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Invoice Processing: Coding
Supplier invoice coding has traditionally been a very complex and time consuming process. The process typically involves an end user manually completing a coding form or annotating an invoice with the costs centre and GL codes, which then have to be manually keyed into the financial system by the accounts payable (AP) team.
The Documation invoice processing iCode module can automate this process by:
- Providing facilities for AP to easily select the correct user to code the invoice
- Allowing coding to take place in AP or by the end user
- Providing a web based interface to allow end users to code invoices online
- Providing online search facilities for cost centres/GL codes
- Validating the codes and code combinations online to ensure coding integrity
- Providing intelligent defaults based on a user’s previous coding selection for a given supplier
Benefits of invoice processing & iCode
- Improved speed of the coding process
- Improved coding integrity
- Reduced coding processing times
- Reduced AP costs
- Places coding responsibility with the end user
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To find out more about our invoice scanning and data extraction, please get in touch with us today! |
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