EchoVera announces invoice data capture for cloud-based accounts payable scanning that eliminates the need for manual data entry of invoice data and AP scanning with outdated OCR. The solution includes approval workflow, PO matching, and invoice auditing function with a searchable invoice archive.
Invoice Data Capture
Solution Relieves AP Staff
from Tedium of Manual
EchoVera's invoice data capture in the cloud is for
organizations looking to capture invoice data with
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
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
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
Intelligent OCR is a Complete Solution for AP
EchoVera's solution stack
includes approval workflow, PO
matching, with audit and invoice
Contact Us: https://echovera.ca/