overview abbyy flexicapture for invoices abbyy ukraine sergey osypenko

Overview

ABBYY FlexiCapture for Invoices

ABBYY UkraineSergey Osypenko

2Confidential

ABBYY ON THE GLOBE

Founded in 1989More than 1200 employees in 14 offices worldwide

North American HQ European HQ

International HQ

Eastern European HQ

4 CORE TECHNOLOGIES

3

Text recognition

Document analysis

Lexicography (dictionary creation)

Semantic

4Confidential

Did you know that…

● 70% of invoices are received on paper

● One invoice can be copied up to 5 times over its manual processing lifecycle

70% 30%Paper

e-InvoicePDFFax

● 35% of companies are receiving invoices at multiple locations

5Confidential

Typical drawbacks of manual invoice processing

Delayed or lost invoices

Long invoice processing cycle

Missing visibility & tracking

Missed benefits of early payment Late payment fees High cost of manual

labor

Time inefficiently spent on data

keying and checksHigh operational

costs

6Confidential

Did you know that companies which opted for AP automation report…

● More than 2 times reduction in invoice processing costs

● More than 50% faster invoice processing cycle

Reduced processing

costs

Faster processing

cycle

+50%

x2

LEGAL ASPECTSInvoice Processing

8ABBYY FlexiCapture for Invoices. Training course. Overview

Why Invoice Processing?

● Invoice processing is part of the purchase (procure) to pay (P2P) process and covers the process from Reception of an invoice until the Payment

● The focus of the accountant is ● Legal compliancy: are all national requirements on a compliant

invoice met● Calculative Correctness: is the invoice arithmetically correct; is

the vat amount correctly calculated● Factual Correctness: are the price, quantity and quality as

expected/ordered; detection of fraud● Paying in time: get early payment discounts and avoid late

payment fees

Capture Enable Process

Invoice Automation Process

Mail E-Mail Fax MFP

ArchiveDestroy Store Validate Notify

FC for Invoices

9

10ABBYY FlexiCapture for Invoices. Training course. Overview

AP Automation FeaturesExtract Data

Invoice number and date

Name and complete addressof buyer

VAT number of supplier andbuyer

Delivery date of goods/services Purchase order data Line items: description of goods,

quantity, VAT rate, unit and total price

Currency, subtotal, VAT rate, VAT amount, total

Bank details

PRODUCT OVERVIEWABBYY FlexiCapture for Invoices

12

What Is ABBYY FlexiCapture for Invoices?

● Easy-to-use, intelligent ready-to-go solution for processing invoices● identifies data fields on the vast majority of invoices● helps to ensure legal compliance and consistency of data, facilitate

invoice approval, and detect misbilling

● based on the powerful ABBYY FlexiCapture platform ● includes intelligent on-the-fly Auto-Training technology

ABBYY FlexiCapture for Invoices. Training course. Overview

13ABBYY FlexiCapture for Invoices. Training course. Overview

Invoice Capture Process

ABBYY FlexiCapture for Invoices. Overview

Invoice Capture Process

ARCHITECTURE TYPESABBYY FlexiCapture for Invoices

16ABBYY FlexiCapture for Invoices. Training course. Overview

Standalone architecture

17ABBYY FlexiCapture for Invoices. Training course. Overview

Distributed architecture

BENEFITS & FEATURESABBYY FlexiCapture for Invoices

19ABBYY FlexiCapture for Invoices. Training course. Overview

Benefits & Features

Ready-to-Run

20ABBYY FlexiCapture for Invoices. Training course. Overview

Benefits & Features

Flexible

21ABBYY FlexiCapture for Invoices. Training course. Overview

Benefits & Features

Ready for Tight Integration

22ABBYY FlexiCapture for Invoices. Training course. Overview

Benefits & Features

Multi-Channel Input

23ABBYY FlexiCapture for Invoices. Training course. Overview

Benefits & Features

Trainable

24ABBYY FlexiCapture for Invoices. Training course. Overview

Benefits & Features

Well-Designed Verification UI

25ABBYY FlexiCapture for Invoices. Training course. Overview

Benefits & Features

Automated PO and Master Data Matching

26ABBYY FlexiCapture for Invoices. Training course. Overview

Benefits & Features

Straight-Through Processing

Input Recognition & Validation

Data review & Correction

Delivery to back-end

Touchless processing

27ABBYY FlexiCapture for Invoices. Training course. Overview

Benefits & Features

Ready for Large Companies and International Businesses