a complete solution for invoice processing cloud by … · 4 reduce invoice processing times and...
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Invoice processing a crucial stake
Cost control at every stage is one of the main missions of any organization with an ambition to strive for success. As such the processing of incoming invoices has long been a major focus of attention, as a labor-intense and expensive business operation, yet critical to efficient cash flow management and audit-ready bookkeeping. Its timely execution also has financial repercussions with suppliers and, by extension, with every partner of the organization. All in all, processing an invoice costs an average of 9.501, while 49% of the overall administration time is spent on data entry into your accounting systems2.
For years, I.R.I.S. has been helping its partners deal with those issues thanks to automated Invoice Processing. It is now time for more.
21st century business: faster, mobile, integrated, unified
Our increasingly technological corporate world adds new challenges to those previous considerations, as accounting data needs to be extracted, validated and integrated into the companys approval workflows and back-end systems faster and more securely than ever.
One of the first answers is mobility a concept with a bright future, pushed into the professional world thanks to Cloud computing - nothing less than a revolution in the workplace.
A document management pioneer, I.R.I.S. complements those promising technologies by bringing invoice capture to the Cloud with IRISCloud Invoice, offering benefits such as:
4 Dealing with the multiple channels incoming invoices may come from today (paper, email, MFPs and more).
4 Allowing for approval workflows to be carried out from mobile devices anytime, anywhere.
4 Granting faster access to accounting information.
4 Integrating mobility naturally into existing business processes.
I.R.I.S. S.A. : Rue du Bosquet 10 1348 Louvain-la-Neuve Belgium Tel.: +32-(0)10-45 13 64 Fax: +32-(0)10-45 34 43 [email protected] www.irislink.com
Copyright 2011 I.R.I.S. s.a./n.v.All rights reserved for all countries. I.R.I.S., the names of I.R.I.S. products, the I.R.I.S. logos and the logos of I.R.I.S. products are trademarks of I.R.I.S. All other names and products mentioned are trademarks or registered brand names of their respective owners.
A complete solution for invoice processing in the Cloud! IRISCloud a global Cloud computing strategyby I.R.I.S.
Cloud computing brings an ideal environment for mobile devices, as an online service that doesnt require any installation or maintenance just an internet connection. It is available anytime, anywhere and doesnt depend on the devices processing power. Success is immediate. Mobile devices quickly go from private use to professional use in leading industries of various fields, such as accounting, audit and law firms, industry, and more.
Still the entrance of devices limited by bandwidth and memory in the Document Management world is a complex challenge. This brand-new and promising market needs pioneers, and I.R.I.S. answers with its one-of-a-kind hyper-compression technology, and its comprehensive experience in all the facets of Document and Business Process Management, offering advanced functionalities for mobile devices, such as:
4 Invoice Processing.
4 Text Recognition, Document Creation & Compression.
4 Digital Mailroom.
4 Document and Business Process Management.
IRISCloud a new, mobile vision of the workplace
The IRISCloud platform is aimed at offering a new, more efficient and more pleasant way of working by allowing professionals to use their tablet to:
4 Access the companys repository through easy navigation.
4 Find documents with full text search according to their user rights and roles.
4 Perform workflow tasks assigned to them.
4 Select favorite documents or folders and synchronize them for offline consultation.
4 Edit and annotate documents thanks to versioning.
4 Distribute documents and notify co-workers.
4 Enjoy seamless integration to the companys ECM systems.
4 all the while in a secure environment thanks to the I.R.I.S. Data Centers.
& Approval, Export
to ERP, Archiving
When the Cloud meets Document Management
IRISCloud Invoice comes with a unique value proposal structured around a complete solution, from scanning to export to back-end systems such as ERP, Document Management Systems, Accounting applications, and more.
As Cloud computing doesnt require any local installation, the solution is very easy to deploy. Using it couldnt be easier either, since Web access makes it available from any device, including Android or iPad tablets.
IRISCloud Invoice is developed exclusively from I.R.I.S. proprietary technologies, maintained by I.R.I.S. professional services teams. As such, it gathers a unique blend of expertise.
4 A variety of upload mechanisms from any scanner (directly into the Cloud or piloted by I.R.I.S. scanning client, connected to the
Cloud). from any MFP. from email. through file upload.
4 Advanced workflows for data capture and invoice approval thanks to the most accurate invoice recognition engine on the market. able to process invoices from Europe, Australia and the USA. able to deal with multiple VAT rates (sales tax). featuring unique technologies for the processing of line items.
4 Sophisticated Web access featuring user-friendly interfaces for classification (if not performed previously). data extraction and validation. approval workflows: included (ex: accounting validation, line item dispatch, payment approval,
invoice release, requests for credit) or customizable on request. consultation: search, view, annotate, email invoices, or send hyperlinks. administration: workflow execution monitoring, Manage users & groups, Perform advanced
4 Advanced distribution and consultation easy connection to a variety of ERPs. generation of hyper-compressed PDF and PDF/A files. secure storage in dedicated servers at the I.R.I.S. data centers.
IRISCloud Invoice is a complex solution that combines invoice processing and classification, based on a 100% scalable and customizable private Cloud approach that can be expanded well beyond the Accounts Payable department, to accommodate any current or future need.
4 Workflow customization for both Data Capture and Approval.
4 Private Cloud with one dedicated server per customer, with multiple data center services options (backup, security levels, and others).
4 Integration into third-party applications through a variety of APIs (.NET, Java, Web services...) with many possibilities with regards invoice/batch upload, search, download, Master data upload, workflow edition and user management.
The key benefits
4 Reduce invoice processing times and costs even further thanks to the benefits of mobility. Invoice Capture and Approval workflows accessible anytime anywhere (incl. Android
and iPad tablets).
4 Enjoy the highest recognition rates with the most complete solution on the market. non-template based. line items management (recognition and approval). support of multiple VAT rates (sales tax).
4 Improve supplier relationships.
4 The highest recognition rates with the most complete solution on the market.
4 Keep your bookkeeping audit-ready at all times.
4 Increase security for sensitive and classified information. secure and distributed access to data capture and invoice approval over HTTPS.
4 Bank on previous investments and plan for the future. fully integrated with any scanning device and back-end systems. fully scalable and customizable.
4 Benefit from years of expertise with I.R.I.S. Professional Services. fast implementation and optimized support. broad bandwidth. limited risks.
4 Improve staff productivity and satisfaction.
A private Cloud,
that adapts to your
needs and grows with
Optimize cash flow
better visibility on
with the most
complete solution on
IRISCloud Search, view, annotate Send invoices by email Or send hyperlinks
Classification, Indexing & Validation
Import Distribution & Consultation
Easy online validation
Line items, multiple VATs
Supplier, invoice#, amounts
511,13 $ 36,27 $
Browser Applications Email
Paper MFP scanner Online scan
Electronic File upload From email From your system