Invoice Processing Automation
For an employee within the financial department of a business, invoice processing can be a laborious and time-consuming process. It’s estimated that when this process is done manually, companies pay $12 to $17 for each invoice to be approved. This can add up as the average small business gets about 40 invoices a day, totaling to more than $125,000 a year spent on invoice processing alone.
To process an invoice an employee needs to transfer information from invoices like a dollar amount or the date into an invoice capturing system. With Automation Hero, this process can easily be automated.
First, an employee sends all invoices attached as an email to the Automation Hero backend, which will scan all attachments. Its AI model will extract all information from the invoices including amount, date and vendor. Once it’s completed processing the data from the invoices, it will email the user alerting them that all data has been prepared and that a clickbot can now be triggered to input all that information into the invoice processing system.
Our video shows how you can easily create this end-to-end automation of an invoice processing workflow using Automation Hero’s suite of tools.