Invoice processing: Efficient financial management

How to turn invoice management from an administrative burden into a competitive edge

The end of tedious and intensive manual work


Boost your financial management efficiency with automated invoice processing. Successful businesses need to manage data in a timely way and process invoices accurately. This keeps business flowing and maintains healthy relationships with vendors. Konica Minolta help businesses take control and streamline their invoice processes with digital invoice management solutions.

Do your teams still do repetitive, paper-intensive work by hand? Tedious for employees, this leads to sluggish document and invoice processing and hours wasted. Your accounts payable team will have to manually extract information to square invoices against purchase orders. Due to human error, this leads to some processing and capture of incorrect figures. Even if e-invoices arrive digitally, many companies still print them out and file them as paper copies.

 

Invoice Processing costs infographic Invoice Processing time infographic

 

How digital invoice management works 

 

With digital invoice processing by Konica Minolta, you can capture incoming invoices and make sure they're mapped correctly in your system. All the details, such as the project code and invoice number are automatically processed, checked and captured using text recognition software and intelligent algorithms. This means it's all safely stored right away, can be accessed from any device and will be forwarded to the right team for approval. 

 

Konica Minolta's invoice processing gives you stress-free integration into existing Enterprise Resource Planning (ERP) systems. In the end, it’s all about ensuring accurate invoice data, cutting admin time, avoiding errors and minimising costs. 

 

Benefits of intelligent invoice processing

 

Any company can harness the power of invoice processing automation. You'll discover that Konica Minolta's invoice processing solutions reduce errors and give you more transparency, avoiding bottlenecks and helping to keep you compliant.

 

No matter how invoices arrive - whether in paper form or as email attachments - an AP (accounts payable) automation solution can deal with them for you. They'll be delivered to the right people fast - using our workflow and routing options.

 

Invoice management E-Book

In business, there is in fact such a thing as a burden of success: In many cases, it comes in the form of invoices – lots of them. And these invoices need to be managed. As businesses grow, so does their network of customers and suppliers. And when production chains and value creation become ever more globalised, complexity increases while regulatory demands grow. Manual processes may have taken a business so far – but at a certain point, they start to become excessively labour-intensive, error

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