Forms Recognition Software
Kofax Ascent for Payables
Ascent for Invoices makes any organization’s Accounts Payable department more efficient and cost-effective by providing tools to automate manual processes, controls to prioritize workflow, and compatibility with virtually any business software application.
It converts mounds of paper invoices into actionable digital data that’s far easier for AP departments to locate, validate, process, transfer and store.
Organizations need Ascent for Invoices if:
- The average cost to process an invoice is rising.
- The average time to process an invoice is rising.
- The productivity of data entry operators has declined while their cost continues to increase.
- Opportunities to capture early payment discounts are missed due to organizational inefficiencies.
- Relationships with vendors are suffering because of late payments and missing documents.
- The number and variety of invoices (both paper and electronic) received overwhelms processing and storage capacity.
- They want to free themselves of tedious data capture duties so they can focus on core responsibilities.
With Ascent for Invoices you can:
- Scan and convert paper invoices to digital form without having to pre-sort or separate them.
- Use VRS to improve the legibility of scanned images, making them easier to read by downstream workers or OCR/ICR technology.
- Analyze invoices, regardless of their format, to identify and extract targeted information (e.g., invoice number, invoice data, total amount).
- Use human operators to validate extracted information and/or utilize database lookups.
- Release validated data to any major back-end enterprise system.
- Store invoices digitally, making them faster to retrieve and less expensive to manage.
Key features of Ascent for Invoices include:
- Built on the foundation of Ascent Capture, the world’s most popular information capture solution.
- Compatibility tested with most major manufacturers’ production scanners.
- Prioritize invoices to maximize vendor relationships and discounts.
- Keep an auditable workflow record by electronically time and date stamping each invoice as it is scanned.
- Multiple users at multiple locations can simultaneously access invoices.
docuVision provides the best of breed products and “puts them all together” in a solution scaled to your specific needs. Contact us today for a free needs analysis.