Are your paper accounting processes dragging you down?
Are you looking for a way to streamline your accounts payable processes and file your invoice, purchase orders and contracts electronically? Biel’s has the solution: AP Automation is a combination of invoice processing automation and efficiency-based features within our document scanning and capture application that allow you to breeze through scanning invoices, capturing invoice information, posting data and archiving invoices for later access.
We provide solutions for every budget, that can easily be expanded once an organization gets digital invoice processing underway. With AP Automation, you can automatically collect invoice information, such as vendor, invoice number, total and date. You can easily enter or correct data with just the click of a mouse.
Once complete, AP Automation provides more than 60 connectors to industry document management systems. Exporting invoice data is also a breeze with our data export migrations.
To learn about the 8 Great Benefits of AP Automation, download our free e-book now!
- Optical Character Recognition (OCR)
- Advanced Data Extraction (ADE)
- Automated Classification
- Quality Assurance
- Convert scanned invoices to searchable PDFs.
- Automatically extract invoice information.
- Automated classification of vendors for easy information gathering.
- Simple, effective spreadsheet view to validate invoice information.
- Exportation of invoice information to standard formats.
AP Automation Helps Koike Aronson Work Smarter, Not Harder
Koike Aronson, was founded in Tokyo, Japan in 1918 and made its way over to the United States in 1970, opening an office in Texas. Koike has over 90 years of experience as a manufacturer of quality metal cutting, welding and positioning equipment. This equipment can be used on a variety of materials such as steel, stainless steel, aluminum, granite, marble etc. They also manufacture quality gas apparatus which provides safety to those operating their equipment.
Koike’s experience and high quality machinery led to their success within the industry, but with so many invoices and receipts it was a lot of work to keep everything organized. Read more…
How about this for an ROI?
Biel’s client averaged 1,500 invoices per month and calculated their cost to process an invoice was $3.69. This includes costs to retrieve/open mail, data entry and shredding.
Biel’s was able to complete replace their invoice processing with our AP Automation system at a cost of $2.50 per invoice.
Monthly Cost = $5,535
Yearly Cost = $66,420
With Biel’s AP Automation:
Monthly Savings = $1,785
Total Yearly Savings = $21,420
- Monthly Savings 83%
- Yearly Savings 68%