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Invoice Data Capture Solution Relieves AP Staff from Tedium of Manual Data Entry EchoVera's invoice data capture in the cloud is for organizations looking to capture invoice data with automation. Accounts payable departments in most medium sized companies struggle with entering the information from vendor invoices they receive into their ERP or accounting system. Palette Software's report on AP scanning and invoice data capture illustrates the immensity of the problem for North American companies. Although vendor invoice solutions include EDI or invoice portals, the percentage of organizations using either of these methods are few because of both costs and resource concerns. The report, entitled "2021 Guide to OCR Invoice Scanning & Data Capture" shows how 90% of the supplier invoices received are either in paper or email format. Over 70% of organizations are currently entering invoice data manually, either by accounts payable staff or through outsourcing. Echovera's invoice capture solution eliminates the need for manual data entry. "Many companies are either entering invoice data manually," says Ralf Leitner, CEO of EchoVera, "Or they are stuck with legacy OCR systems that don't integrate well and are limited in functionality." The time savings can be significant, given many of the clients EchoVera works with have thousands of invoices to process every month. Suppliers do not incur any costs and the solution integrates seamlessly with popular ERPs. Intelligent OCR is a Complete Solution for AP EchoVera's solution stack includes approval workflow, PO matching, with audit and invoice archive Contact Us: https://echovera.ca/
