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The automatic invoices processing solution is designed to automatically capture, process and manage supplier invoices. Built on ITESOFT.FreeMind software suite, it is the technological and functional answer for fully automating invoice processing.
It performs all the necessary functions for invoice automatic processing : capture, identification, data recognition and data checking, validation, payment order, consultation and exportation of data to any ERP, DMS, workflow, or information system.
The operation is controlled using a corporate-scale management tool running in real-time. Platform initialisation for data flow management, user access rights and document settings is controlled via a global platform and processing administration function.
ITESOFT.FreeMind for Invoices (FMFI) has all the functionalities required by business for the accounts-payable management process : management of credit notes and attachments to invoices, automatic verification of compulsory legal references, management of supplier and analytical accounting data entry, management of more than one currency, more than one VAT rate, more than one order, multi rows invoices,…
Implementing the solution ensures a drastic reduction in costs and human processing times. Moreover, it enables the company to take a major step towards realtime management control and significantly improves the accuracy of accounting data. It contributes to the efficiency of the Account Payable process.
The productivity gains brought by FMFI make it possible to reduce drastically the total processing cost of the invoice of almost 60%. Analysis of the returns on investments (R.O.I.) observed on live sites shows an average 12 months payback (varying from 8 to 18 months).
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