Automatic Data Capture
We can digitize all your invoices and extract the data, including line items to be sent to your ERP, document management system, accounting software, and more. We can extract all the data for just a fraction of the cost compared to employees entering the data manually. Tap into Royal Imaging’s document scanning services expertise.
The saving ratio is usually from 5 to 10 times lower in cost than entering the data manually. Not including the savings you can make by paying invoices on-time or early and avoiding late payment penalties.
The technology used in the AP Automation/Electronic Invoice Processing realm which is called “Unstructured Forms Recognition” can also be utilized in other departments throughout your organization where applicable to create the same time, error, and cost saving effect.