Steps

1.

Supplier Identification

- Name, address, fax, bank details etc. are sought on the document
- The information is compared with the supplier master data in the ERP system
- The reconciliation is carried out in the so called "fuzzy server" and is fault tolerant.

Highlights:

- Invoice recognition from installation
- No expense for setting up, configuring and programming
- Reading from different account types
- Traceability of the processing steps
- Ergonomic user interfaces
2.

Reading the data

- Invoice number, date or amount are extracted
- FrontCollect Invoice uses its "intelligence" - rules and knowledge base (Knowledge Base)
- With this set of rules also a previously unknown form of an invoice can be read at once
- Finding the information is possible via structure and appearance of values , using keywords and - calculation rules
- Invoices from a new supplier can immediately be read

Highlights:

- Easy integration into the SAP R/3 System
- Recognizing invoices with and without purchase order reference
- Distinction between single- and multi-sided documents
- Application of the applicable VAT rates
- Processing of different languages and country-specific rules
3.

Expansion of the knowledge database

- FrontCollect Invoice extracts the requested information also from unknown invoice layouts and learns them automatically
- If the set of rules has not found a certain value, this invoice is forwarded for further processing
- The adaptation and maintenance effort for the introduction and during operation is very low

Highlights:

- Acceleration of processes
- Reducing costs
- Optimized financial controlling
- Additional benefits through punctual payment management

FrontCollect Invoice

ProCess

Steps

Supplier Identification

Reading the data

Expansion of the knowledge database