Convert paper invoices to electronic format. Invoices can be received in paper form and then scanned into a digital file, or they can be received and sent electronically. Digitizing invoices is a prerequisite for their automatic processing.
Invoices are commonly handled today by invoicing services or corporate systems that allow you to issue and receive invoices directly in a structured electronic form (not the same as receiving a PDF by e-mail), thus eliminating manual work with tax documents. In industries where a large turnover of standardized goods is common (e.g. retail, e-commerce, pharmacy, etc.) and companies have multiple permanent suppliers, so-called EDI communication is common, which allows for full automation of invoice processing.
Where suppliers are not ready for advanced EDI communication, companies can use partial digitization of invoices with the help of services such as iNVOiCE FLOW . Using artificial intelligence, it extracts the necessary data from invoices, administers the electronic approval process, and then imports the invoices into the company's accounting system, including their trusted archiving in a secure data center.
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