Razorsight AIM Capture is an award winning On-Demand, Software-as-a-Service that captures line item details from bills, invoices, contracts, and other documents – in any format including paper and PDF - and generates a structured electronic output that can be used for billing, auditing, and analytics. AIM Capture is used by leading communications, media and entertainment companies such as Verizon, Time Warner and Comcast to process millions of invoices worth billions of dollars, automate payables and receivables processes, and optimize network costs. Razorsight is the only company in the market that completely eliminates paper from billing and invoicing functions, enables 100% electronic carrier-to-carrier transactions, and ensures that 100% of cost and revenue data is captured in ONE database.

GO GREEN WITH RAZORSIGHT

Go Green! Save trees by eliminating all paper invoices and going 100% electronic with Razorsight. Eliminate manual processing, increase visibility, and reduce Network Costs.
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AIM Capture is powered by patent pending neuroscripting (parsing) technology, and automates invoice processing by capturing 100% of detailed, line item level data from any format - paper, PDF, faxes, and all commonly used electronic invoice formats.

An On-Demand, Software-as-a-Service, Razorsight's AIM Capture solution completely eliminates paper from your Supply Chain and Corporate Payables function, and serves as the central gateway for ALL invoice input/output. AIM Capture:

• Scans, reads and captures invoice data from paper, faxes or PDF files while converting this information into a centralized database and XML format for web viewing
• Neuroscripts data down to the most detailed level provided on the invoice
• Processes all vendors, products, services types and formats
• Feeds electronic format to upstream audit, reporting and analytics software tools and systems
• Provides real-time dashboard and reporting capability through web portal technology

Benefits

• 100% accurate, line item level capture of interconnect (cost and revenue) data from all sources, including unstructured formats such as paper and PDF invoices and contracts.
• Automated conversion and standardization of invoices into a common, electronic format in a centralized database– paving the way for detailed, accurate auditing, analysis and reporting
• Documented savings in the millions at Fortune 100 communications service providers
• Return on Investment (ROI) in less than one year
• Quick and easy implementation - no software to install at your premises; no complex IT integration
• Increased Efficiency
• Elimination of manual data entry
• Elimination of paper record storage
• Reduction in errors related to data entry or lost invoices
• Facilitates Process Automation
• Data easily loaded into Billing, Audit, Inventory or ERP AP systems
• Financial Intelligence
• Improves timeliness of financial reporting
• Allows finance staff to refocus on strategic objectives, such as audit, analyses, dispute identification and resolution
• Provides vastly improved visibility into Costs and Revenue
• Improves Financial Control
• Enhances Sarbanes - Oxley compliance and SAS 70 compliance
• Resource efficiencies gained within Accounts Payable, Vendor Management and Dispute Management functions

    TECHNOLOGY

AIM Capture uses an innovative Neuroscripting™ technology combined with optical character recognition (OCR) and auto-learning capabilities to extract invoice data down to the most detailed level. All vendor, product and service types and formats are supported.

• Patent pending Neuroscript technology uses Google like spidering functionality to provide a 100% approach to data extraction
• All hierarchical layers of detail are extracted from the raw end file via artifact/keyword search, and not template based zone lookup
• Over 200 validations are performed on invoice data as it is extracted
• The Capture output is normalized into client-defined formats such as XML, SECAB or specific EDI versions.

The AIM Capture Process

Scan
The first step is to scan and capture invoice data from paper, faxes, PDF files or other electronic formats and convert this data into a database, as well as XML format for web viewing. AIM Capture uses proprietary Neuroscripting™ technology combining optical character recognition (OCR) and auto-learning capabilities to extract invoice data down to the most detailed level. All vendor, product and service types and formats are supported.

Enhance
Once scanned, the invoice image is adjusted to improve and enhance image quality. This rigorous process eliminates costly errors and improves the accuracy and reliability of the data.

Extract and Validate
Raw invoice data is unstructured and unformatted. Most companies use zone-based capture techniques, which require invoice data to appear in specific "zones" for extraction. However, this technique requires significant configuration before a reduction in manual data entry can be realized. Furthermore, any change in invoice format will cause errors in the data capture process and require reconfiguration. Razorsight's Neuroscripting™ technology overcomes this hurdle by readily adapting to any unexpected changes in format.

Format and Export
Extracted invoice data is compiled into industry standard transaction formats such as EDI 810/811, XML, CABS, SECAB or CSV for seamless import into Cost Management ERP, accounting or workflow solutions. Competing data capture solutions zone invoices and then use a graphical user interface to map fields within a zone into a database schema. This approach does not offer the scalability to rapidly and accurately process thousands of invoices and millions of pages per month. In addition, if an invoice format changes, it requires laborious manual re-zoning in order to process the invoice. With Razorsight's intelligent data capture solution, a change in invoice format does not pose a challenge. Since AIM Capture understands the relationships among invoice data items, it does not matter where the data moves on the page. The result is the highest accuracy for data capture and the most robust platform available for large volumes of invoices.

To learn how AIM Capture is helping Communications leaders Go Green while saving millions through 100% electronic inter-carrier billing and detailed visibility into costs and revenue, contact us.