top of page

Invoice Digitisation Solution Adoption

In today's digital age, businesses are increasingly looking for ways to streamline their operations and reduce manual processes. One area that can benefit greatly from digitisation is invoice processing. By digitising invoices, businesses can save time, reduce errors, and improve efficiency. In this post, we'll explore how to implement an invoice digitisation solution.


1. Identify the Scope and Requirements of the Solution

The first step in implementing an invoice digitisation solution is to identify the scope and requirements of the solution. This involves determining the types and volume of invoices that need to be processed, the data that needs to be extracted from the invoices, and the accounting or database system that the invoices need to be integrated with.


2. Choose an Invoice Digitisation Solution

Once you have identified the requirements of the solution, the next step is to choose an invoice digitisation solution. There are many options available, ranging from simple OCR (optical character recognition) tools to more advanced software that uses

deep learning algorithms to extract data from invoices. When choosing software, make sure it meets your requirements and is compatible with your accounting or database system.


3. Train the Solution

Training the solution is an important step in the process, especially for AI-driven solutions. You need to train the software to recognize the fields on the invoices that need to be extracted. This step is crucial because the solution needs to learn how to distinguish between different types of invoices and extract the correct data.


4. Validate the Solution

After training the software, the next step is to validate the digitisation output. This will ensure that it is accurately extracting the required data. If there are any errors or issues, you can fine-tune the solution to improve its accuracy


5. Integrate the Solution with Your Accounting or Database System

Once you have validated the solution output, the next step is to integrate it with your accounting or database system. This step involves matching the digitisation output to the historic details and configuring data mappings and setting up workflows to automate the processing of invoices. This will ensure that invoices are automatically processed and integrated into your system, reducing the need for manual intervention.


6. Roll Out the Solution

The final step is to roll out the solution to the rest of the business. This involves training employees on how to use the new system and ensuring that the new processes are properly documented. You may also need to make changes to existing processes to fully realize the benefits of the new system.


In conclusion, implementing an invoice digitisation solution can help businesses save time, reduce errors, and improve efficiency. By following the steps outlined above, you can implement a solution that meets your requirements and integrates seamlessly with your accounting or database system. Consider partnering with a trusted provider, like Flowsets, who can offer ongoing support and maintenance to ensure the solution continues to meet your evolving business needs.

1 Comment


Guest
Mar 16, 2023

Great article, thanks for sharing.

Like
Boost your digital transformation with NO upfront costs. 
bottom of page