Invoice Processing Services

Introduction

Our client was a regional distributor of fresh produce that followed manual data entry routing for approvals. This process was time-consuming, error-prone, and labor-intensive. So, the finance department struggled to keep pace with the workload, leading to payment delays and frustration.

Solution

After our keen assessment of their workflow, we learned they need an upgrade. OODE proposed our invoice automated service to streamline their workflow with an automated model. Our integration team proposed an electronic approval model followed by custom software and OCR technology that automatically captures key elements of invoices, such as vendor names, figures, etc.

Results

• We eliminated the manual data entry process by reducing the processing time of invoices.
• Data entry errors and typos were reduced by integrating a personalized automation model.
• The finance team was able to focus more on strategic tasks such as financial analysis and vendor relations.
• A great deal of confusion and delays were eliminated with our proposed model.

Introduction

Our client was a growing software development company that focused on invoices manually. As their business grew, their invoice volume was off the charts. As a result, the manual process hindered their ability to scale efficiently.

Solution

After our assessment, OODE propped up a cloud-based invoice automation model to handle increasing invoice volumes. We crafted a custom self-service vendor portal where vendors can easily submit invoices. In addition, we integrated an online payment solution that ensures a faster and more secure payment.

Results

• OODE’s cloud-based solutions seamlessly accommodate invoice fluctuations without compromising on quality.
• The automation model eliminated manual data entry and errors related to human intervention.
• The self-service portal enhanced real-time visibility, collaboration, and communication with vendors.
• Automated payments improved the cash flow visibility and control.