Data Capture
Award Winning Data Capture and Data Integrity Tool
Processing millions of invoices worth billions of dollars, Data Capture automates payables and receivables processes, and improves margins by enabling cost and revenue optimization through better analytics.
Advanced neuroscripting technology provides 100% accurate, line-item-level capture of cost, revenue, usage, inventory, and master data from all sources, including unstructured formats such as paper and PDF invoices and contracts and all commonly used electronic formats.
Features
- Parses data down to the most detailed level using Google-like spidering functionality.
- Processes all vendors, products, services types, and formats.
- Uses powerful data conversion and standardization technology to capture all information into a centralized database in a standardized electronic format.
- Provides data feeds to upstream audit, reporting, and analytics software tools and systems.
- Serves as a central gateway for delivery or receipt of all intercarrier billing in a 100% electronic, automated fashion.
- Ensures data integrity, and paves the way for detailed, accurate auditing, reporting, and analytics.
- Provides real-time dashboard and reporting capability through web portal technology.
- Allows archiving, storage, and retrieval of all invoices/data for anywhere between 1 to 10 years.
Benefits
- Enables automation of the order-to-cash workflow through automated invoice processing, and simplifies all intercarrier transactions.
- 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.
- Eliminates manual data entry and paper record storage, thus eliminating errors due to incorrect data entry and lost invoices.
- Allows easy data loading into billing, audit, inventory or ERP AP systems.
- Eliminates paper from corporate supply chain and payables functions, enabling organizations to go green.
- Eliminates the need to store old data and mountains of paper invoices, while allowing instant retrieval.
- Improves resource efficiencies gained within accounts payable, vendor management, and dispute management functions.
- Supports multi-partner collaboration strategies in a NGN environment.
- Improves timeliness of financial reporting.
- Allows finance staff to refocus on strategic objectives, such as audit, analysis, dispute identification, and resolution.
- Provides vastly improved visibility into costs and revenue.
- Enhances Sarbanes–Oxley and SAS 70 compliance.
