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Accounts Payable Automation

Turnkey Invoice Processing Solutions for your Business

Simply save time and reduce costs

Invoice processing can be one of the most labor-intensive functions of any business. The volume and variability of invoices and the processes followed by all your suppliers can be challenging for many organizations.

Accounts payable / invoice processing solutions enable companies to automatically handle incoming invoices and cover all necessary steps of the AP department - ranging from invoice data extraction to validation, release and the final booking of all invoice amounts in the ERP system.

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Process Transparency

Capture invoices automatically at points of arrival, regardless of their format or medium. Automate queuing and immediate processing with full visibility for your AP staff for maximum accuracy and efficiency.

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Reduce Costs

Save time and resources by reducing manual data entry and eliminating redundant operations. Processing time can be significantly reduced for the vast majority of invoices and suppliers.

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Cash Flow Management

Optimize cash flow management by monitoring and paying all incoming supplier invoices at the most advantageous time. Take advantage of early payment discounts whilst maximizing cash on hand.

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TEAM's AP Automation Solution

For organizations who want a simple, turnkey solution for automating your Accounts Payable / Invoice Processing. 

Introducing TEAM's AP Automation Solution powered by M-Files content management, ABBYY Vantage for Invoices, and TEAM's M-Connect digital platform.

Accounts Payable Transformation

From simple invoice processing automation solution to the latest innovations and best-practice, TEAM the expertise to transform your Accounts Payable focus from routine tasks to strategic operations. 

Accounts payable automation can be initiated immediately upon receipt of documents in any form or format. The invoice processing solution automatically classifies invoices, and recognizes and extracts all essential data in the document, via a simple, configurable workflow.

AP Automation Workflow v4

TEAM Webinar On-Demand: Latest Developments in AP AutomationAdobeStock_313037967_Preview

Learn how you can meet the increasing demands of your business by automating up to 95% of your accounts payable through simple, repeatable processes.

See how Invoice Automation removes some of the challenges faced with manual accounts payable processing.
Learn how 95% of your accounts payable invoices processed, can be ready to pay without any human intervention.We'll take you through our experience with companies wanting to automatically handle incoming invoices and all steps in the AP department - from invoice data extraction to validation, release and the final booking of all invoice amounts in the ERP system, delivering:

  • Reduced costs
  • Improved data quality
  • Increased compliance
  • Optimized cash flow

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ABBYY Vantage for Invoice Processing

ABBYY Vantage is the next generation of an Intelligent Document Processing platform providing easily consumable AI “skills” that understand your invoices and other documents in a fast and simple way. Vantage makes today’s digital worker, and processes, smarter with pre-trained skills that read, understand, and extract insights from invoices, helping enterprises accelerate digital transformation

TEAM IM's ABBYY Vantage Connector for M-Files

The ABBYY Vantage connector enables organizations to perform intelligent character recognition of scanned documents stored electronically in the M-Files repository. Organizations can utilize recognized and extracted data to drive business processes and power search criteria within M-Files. The data can also be optionally released for import into host/legacy systems.

The Power of ABBYY & M-Files

ABBYY Vantage is powered by a library and marketplace of intelligent skills, such as the Vantage Skill for Invoices or for Purchase Orders. When combined with the power of M-Files’ next-generation information management platform, these tools drive automated business processes, workflows, and dynamic reporting. The capability can automate any business process, such as extracting invoice and purchase order data including numbers, dates, totals and line items.

The Connector bonds a specific ABBYY Vantage skill to an M-Files document classification and then links data extracted by the skill to properties (metadata) on the content. Once the document is processed, Vantage returns the extracted elements to M-Files where they can be used for metadata and/or for creating objects or sub-objects. 

Want to know more?

Accounts Payable Automation is one of the most effective investments you can make to improve business performance. Speak to one of our experts today.

Want a Demo of our
AP Automation solution?

TEAM IM can provide a deep dive into our AP Automation solution and show you how it saves time and reduces costs.

 
Schedule a demo

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