Our invoice processing solutions ensure that your organization's manpower is allocated towards your core business functions. We undertake the complete back-end transaction and invoice processing duties for organizations in order to recognize product positions accurately, manage AR, and identify your business position.
Vee Technologies has the expertise and domain knowledge to execute processing with a strong team of highly qualified software programmers and analysts who are actively involved in providing support functions for the data processing team.
Invoice processing 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 billed.
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 are entered into an electronic format
- Comparison to the purchase authorization is completed
- 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, accurately, on time, and as promised.