ABBYY Flexicapture for Invoices - Transforming business documents into business value. Remove friction from document-intensive processes.
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ABBYY FlexiCapture For Invoices
ABBYY FlexiCapture for Invoices offers a ready-to-use application for automating the invoice processing workflow. This application effectively minimises inefficiencies, errors, and expenses linked to manual invoice handling by eradicating the need for data entry and the physical management of paper invoices. FlexiCapture for Invoices automates the tasks of capturing invoices, recognizing them, extracting information from fields, and validating data. Additionally, it simplifies the seamless processing of invoices based on purchase orders.
ABBYY FlexiCapture for Invoices - Features and Benefits
Best-in-class Accuracy
Best-in-class accuracy
Leverage ABBYY’s award-winning, AI-driven recognition neural networks and machine learning technologies to provide unparalleled accuracy. FlexiCapture for Invoices can locate invoice data within the most complex documents through multiple approaches of functionality.
Out-of-the-box Processing
Out-of-the-box invoice, receipt, and PO processing
Run ready-to-implement projects for invoice, purchase orders and receipt processing. Commercial invoices can be also processed with ABBYY FlexiCapture for Invoices. Main fields are extracted out of the box, without the need for any additional configuration.
Ready to Use and Flexible
Ready to use and flexible
Automate invoice processing almost immediately—without a long or difficult deployment. The solution is pre-configured to identify required data fields, and out-of-the-box settings are easy to adjust to the unique rules of the business. FlexiCapture for Invoices is available on premise or in the cloud.
Training of Suppliers
On-the-fly training of new suppliers
In the event that FlexiCapture for Invoices cannot initially locate new supplier invoice data, a machine learning function teaches the program where to find new data during normal operations, eliminating the need for constant configuration. Configuration is based on algorithms and keywords rather than templates so the information can exist anywhere on the page and the software can recognize it.
ABBYY FlexiCapture for Invoices - Benefits compared to manual processing
How it works
How it works
ABBYY FlexiCapture is a highly accurate and scalable document workflow platform that intelligently captures, classifies and transfers critical data from unstructured and structured documents to the right process, workflow or decision engine.
Automated Document Entry
Automated document entry
ABBYY FlexiCapture automatically processes all types of documents from files and scanners in a single flow, including office documents and image formats, email attachments and message bodies.
Digitally born office documents can be processed with:
- Microsoft Office if it is installed, its use is allowed in the settings, and a valid login and password have been provided.
- LibreOffice if it is installed and its use is allowed in the settings.
- The built-in converter if none of the above can be used.
Automatic Document Classification
Automatic document classification
The neural-based automatic document classification technology enables sorting of documents by types (e.g., driver license, bank statement, tax form, contract, invoice, etc.) and custom subcategories (e.g., invoices from vendor A, invoices from vendor B, etc.) by text content and image patterns.
It learns quickly and easily, enabling it to perform as an auto-classifier – just provide a set of sample documents (no fewer than 10 documents of each type) and specify reference classes for each document in the set. Not only does it define a document type, but also selects a correct document definition for further content processing.
For many real-life scenarios, the precision/recall ratio can be adjusted easily: simply prioritize either recall or precision, or use the “balanced” mode.
Recognition
Recognition
At the recognition stage, document images are assembled into multi-page documents or document sets. Their content and data are intelligently extracted and validated automatically in an unattended mode.
Automatic assembly: multi-page documents out of pages can be done either by separators (e.g. blank pages inserted between the two documents), page counters, or with the help of ABBYY neural-based classification algorithms that automatically identify.
ABBYY FlexiCapture runs consistency checks to ensure all case-related documents are assembled correctly into a full document set.
Highly accurate OCR/ICR/OMR and barcode recognition incorporating optical character recognition of printed text in up to 200 languages, including CJK; intelligent character recognition for hand-printed text in over 130 languages; barcode recognition for a variety of 1D and 2D barcodes; and optical mark recognition for a wide range of checkmarks.
Automatic validation includes comparison against databases, conformity with built-in validation rules, compliance with formats, data normalization and user-defined checks.
Data Extraction
Data extraction
ABBYY FlexiCapture automatically extracts data from a variety of paper or digital-born document types, structured and unstructured, such as mortgage applications, tax returns, questionnaires, credit card applications, contracts, invoices, customer emails and many more.
Verification
Verification
Verification station allows checking if extracted fields match those of the original document. Alternatively, verification can be started manually using the web-based verification station, easily accessible to a verification operator from any physical location.
Any of the following techniques can be used:
- Group verification
- Verification in Document Window
- Field verification
Data Export
Data export
ABBYY FlexiCapture automatically exports recognized data to different file formats, or to databases, systems of record and other destination points in line with user-defined rules:
- Corporate file storage repositories – SharePoint, Laserfiche, etc.
- ODBC compatible databases – Oracle, Microsoft SQL Server, and Microsoft Access.
- ERP and ECM systems – SAP, Microsoft, IBM, Sage, MYOB, Acumatica and others.
- Smooth integration with RPA workflows to delivery data in legacy systems.
Document set images can be exported to one PDF file or placed in a storage location. A file or database record should describe the structure of the document set and contain a link to each document image.
Document set fields (including fields in child documents) can be exported to ODBS databases and files. All fields in child documents are available when setting up an export; you can set up mapping and redact sensitive information both in a document section and in linked documents.
Web-Based
Web-based administration and monitoring console
FlexiCapture HTML5 administration and monitoring station enables 24/7 supervision from any physical location. It provides multi-level administration, automatic notifications for critical failures, and comprehensive reporting.
Three standard types of reporting are available: site productivity, processing productivity, and general operator report. The reports can be generated as PDF file or CSF for further analysis.
ABBYY FlexiCapture for Invoices - How it works
Invoice Input
Invoice Input
ABBYY’s invoice solution supports multiple input channels like e-mail, web-based invoice scanning, MFP, FTP, mobile capture, fax, etc. It ensures identical document processing independent of form or format.
Classification
Classification
Invoice classification technology allows the sorting of documents by types and custom subcategories. The system learns on the fly, enabling fast deployment and higher processing accuracy.
Data
Data recognition, extraction, and validation
ABBYY’s invoice solution identifies and extracts data from relevant invoice fields. It supports country-specific validation rules and invoice matching against master data in addition to PO matching.
Data Review & Approval
Data review and invoice approval
Data approval processes become easier with an intelligent workflow approval that includes automated invoice processing, with the possibility of manual verification by the accountant for missing information, and instant posting for valid PO-matched documents.
Export and Archiving
Export and archiving
ABBYY FlexiCapture automatically extracts data from a variety of paper or digital-born document types, structured and unstructured, such as mortgage applications, tax returns, questionnaires, credit card applications, contracts, invoices, customer emails and many more.
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