The tool replaces manual data entry with automated invoice processing. In the event, it cuts down on the time needed to review incoming invoices to find detailed data that matches required enterprise resource planning (ERP)-formatted data fields. Users no longer need to manually transcribe documents into the ERP system. In addition, Intelligent Data Capture enables early capture of invoices and the centralized validation of data. Customers can receive invoices from suppliers via PDF, paper or scanned images where the data is extracted to generate an electronic invoice. The app initiates the accounts-payable workflow immediately, to automatically process invoice payment. As a result, said Take, suppliers can gain complete visibility into real-time, on-demand updates regarding invoices and payment status.
