Microsoft Dynamics 365 Invoice Capture System
Unleash the power of Microsoft Dynamics 365 invoice automation.
The Intelligent Retailer Episode 11: Dynamics 365 Invoice Capture
In this video, we will explore how the Dynamics 365 Invoice Capture Solution automatically creates vendor invoices from digital invoice images.
The Microsoft Dynamics 365 Invoice Capture System is an intelligent solution designed to streamline and automate the Accounts Payable (AP) invoice-to-pay process. Here are the key features and benefits:
Automated Invoice Creation:
- The system automatically generates vendor invoices from digital invoice images.
- This eliminates manual data entry and reduces the effort required by the AP department.
Optical Character Recognition (OCR):
- Leveraging advanced OCR technology, the system extracts critical data from various invoice formats.
- OCR allows the system to read printed texts, digitize them, and process them electronically.
The Intelligent Retailer Episode 11
Some key features and benefits
In summary, the Microsoft Dynamics 365 Invoice capture system enhances efficiency, accuracy, and financial control by automating invoice processing and leveraging advanced OCR technology.
The Microsoft Dynamics 365 Invoice capture system offers several benefits that make it a powerful solution for managing and processing invoices:
Automated Invoice Creation:
- The system automatically generates vendor invoices from digital invoice images.
- This streamlines the process, saving time and reducing manual effort for the Accounts Payable (AP) department.
Optical Character Recognition (OCR):
- Leveraging AI and modern OCR technology, the system extracts data from various invoice formats.
- OCR eliminates the need for extensive human intervention, allowing efficient handling of invoices from different vendors.
Error Reduction and Fraud Prevention:
- By automating data verification, the system minimizes errors during periods that are closed.
- Timely payment of vendor invoices prevents financial loss due to errors or fraud.
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