must match the invoice lines to the posted product receipts after the goods arrive. Now, the system can automatically match posted product receipts to invoice lines for which a three-way matching policy has been defined. The process will run until the matched product receipt quantity is equal to the invoice quantity. As part of this process, you can indicate the maximum number of times the system should try to match product receipts to an invoice line before concluding that the process failed. The match-product-receipt-to-invoice-lines process will run in the background, using a frequency of either hourly or daily. You can run the automated matching process as part of the process for submitting invoices to workflow, or as a standalone process.

See also

Invoice Automation System

Automated vendor invoicing processes overview (docs)