Invoice scanning and data capture can be a cost saving solution for businesses. In the current financial climate, we're all looking for ways to reduce costs, so here's a few facts about how scanning your invoices can save your organisation money.
You may not have thought about the cost of processing invoices before, but it can cost up to £20 just to process one invoice. You may have multiple departments entering the same data into different spreadsheets and systems for their own budgeting purposes.
Businesses process hundreds or thousands of invoices and financial documents on a monthly basis, spending extensive time on manual data entry and processing. In large organisations invoices often get lost and can be sent to multiple departments to resolve, if no purchase order is provided.