Our invoice processing solutions ensures that your organization's manpower is free to contribute toward your core business. We undertake the complete back-end transaction and invoice processing duties for many organizations. Invoice processing management helps vendors accurately recognize product positions , AR, and your business position.
Vee Technologies has the expertise and domain knowledge to execute this processing. Vee has a very strong team of highly qualified software programmers & analysts who are actively involved in providing support functions for the data processing team.
Processing invoices includes:
- Delivery of invoices
- Verification of receipts
- Comparison to purchase authorization
- Invoice consolidation
- Invoice details verification
- Invoice submission
- Invoice remittance
We use state-of-the-art software and technologies for all processing services, such as OCR and ICR recognition technology. We also use our in-house developed software which accurately captures data like date, vendor ID, line item and total amounts.
Vee Technologies uses a result oriented, methodology to process invoices.
- We receive your scanned invoices.
- Processors from our expert data entry teams access the invoices using advanced data recognition software.
- The data entry process begins.
- All required fields such as date, vendor, line item and invoice amounts, etc. are entered into a given electronic format.
- Comparison to the purchase authorization is done.
- The output is compatible to all ERP systems including SAP.
- The report is ready in an electronic format and entered into your accounts payable system.
Vee Technologies is equipped to handle large volumes of invoice processing work, with a high level of quality and accuracy, in a shorter period of time.