Invoice Processing Solution
Regardless of your business type, if you receive accounts payable via PDF or even by fax or mail, then you can save hours of time extracting the information stored in them.
Reduce your average cost of processing invoices by 95%. Convert your Invoice Processing in a fully automated - touchless - workflow.
Technofast IRCP is equipped with powerful data extraction filters that extract detailed data including a header, line items and total data from invoices with the known layout. Setting up the Invoice Process System is easy and the accounts payables process can be automated in a couple of minutes.
New invoices (in PDF or JPG) can be uploaded into a document directory on-premise or on the cloud, and our software automatically fetches it and downloads the invoice data in good old Excel or CSV format or can upload it in the database.
This is a popular use-case amongst our wholesale, retail and e-commerce customers which use Technofast-DRMS to automate procurement processes. All you need to do is to create one document layout (trading partner/vendor) and all your future invoices from that vendor will automatically get taken care of.
Flexible & Easy
Our easy to use software enables touchless invoice data capture that’s easy to use and highly accurate. No more complex setup, manual data entry, paper stacks and wasted time.
Digital, scanned or Photograph
We support all forms of invoices including virtually all digital formats (PDF, DOC, XLS etc.) and imaged documents (PDF, JPG, PNG etc.) Do away with invoice scanners and manual data entry. Give suppliers the ultimate flexibility in how they submit invoices to you.
Free up TIme
Remove error-prone, time consuming manual data entry. Become more efficient and devote time to more high value tasks.
Set & Forget
Powered by artificial intelligence and machine learning technology, Our system constantly learns with every new document scanned and every interaction with users. This self-learning ability enables hands-free data extraction from an unlimited number of document designs.
No Necessary Template
Using artificial intelligence technology, the invoice data capture doesn’t need specialist engineers to set up “rules” or “templates” for each supplier invoice design. You tell the engine what you want and it will capture it.