The process of replacing routine manual processing of accounting documents with modern technological tools. It is also related to the concept of accounting automation and is an important step in the effective management of accounts payable .
Digitization and automation are standard in many industries. However, accounting departments still rely on printing received invoices, manually transcribing them into the accounting system, and storing paper documents in folders.
Digitizing accounting records can not only save companies time and reduce errors caused by manually rewriting data, but also make accounting employees happier, who can focus on skilled work that they enjoy thanks to the elimination of routine work.
One of the tools that helps with the digitalization of accounting is ORiON EDI - it can automate the transfer of structured documents between the accounting systems of the supplier and the customer, including their archiving.
And with received invoices or receipts in other formats, such as .jpg, .pdf, .tiff and others, the iNVOiCE FLOW service can handle them. It extracts the necessary data from the documents with the help of artificial intelligence, can ensure that the document passes through the electronic approval workflow, is imported into the accounting system and is also archived for the legally required period in a secure data center.
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