Businesses process billions of invoices every year, and research suggests the number sent and received could quadruple by 2035. Leveraging intelligent technology will help handle the scale and ensure greater efficiency and accuracy — and all the associated cost savings.
A typical AP employee can spend on average 30% of their time handling invoices proving that manual data processing is an ineffective use of time and resources.
Gartner estimate that the typical cost of processing a manual invoice in the UK averages between £4 and £25, and in some cases up to £50 for an individual invoice.
Automating your invoice capture provides an efficient alternative to manual processing by providing benefits that not only help to significantly reduce costs, but also boost the productivity of your AP department. The average cost of processing an invoice via an automated process can be up to 20x less than manual-based processes.
Ask the experts
Whether you are ready to start scoping or just want to discover more about Kick ICT, our experts are at hand to help.
Improved Efficiency with AI
If you have experienced OCR systems in the past, you will agree that they are notoriously high maintenance and have lower accuracy rates. The advent of AI technology reduces human touchpoints through intelligent invoice processing. Increased automation speeds up your AP cycle time, reduces costs and increases options for capturing savings. PA Intelligent Invoice Capture ensures high percentage data accuracy and saves time on your first day.
ASK THE EXPERTS
We're here to help
Whether you are ready to start scoping or just want to discover more about Kick ICT, our experts are at hand to help.