Banking

Kapture for Accounts Payable

Making payment cycles quick, trackable with near to zero manual interventions for the SMEs

Ideal for accounting firms, accounting teams, finance teams and Accounts Payable teams across small business, Mid-Size enterprises

One-click integrations with

Comming Soon

Overview

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.

Platform that fulfills all your needs

Benefits

accounts payable platform reducing manual efforts

Minimize Manual effort

Intelligent document processing Data entry

Data search and discovery Approvals

Intelligent email classification Calls & emails status update

Intelligent email classification Reconciliation

Reducing

Intelligent document processing Cost of accounting

Data search and discovery Turnaround time for invoice processing

Optimised

Intelligent document processing Payables and receivables process

Data search and discovery Information management

Works with

Intelligent document processing Your existing accounting software

Data search and discovery Providing complete audit logs

Customers achieve

Benefits

Full visibility

Full visibility of accounting process for better complaince

Faster processing

Faster processing times ensuring all invoices are processed within SLAs Service level agreement

Significant ROI Return of Investment

Typically customers achieve a significant ROI Return of Investment within 6 months

Reduced cost

An average 75% efficiency gains achieved

Invoice process automation in action

Clean flow for high productivity

Accounts Payable in action Invoice processing

Kapture automation in action

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)

Verification of supplier details
Matching invoice against POs Purchase order
2 – 3-way matching
Internal approvals and payment terms
External compliance
Checks and measures including duplication, data validation and values add up to totals etc

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.

Customers onboarding

5 steps to simple onboarding

Step 1

Connect

Connect your accounting tool or ERP Enterprise resource planning and incoming email channels

Step 2

Configure

Configure workflow, approval process & Set values to extract

Step 3

Three way match

Three-way match and perform business rule check

Step 4

Voucher creation

Automated voucher creation after vendor reconciliation(optional)

Step 5

Accounting

Update your accounting ERP Enterprise resource planning with voucher with due date

Key kapture AP Accounts payable features

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

Reporting & dashboards

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

Integration coming soon

Kapture has a wide variety of integration capabilities to ensure that all information is validated, verified and delivered to business-compliant systems

Find out the whitepapers

Read how successfully we have partnered and impacted their businesses

Generic

As organizations seek to reduce costs and improve efficiency, paper-intensive processes such as Accounts Payable (A/P)

SME

Until recently, Accounts Payable (AP) automation initiatives were largely limited to Fortune 1000 companies

Health care

In an era in where uncertainty and volatility are widely recognized as business norms

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BPO's

Government

Health Care

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ECommerce

Manufacturing

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