Using artificial intelligence and capture automation, data is intuitively extracted from both paper and email invoices using Palette’s invoice capture solution.
Palette’s invoice data capture solution handles both email and paper invoices with OCR with Intellitags and Digital Capture in the cloud. The solution processes files in any format including PDF, EDI, XML, Word, Excel, JPG, TIFF, XML, CSV, and more, with a very high capture accuracy rate for both paper and electronic formats.
95%
Accuracy Rate
For Paper
100%
Accuracy Rate For
Electronic Formats
Many companies handle hundreds and sometimes thousands of invoices a day. It’s not just about collecting the documents and making sure the right person receives them; it’s also about keying the data into the right programs, confirming the data matches, and paying the invoices ASAP to make the most out of early payment discounts.
With invoice data capture automation, invoice processing speeds up considerably as well as reduces manual processing minimizing the risk for human error. By letting Palette’s invoice data capture software handle the administrative work, your employees can focus on exception handling and analysis. The result is lower invoice processing costs and faster Accounts Payable workflows.
“We just didn’t have time to manage all the incoming invoices. But since changing to Palette, we can manage three times the volume of invoices than our previous AP system allowed.”
Manage large invoice volumes with Palette’s secure, compliant invoice-scanning service with advanced OCR and AI digital capture technologies. Our Invoice Scanning & Collection service for higher volumes allows for invoice capture in multiple formats, including physical mail, images, email, fax, PDF documents, EDI, and XML. It combines sophisticated high-speed invoice scanning with advanced form-identification technology to automate the processing of all document types:
Higher Volume Service:
Palette’s Capture Solution seamlessly integrates with your ERP, which means that everything you do in Palette is automatically transferred:
Electronic Format
For electronic formats, your supplier sends the invoice to a specified email address. Palette’s solution extracts invoice data and forwards it to your ERP.
OCR invoice scanning
For paper formats, intelligent OCR invoice scanning extracts the data from the scanned invoice and sends the data to your ERP or workflow.
Trustmark
Palette is trusted by banks and financial institutions in the US and Europe. Accreditations in the US include SOC1, SOC2, HIPAA, ISO 27001, GDPR, and PEPPOL.
Improved structure for your supplier invoices
Maximize the automation of your invoice capture by allowing the system to match invoices with purchase orders or contracts. Direct resources towards exceptions and free up time for higher-value work.
Less risk of mistakes or missing data
Manual data entry is prone to errors. By using automatic invoice capture you can guarantee the data input is always accurate to minimize mistakes which can lead to problems further down the line.
Save time and effort
Not only is manual data entry for invoices prone to errors, it also takes time. Our invoice capture solutions automate manual and repetitive tasks, allowing you to focus on developing your business.
Let us know what problem are you looking to solve.
Palette Software was founded in 1993 in Stockholm and has offices in the United States and the Nordics. Palette solutions are available through a growing network of partners in some 50 countries in North America, Europe, and Australia.