Try our solution from below option & contact us for more information & support at support@sepfust.com
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Automation
Invoice
Processing
Automation
Extracting data from invoices issued by your suppliers or partners manually is time-consuming, error prone, inefficient and obsolete. Companies need data from an invoice to do their booking keeping and maintain accounting entries in their ERP or accounting applications. Traditionally, companies have been doing accounting in their IT systems manually.
Due to advancement in technology, it is now possible to automate the entire accounting process by leveraging technologies like OCR & AI. In order to support our clients with accounting automation, we at Sepfust are also providing clients with our flagship product for invoice data extraction. Our invoice reading solution is trained on the invoicing formats of any ERP or accounting application by our team. Our solution extracts over 20+ fields from an invoice which are needed for completing accounting or for fulling compliance obligations.
Our invoice reading solution can be used for below use cases-
- Automate accounting for both PO based & non-PO based purchase accounting
- Automate GRN or SRN entries in your ERP
- Auto-reconcile purchase documents with vendor e-Invoice data in real-time
- Prepare purchase register & compliance reports directly form PDF invoices
Our Optical Character Recognition (OCR) is the core technology behind our AP automation solution. It extracts line-item wise data of GST compliant invoices. Different type of invoice formats and file types are easily handled by our OCR platform. It is hosted on AWS and offers various methods for invoice document ingestion – browser upload, sFTP/FTP upload, EDI, APIs, Email Integration, etc.
- Data Extraction: Our platform intelligently scans and extract critical data points from both scanned images and PDF invoices, all required GST fields needed for purchase posting are extracted
- Data Validation: Extracted data is rigorously validated against predefined business rules and master data (e.g., vendor lists, payment terms) to ensure accuracy and consistency. We also do e-Invoice QR code & GST compliance related validations on the vendor invoice.
- Automated Posting: Once validated, the invoice data is automatically posted directly into your SAP ERP system, eliminating manual entry and reducing errors.
Try our invoice data extraction solution for Tally ERP now! Upload any invoice generated from Tally ERP and download line-item wise data extracted by our solution.
For discussion or wider demo of our invoice reading automation solution, please contact us at support@sepfust.com or kunal@sepfust.com.