Invoice capturing

Using artificial intelligence and capture automation, data is intuitively extracted from both paper and emailed invoices. 

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Invoice Capture

Using artificial intelligence and capture automation, data is intuitively extracted from both paper and emailed invoices. Palette’s invoice capture solution has a data capture accuracy rate of 95% for paper, and a 100% accuracy rate for electronic formats.

95%

Accuracy Rate
For Paper

100%

Accuracy Rate For
Electronic Formats

“We searched for a flexible purchase-to-pay solution that could help us control purchasing and secure supplier loyalty, and that would also live up to our internal authorization framework.”

Properties of our invoice capture solution

Using artificial intelligence and capture automation, data is intuitively extracted from both paper or emailed invoices eliminating time-consuming and costly manual data entry. Palette’s invoice capture solution is capable of automatically and intuitively detecting and learning unique supplier invoices based on their respective layouts.

01

Handles paper and all electronic formats: PDF, EDI, XML, CSV, HTML, TIFF, JPG, PNG, DOC, XLSX. etc.

03

Data is intelligently extracted and flowed into the Palette central dashboard.

02

The invoice capture software instinctively learns invoice layouts and data fields and stores them in a database

04

100% accuracy data capture for electronic invoice formats— with no added cost for suppliers

05

95% accuracy data capture for scanned paper invoices

06

Easy-to-use and intuitive browser-based interface

Why choose Palette’s invoice data capture solution?

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:

  • Leading-edge technology without the need to purchase costly equipment and software
  • Documents are tracked in real time with full transparency from point of receipt to delivery

Higher Volume Service:

  • Six Sigma® methodologies to ensure the highest level of quality
  • back-up/redundancy for disaster recovery
  • compliance with GLBA, Fair Credit Reporting, SEC, and HIPAA

Seamless integration with your ERP

Palette’s Capture Solution seamlessly integrates with your ERP, which means that everything you do in Palette is automatically transferred:

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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.

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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.

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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.

Benefits of using our invoice capture solution

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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.

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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. 

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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.

You also might be interested in

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Landstar benefits from automated invoice processing with Palette
Landstar System, Inc. is a transportation services company specializing in logistics and more specifically third-party logistics.
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4Service chooses to grow with Palette
4Service was founded in 2010 and is one of the Nordic region’s leading providers of facility management services in building, cleaning, property management, personnel restaurants and offshore.
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Clas Ohlson Automates AP with Palette
One of Sweden’s best-known retailers, Clas Ohlson, operates around 200 physical stores in Sweden, Finland, Norway, Germany, and England.

Are you ready to take the next step?

Let us know what problem are you looking to solve.