30
Invoices processed per hour
Overview
Enterprise-grade businesses receive tons of invoices from different vendors daily in varying templates and formats with different details. To deal with the influx, businesses need a robust solution to streamline the invoicing process.
The most common business process involves manually importing the files, reviewing them, and extracting the details to be filled in Dynamics 365 Finance & Operation, which is time-consuming and prone to error and significantly impacts business productivity and efficiency.
At Imperium Dynamics, we will help you configure and implement an invoice capture solution with Dynamics 365 Finance and Operation to automatically populate vendor invoices from digital invoice images, powered by OCR and AI, automating the process and freeing the time resource is utilizing to add it in the F&O manually.
70-80%
Faster processing
$12-$15
Saved per invoice
Timeline
Price
Process Flow
Process Flow for Populating Vendor Invoices in Dynamics Finance & Operation.
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Import
Import from compatible storage sites (Outlook, Outlook business, SharePoint, OneDrive) lying within the Microsoft ecosystem via Power Automate trigger.
Process, Capture and Extract
Let “Invoice Capture Solution” process the digital invoice through Optical Character Recognition to capture, extract and populate the invoice details in F&O.
Review
Review the captured and populated details through ‘start review’ tab to ensure details captured are in accordance with the vendor invoice captured in storage site and as per the vendor policy. In case of discrepancies, edit the information to reflect the right information.
Transfer
Post review, data will be synced back to Dynamics Finance and Operation for utilization in further business processes.
Why Your Business Needs This Service
Increased Efficiency
By automating the invoice processing workflow, businesses can significantly reduce the time and effort required to handle invoices manually. This leads to faster processing times and allows employees to focus on more strategic tasks.
Scalability
The automated invoice capture solution is scalable and can handle large volumes of invoices without compromising efficiency, allowing businesses to scale operations seamlessly.
Reduced Errors
Manual data entry is prone to errors, which can lead to costly mistakes and discrepancies in financial records. With automated invoice capture powered by OCR and AI, the risk of errors is minimized, ensuring accuracy and reliability in financial transactions.
Improved Compliance
Ensures that all invoices are processed consistently and according to predefined rules and regulations. This helps businesses maintain compliance with internal policies and external regulatory requirements.
Enhanced Productivity
By eliminating manual data entry tasks, employees can allocate their time and resources to more value-added activities that contribute to business growth. This boosts overall productivity and efficiency within the organization.
Enhanced Visibility and Control
With the application integrated with Dynamics Finance and Operation, businesses gain real-time visibility into invoice processing status and financial metrics. This enhanced visibility enables better decision-making and greater control over financial processes.
Scalability
The automated invoice capture solution is scalable and can handle large volumes of invoices without compromising efficiency, allowing businesses to scale operations seamlessly.
Improved Compliance
Ensures that all invoices are processed consistently and according to predefined rules and regulations. This helps businesses maintain compliance with internal policies and external regulatory requirements.
Enhanced Visibility and Control
With the application integrated with Dynamics Finance and Operation, businesses gain real-time visibility into invoice processing status and financial metrics. This enhanced visibility enables better decision-making and greater control over financial processes.
How Imperium Can Help
Still unsure why your business needs Invoice Capture Solution with Dynamics 365 F&O. No worries, book a consultation session with our experts.
Contact Us