Ideal for accounting firms, accounting teams, finance teams and Accounts Payable teams across small business, Mid-Size enterprises
The finance operation within a business, especially that of an Accounts payable (AP) team carries a high level of responsibility to ensure invoices are correct, approved and paid on time. Yet the tasks carried out by the Accounts Payable clerks are time-consuming, repetitive and sometimes error-prone.
With kapture for Accounts Payable, these tasks can be streamlined through API connectors, learning systems powered by keito kapture, OCR Optical Character Recognition and simple and one-click integrations to accounting softwares and necessary enterprise integrations delivering a simpler and more efficient Accounts Payable system. We also improve processing time, compliance, supplier and vendor relationships and opportunities for early payment discounts.
Benefits
Data entry
Approvals
Calls & emails status update
Reconciliation
Cost of accounting
Turnaround time for invoice processing
Payables and receivables process
Information management
Your existing accounting software
Providing complete audit logs
Benefits
Full visibility of accounting process for better complaince
Faster processing times ensuring all invoices are processed within SLAs Service level agreement
Typically customers achieve a significant ROI Return of Investment within 6 months
An average 75% efficiency gains achieved
Clean flow for high productivity
Kapture is able to process all invoices regardless of how they are received including paper (post), email attachments, fax and EDI Electronic data interchange . It is able to read and process all formats, structured, semi-structured and unstructured ensuring all invoices you receive follow a single process through kapture. Kapture extracts all key data required including supplier information, product descriptions, PO Purchase order number, invoice number, Net, VAT value-added tax , gross values, date etc.
Once kapture for Accounts Payable has extracted the data it is able to carry out further tasks to validate data including (but not limited to)
Automatically identifying the approval for their department from emails, or from workflow configuration within kapture. These approvers are communicated via email on the status of their invoices.
5 steps to simple onboarding
Connect your accounting tool or ERP Enterprise resource planning and incoming email channels
Configure workflow, approval process & Set values to extract
Three-way match and perform business rule check
Automated voucher creation after vendor reconciliation(optional)
Update your accounting ERP Enterprise resource planning with voucher with due date
How will AI Artificial intelligence technology will assist your organizations to be future-ready
Header and line item data extraction
Continual process automation with self-learning AI Artificial intelligence algorithms and analytics
Bespoke email and approval workflows and multi-step process approvals
Invoice splitting, duplicate checks, and prevention
Secure document archive for easy access and compliance
Import and export across ERP Enterprise resource planning and accounts softwares sent for human validation and approval
Kapture dashboards and reports provide organizations with visibility of processes and people. Enabling monitoring of costs, quality, capacity and productivity leading to greater control. Kapture provides analytics and insights into. All information is kept within a secure environment with appropriate access granted. Kapture provides organizations with a simple and powerful way to bring together documents into a secure repository and create reports for management information
Data audit trails
Process insights
Performance analytics
Kapture has a wide variety of integration capabilities to ensure that all information is validated, verified and delivered to business-compliant systems
Read how successfully we have partnered and impacted their businesses
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