ADVANCED DATA AUTOMATION FOR INVOICES
Invoice Automation Software
Our solution delivers 100% accurate movement of data from invoices into your business software.
We extract data straight from the data layer of your invoices, so its 100% accurate
At Advanced, we believe unlocking accurate data enables businesses to realise their potential. Our Advanced Data Automation solution provides businesses with a tool to ensure 100% accurate automation of documents across finance and procurement meaning you spend less time and resources on your documents. With Advanced Data Automation for Invoices, invoices are processed by you without human touch, bringing efficiency savings including reduced operating costs, greater data transparency, and eco-friendly, paper-saving benefits, as well as enabling digital transformation and scalability.
We provide finance and procurement teams with the tools to capture, process and match data which is 100% accurate.
We understand and solve your key issues
We build products which are designed to solve our customers key challenges.
- Doubts over data accuracy
Not having data accuracy means the books can never be balanced. For finance teams, being clear on business performance is more important than ever before to plan ahead and be strategic. In an uncertain external environment having control of the data in your systems is one of the key things to make forecasting and planning easy.
- No data insight
Another consequence of inaccurate data is not having insight into financial performance and budget. Finance teams can’t track cashflow effectively if they are always second guessing the numbers.
- Lots of human invention to process documents
For many businesses, misinformation in systems leads to wasted time on lengthy processes. While many finance teams may already have an integrated invoice capture solution in place – the vast majority end up having to manually check these as they are often inaccuracies more often than not. This means invoice automation is not automated at all – and teams end up double entering data.
- Struggling to map to compliance requirements
Finance teams have many regulations they need to adhere to and this can vary depending on this size and sector your organisation is in, for many just thinking about compliance can be a complex operation in itself. Ensuring invoices are compliant, accurate and paid in a timely manner is a priority for many finance teams to ensure ongoing compliance to e-invoicing regulation which is becoming mandatory across Europe.
- PEPPOL processes adding complexity
PEPPOL for invoicing is a standard across the EU, however it does slow down how quickly you can get your invoices processed, as these need to be sent out to be PEPPOL approved before they are processed. We handle this entire process so you don’t have to lift a finger, giving you a truly end to end experience.
Easy access via Cloud
100% data accuracy
Integrates with finance systems
Faster invoice processing turnarounds
Instant access to invoices online
End to end experience
How our software can help you
FEATURES & BENEFITS
Flawless data quality
There’s no room for error when it comes to your data
Data quality with 100% accuracy
Our industry leading technology does invoices differently to your usual e-invoicing.
Advanced Data Automation captures, extracts and validates data from inbound invoices from emails with 100% accuracy, before automatically inputting it into your Financial Management System (FMS). We read your documents directly at the data layer which allows for us to be confident in ensuring the accuracy of your processed invoices.
Validation and enrichment
Having to manually check your data defeats the purpose of automating your invoicing processes
As much as 40% of invoices take 2-4 days to be processed through, this can be elongated with having to do manual checks and inefficient semi-automated systems (which often cannot guarantee accuracy). With Advanced Data Automation, you do not rely on character recognition – information is taken direct. We also enrich the data, so that even if the structure of data isn’t how you need it, you still get the information that you need, in the right format for you.
Real time processing
Information can often get stuck in bottlenecks. Not with us
Removing the need for manual input
We remove slow, error prone manual input, with flawless data accuracy so you can receive receipts in minutes. You can also setup bespoke business rules so you extract data exactly the way you want it. Advanced Data Automation can manage all your data capture needs: header-level invoices, line-level invoices, and more complex documents such as supplier statements, all this processed in real-time 24/7.
Security and compliance
It’s no good providing flawless data accuracy if your data isn’t kept safe!
Certified to ISO 27001
Our patented software for Advanced Data Automation is certified to ISO 27001. This is hosted on Microsoft Azure to provide world-class levels of security. This has the benefits of making your data easily accessible by you – and you only. So you can rest assured that your information is stored safely and remains compliant, whilst being available on enterprise level Cloud technology to give you fast efficient access from anywhere.
We handle the things you didn’t consider
Complete end-to-end experience
PEPPOL is a standard across the EU, it is used for the secure transfer and retrieval of electronic business documents however it adds an extra step in processing your invoices. Documents need to be sent to be PEPPOL approved before they can be sent to processing. With Advanced Data Automation, we handle this process providing a complete end to end experience for you.
We get a better understanding of you and your business to drive your onboarding experience towards success.
We build a plan of action for your journey to go-live with due dates and owners.
Working through the action plan, we execute the plan with you and get you ready to adopt Advanced Data Automation for Invoices.
Congratulations you’re live! This is where our Customer Success program really kick in to provide you more value and make sure you are maximising your chances of reaching your goals.
"Within just 3 months, 65% of targeted invoices are already being sent electronically and received directly into the processing environment within a couple of minutes of the supplier sending it."
— Finance Assistant Director, NHS Foundation Trust
Featured resources for you
How do electronic invoicing methods compare?
Download our whitepaper as we outline the three main types of electronic invoicing methods and consider the strengths and challenges of each – considering the ease of installation, on-boarding rates, data accuracy, and the costs involved for your business and your suppliers.
HOW CAN WE HELP?
Hi, we are Advanced. Talk to us.
The future of invoice automation is bright with Advanced Data Automation
Experience the rich capability of Advanced Data Automation in action. Book a demo with us today.
Call us at0330 343 8000