All use cases

Accounts payable automation

Streamline your accounts payable processes with Open Bee

Automate every phase of vendor invoice processing; from reception of the original document to the creation of an accounting book entry.

Time and cost savings, streamlined, accurate processing, easy access to data, real-time monitoring and greater control… the benefits of managing vendor invoices are numerous.

Combine document capture and advanced imaging technology

with workflow capabilities to empower your finance department

  • Multi-channel Capture: both paper and emailed invoices are seamlessly captured
  • Intelligent recognition:  OCR, Semantic analysis and deep learning software examine invoices, capturing all relevant data, including line items
  • Financial ERP integration: Direct integration with the ERP system via either formatted output files or dedicated connectors.
  • Approval Workflow: Invoices are gathered into a workflow, and automatically sent to managers to review and approve.
  • Automatic linking: Purchase orders, supplier invoices, and delivery orders are automatically matched by the software to ease the approval process
  • Archive: Invoice images and corresponding audit trail transactions are recorded within the legal preservation document management system

Achieve faster, more precise invoice processing

  • Eliminate manual keying in of Information and associated errors
  • Reduce process cycle times by more than 70 percent
  • Save significant amount of money in operational costs (Cost per invoice reduced by 60%)
  • Enjoy a Return On Investment realized in 3 to 6 months
  • Gain increased visibility into processes thanks to a full audit trail and real-time information
  • Eliminate duplicate payments
  • Reduce paper dependency

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Documentation

DMS – Document Management System
FAQ

What invoice matching exactly means?

2-way match in the accounting jargon is the reconciliation process of an incoming invoice (paper or electronic) with its purchase order stored in the ERP-system in terms of quantity and price.

What is Open Bee’s automated invoice processing solution?

What are the benefits of accounts payable automation?

What types of documents can be recognized by the solution for automation?

What are the benefits of implementing accounts payable automation?

How does the Accounts Payable Automation module integrate with other Open Bee modules?

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