Using a manual system an invoice typically costs end users between $15 to $50 to process when everything goes smoothly. When invoices are mishandled because of errors introduced by manual processes the effects can prove costly. Prompt payment, discount conditions are missed and penalties for late payment may result. This means that a customer must be confident of your processing ability to entrust your BPO operation with his Accounts Payable processing.
WaveInvoice is a fully customisable platform for invoice processing to automate the extraction of data from your clients invoices and convert the results into meaningful information. This information can then be fed into your client's accounting or ERP systems for further processing.
Benefits of Automation of Invoice Processing :
- Cost base of Accounts Payable processing reduced
- Reduced likelihood of penalties for late payment
- Faster turnaround of invoices means greater chance of meeting deadlines for prompt payment, and receiving discounts for your customer
- Enables you to reassign trained staff to more productive area.
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