AP Capture

Reduce costs.  Accelerate turnaround. Enhance supplier relationships.

Invoice processing is a paper-intensive function that results in high volumes of manual data entry, costly and time-consuming exceptions processes and slow turnaround. Data Dimensions’ AP Capture solution offers financial institutions the ability to reduce costs while increasing efficiencies and customer satisfaction.
 

Data Dimensions takes AP automation to the next level. Our AP automation combines invoice Capture, Management and Integration to give you an end-to-end payables solution. Corporations get one solution for all their AP processing needs – no matter what format invoices are received. Our AP services integrates easily with existing processes and systems, including any ERP system.

The Challenges

 
Manual data entry
73
Routing invoices for approval
57
Resolving errors and exceptions
56
Overall payment costs (staff, processing, etc.)
44
Lost or missing invoices
40
Lack of visibility across invoice-to-pay process
20
 

Our Data Dimensions Accounts Payable services span invoice receipt to payment:

  • Document identification
  • PO and non-PO validation and approval workflow
  • Data capture and extraction
  • Exceptions identification and workflow
  • Business rules

We complement these services with best-in-breed electronic invoicing and payment services through strategic partners, delivering an end-to-end payables solution. With Data Dimensions Accounts Payable you can consolidate all of your paper and electronic invoices onto a single platform. So you spend less time processing invoices and more time on core competencies.

 

Benefits of Data Dimensions Accounts Payable

  • Reduce costs up to 60%
  • Reduce your organization’s physical file storage space by 35%
  • Reduce lost documents by an average of 66%
  • Get the line-item detail you need, without internal manual data-entry
  • Significantly accelerate invoice processing turnaround to eliminate late fees and capture more early payment discounts
  • Improve visibility into outstanding liabilities
  • Provide procurement and treasury with better access to key data
  • Enhance information control and regulatory compliance

How The Process Works

1
 

Invoices are received, prepared and digitized.

2
 

Data is extracted, and business rules are applied to drive workflow.

3
 

Streamlined workflow allows for approval, denial, partial pay or pend.

4
 

Integration is made with existing ERP applications.