In today’s competitive business environment, every department is responsible for operating as efficiently as possible. However, this isn’t always possible within AP departments, where countless tasks, such as invoice processing, still rely on manual data entry and paper-based actions. Numerous technologies have promised to give organizations complete electronic invoicing capabilities, however, due to information discrepancies, inaccurate data, and unreadable images, all solutions fall short of this great feat – that is, until now.Taulia has created a solution that finally allows organizations to reach 100% electronic invoicing, called INBOX by Taulia. INBOX by Taulia replaces OCR (optical character recognition) systems with a cloud-based solution that optimizes the process of invoice data capture and eliminates the need for buyer-based manual data entry.
Suppliers simply email their invoice documents to a unique email address, such as email@example.com. Once received, Taulia converts the document to a readable format, extracts the data and verifies it against the original. If all information was successfully extracted, the invoice is sent through for approval and payment. If the invoice data is incorrect, missing or unable to be extracted, it is sent back to the supplier to be repaired and resubmitted.
Organizations need a solution that will allow them to meet the needs of all suppliers – not just those who currently use electronic invoicing. Buyers no longer have to spend time and resources on verifying and repairing invoice data or go through the hassle of endless, time-consuming back-and-forth communication. 100% electronic invoicing is finally achievable with INBOX by Taulia.