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Automated Invoice Processing and ERP Integration


invoices, invoice processing                                                                              Download brochure
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A fully automated Purchase to Pay process that reduces cost and improves production management

invoice processing solution, DM Award 2007

The ITESOFT.FreeMind for Invoices solution handles all the tasks for processing every supplier invoice automatically: electronic capture, identification, automatic reading and verification, matching, dispute management, allocation, validation and remittance advices, as well as data look-up and export to ERP, accounting and purchasing systems, DMS, workflow and tax dematerialisation solutions.

ITESOFT.Share, ITESOFT’s workflow and document management solution, integrates seamlessly with ITESOFT.FreeMind for Invoices to first automate the purchasing process (from the initial request to accepting delivery), and then handle all invoice-related processes such as invoice approval, dispute management and payment approval. ITESOFT.Share enables users to look-up all digital documents, including purchase requests, orders, invoices and more, throughout the entire process.


DMS solution dedicated to invoice processing

Together, these solutions truly improve company productivity by:

  • Reducing average invoice processing costs by 60%*
  • Increasing invoice processing speed by a factor of 5*
  • Accessing accounting data and digital invoice images instantly*

*Results based on a study of 50 live sites running ITESOFT.FreeMind for Invoices.

In addition, ITESOFT.FreeMind for Invoices includes monitoring tools and statistical summaries to improve financial reporting, streamline payment cycles, meet commitments and deadlines and optimise supplier relationships (discounts, invoice quality, etc.).

Automated invoice processing drives productivity and efficiency

As productivity and efficiency gains are high priority requirements for data capture solutions, ITESOFT has integrated specific technical innovations into ITESOFT.FreeMind for Invoices, greatly improving the performance of automated processes:


  • Full-Text reading of invoices in their entirety (headers, footers and detail lines) without any setup or prior learning

  • Memorising data position and format during Full-Text reading and interactive validation phases to enhance the knowledge base automatically
  • All business-related features required for processing invoices, including invoice/order/reception matching, legal compliance check, multiple VAT rates, occasional suppliers, automatic allocation, multiple customers, handling third party payments, fees and more

These innovations provide unparalleled levels of system automation, enabling ITESOFT.FreeMind for Invoices to process 100% of all invoices as soon as production goes live.

Integration

ITESOFT.FreeMind for Invoices is a business-specific solution running on the ITESOFT.FreeMind technology platform. All ITESOFT.FreeMind and ITESOFT.Share solutions are fully interoperable and communicate via Web Services. They share common monitoring and administration tools, and thereby simplify the management of multiple automated data capture processes within a company.

With its connector interfaces and dedicated invoice validation modules, ITESOFT.FreeMind for Invoices can be used with dozens of ERP systems and compatible applications.


For example:


ITESOFT invoice processing solutions are used by over 600 clients throughout the world, handling more than 1 billion documents every year. Here are a few of those who have chosen ITESOFT.FreeMind for Invoices:

AAH • Acument • Air France • Air Liquide • Alinéa • Apollinaris • Assura • Bateg • Belambra VVF • Belgacom • Brake • Brink’s • Bull • Bünting Beteiligungs • Cadbury • CAF Montpellier • Calyon • Capgemini • Centaur Services • Ciffréo Bona • Cofely • Colas • CRCA Brie Picardie • Crest Nicholson • EDF • Endel • Euromaster • Fédération Internationale de Football Association FIFA • FENWICK Linde • Geodis BM • GMF • Groupe NGE • Groupe Soufflet • Harvey Nichols • Hervé Thermique • Icade • Initial BTB • Inter Mutuelles Assistance IMA • ISS Logistique & Production • Kiabi • La Redoute • Laïta • Laser UK • Les Coopérateurs de Normandie Picardie • Luminar Leisure • Marie Groupe Uniq • Marston’s • Metropolitan Police • Mondadori France • Opievoy • Oxfordshire and Buckinghamshire Mental Health NHS Foundation Trust • Port Autonome de Paris • Portakabin • Randstad • Rio Tinto Alcan • SAMSE/La Boîte A Outils • SAS Institute • Schneider Automation • SDV Logistique Internationale • Segex • SFD • SGS Institut Fresenius • SIG Genève • Société Générale Corporate & Investment Banking • Sodexo • South London & Maudsley NHS Foundation Trust • ST Dupont • Système U • TDF • Tereos • Top Office • Victor Buck Services • VINCI Construction Grands Projets …



Invoice capture software, automated data entry, Sarbanes Oxley, accounts payable, ERP, SAP, invoice processing, scanning, OCR, ICR software, image, indexing, document capture, forms, classification, data capture, integration, document recognition

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events



SAP, Wembley National Stadium, Live Demonstration by ITESOFT, Award Winning Automated Invoice Processing For SAP

20 Oct - London - UK

If critical financial data from invoices and goods received notes is turned into digital form, it… > read more


Wembley National Stadium, Live Demonstration by ITESOFT, Award Winning Automated Invoice Processing Solution, all ERP And Finance Solutions Welcome.

21 Oct - London - UK

Research from the Aberdeen Group has shown that leading organisations are using their Accounts… > read more



testimonial



Belgacom - André Martens, Accounts Payable Process Manager:

"... The main advantage to this solution is that we benefit from a single, controlled process that ensures full traceability of supplier invoices, both within the solution and in SAP®..."



erp integration



ITESOFT solutions are integrated with the market's leading CRM, EAI/EDI/EIPP, ERP, business, e-settlement, DMS and workflow applications and solutions, and offer seamless and native integration with SAP® and ORACLE.


Oracle E-Business Suite validated integration

SAP, ERP, invoice processing


benefits



  • Reduction on average of invoice processing costs by 60%*
  • Improvement of invoice processing speed by a factor of 5*
  • Instant access to accounting data and digitised invoices*
  • Security and traceability at every step

* Results based on a study of 50 live sites running ITESOFT.FreeMind for Invoices


assets



  • A single automatic capture process for handling 100% of the invoices
  • Entire invoices are read without prior configuration
  • Business-controls ensure invoice integrity
  • Improved control over business processes
  • Continuous improvement in performance
  • An intelligent user interface designed for aid performance
  • Native interoperability in an IT environment
  • A dedicated flow for optimizing system performance