OCR invoice scanning (Optical Character Recognition) is what most people think of when they hear supplier invoice automation. Scanning is very old technology, which dates back to the 1930’s and was often used by banks to read bank account numbers on cheques. Although the technology has improved, is it still reliable?
Keeping your invoices organized can be an overwhelming task, but with OnePosting there are endless ways in which you can improve your invoice management with these accounts receivable practices.
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For many accounts payable teams, data entry is a regular and archaic practice.
With a solution like OnePosting, accounts payable data entry can be reduced. For many accounts payable teams, data entry is a regular and archaic practice and there are various reasons why some businesses still use manual data entry, which we will discuss later on. It is important to understand the risks that come with manual data entry, and that they can have a negative impact on your business. With an invoice automation solution like OnePosting, you can reduce accounts payable data entry and use the power of automation to empower your team, and also grow your business.
Continue reading Problems with Accounts Payable Data Entry