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Document Processing for Invoices

SPEND MANAGEMENT SOFTWARE

Increase productivity, reduce manual entry and utilise the insights of your invoice information to empower your accounts payable teams. 

professional colleagues working on invoice processing)

Key features:

  • Automated invoice processing

  • Finance system and ERP integrations

  • Faster invoice processing turnarounds

  • Invoice data validation

  • Compliant data storage options available

  • PEPPOL compliant

  • PDF, XML, HTML and more processed

How Invoice Processing will benefit your business

Reduced manual entry
Automated invoice processing with validation drastically reduces the need to check invoices processed or manual data entry.
Increased productivity
Process higher number of invoices automatically within a few minutes of receipt with automated invoice processing.
Faster turnarounds
With invoices processed on receipt, your team can approve and turnaround invoices quicker, meaning happier suppliers.

Why work with OneAdvanced?

Our team has developed this sector-leading software from the ground up
Our team is composed of dedicated professionals, committed to delivering top-quality results
Tailored for our customers

Within just 3 months, 65% of targeted invoices are already being sent electronically and received directly into the processing environment within a couple of minutes of the supplier sending it.

Finance Assistant Director, NHS Foundation Trust
Doctor working on laptop with NHS logo overlay

Features and benefits

Excellent data quality

Document Processing captures, extracts and validates data from inbound invoices from emails with exceptional accuracy, before automatically inputting it into your Financial Management System (FMS) or ERP. We read your documents directly at the data layer, and our rules-based extraction ensures ultimate confidence in the data quality and accuracy of your processed invoices.

Benefits of this feature
  • Extraction from the data layer of the invoice ensures high levels of data accuracy
  • Remove the doubt over whether processed data is correct, with data extraction rules further enhancing data quality and accuracy, even for image-based files
  • Utilise invoice data to provide accurate spend analysis and reporting

Validation and enrichment

As much as 40% of invoices take 2-4 days to be processed through, this can be elongated with having to do manual checks and inefficient semi-automated systems (which often cannot guarantee accuracy). With Document Processing, you do not rely on character recognition, rules-based extraction and validation checks the data to ensure accuracy before submission. The data can also be enriched, so that even if the structure of data isn’t how you need it, you still get the information that you need, in the right format for you.

Benefits of this feature
  • Rules-based validation ensures accuracy before submitting to your end system, giving you data you can trust
  • Removes the need to check processed invoice data, providing confidence in reporting and payments
  • Enrich or amend data automatically without the need for time-consuming and error-prone manual correction

Multi-language and currency capabilities

Document Processing is capable of automated processing of invoices in hundreds of languages from around the world, and in virtually any currency, perfect for a global business. Irrespective of local taxes or local invoices regulations, Document Processing can automatically extract this data, validate and submit this data without the need for manual data entry adapting to local regulations. Document Processing supports the global business to better connect their local entities and gain full visibility over their spend.

Benefits of this feature
  • Processes hundreds of languages from around the world and virtually any currency
  • Configured to understand local tax and regulatory requirements
  • We work with customers to enable specific language and regional data processing requirements

Real time processing

We remove slow, error prone manual input, with flawless data accuracy so you can receive receipts in minutes. You can also setup bespoke business rules so you extract data exactly the way you want it. Document Processing can manage all your data capture needs: header-level invoices, line-level invoices, and more complex documents such as supplier statements, all this processed in real-time 24/7.

Benefits of this feature
  • Remove the bottleneck of invoices stuck waiting to be processed
  • Avoid late payment fees from invoices not being processed on time
  • 24/7 processing of invoices and related documents

Security and compliance

Document Processing's patented software is certified to ISO 27001. This is hosted on Microsoft Azure to provide world-class levels of security. This has the benefits of making your data easily accessible by you – and you only. So you can rest assured that your information is stored safely and remains compliant, whilst being available on enterprise level Cloud technology to give you fast efficient access from anywhere.

Benefits of this feature
  • Keeping your data safe with ISO 27001 compliance certification
  • Hosted on Microsoft Azure with world-class security
  • Invoice data accessible via the cloud from any location

Peppol Network

Peppol is a 'four cornered' e-delivery network standard across the European Union and wider, it is used for the secure transfer and retrieval of electronic business documents, however it adds an extra step in processing your invoices. Documents need to be sent to be PEPPOL approved before they can be sent to processing. With Document Processing, we handle this process providing a complete end to end experience for you.

Benefits of this feature
  • Connect to the PEPPOL network with Advanced, as a access point
  • Buyers can take advantage of our established community of suppliers, ensuring fast and high supplier adoption rates
  • A requirement for the NHS in England and is being considered by other public bodies

Let us help you choose

Have a question?

Speak to our Invoice Document Processing consultants for personalised advice and recommendations.

CALL US ON:

0330 191 3730

OR WE CAN CALL YOU:

LIVE CHAT WITH US

Ask us your questions and get tailored content to help you.

Document processing process graphic

How it works

1. A supplier sends their invoice as a PDF, or other data-based formats, to your dedicated email address


2. Document Processing captures, extracts and validates the data from the email and its attachments


3. Supplier-specific logic and business validation rules are applied to derive any additional data items, such as supplier ID


4. The data is automatically submitted into your FMS or ERP


5. Any invoice data that does not satisfy your business rules is either returned to the supplier or sent to an operator for review – ensuring you receive quality and validated data, every time.

Invoice Document Processing Resources

FAQs

  • What is Document Processing from OneAdvanced?

    Document Processing is a data extraction and automation service for business documents including financial document, typically invoices, supplier statements .


    We enable touchless processing for your business documents, providing you with data you can trust.

  • What document types can Document Processing process?

    All document types can be processed within Document Processing, this includes pdf, csv, docs, docx, html as well as jpg and png, we can even process the email body.

     

    To enable straight-through non touch processing, we need to extract the data layer, which is accessible within pdf, csv, docs, docx and html formats.

     

    Our service maps the data directly from the document to an electronic document structure, XML, for automatic submission in your end system.

  • Are you GDPR compliant and can you handle taxes like GST (Goods and Services Taxes), PST, etc.?

    Yes, and our system is VAT (Value Added Taxes) compliant for invoices in Europe as well as GST and PST compliant for Australia, India, Canada, New Zealand, Singapore, and Hong Kong.

     

    The system can be configured to handle any other taxes or business specific requirements.

  • Can Advanced Document Processing handle multiple languages?

    Yes. Our system processes documents from multiple different languages and we work with our customers to enable specific language requirement requests.

  • What countries or regions does Advanced's Document Processing work in?

    Our customers are spread all over the globe and we process documents in multiple languages. We’ll work with you to meet your regional data processing requirements.

  • What is the cost of the service?

    The costs for service users are based on a monthly subscription cost and a cost per document transaction.

     

    The service is free to use for suppliers/senders.

  • Are electronic signatures required?

    In most North American, European, and Asia Pacific countries, electronic signatures are not a requirement of the local tax authorities. In regions where they are not needed, we do not encourage them, as they add cost, time, and effort for the supplier (and buyer) and only act as a barrier that impacts supplier adoption. In regions where electronic signatures are a requirement, we support them.

  • What is required for onboarding?

    The service has been designed with simplicity in mind, and to minimise the impact on your operations.

     

    All we ask is that you get your suppliers/senders to send digital invoices to an existing or new email address for us to collect and process. The data from each document will be extracted from the email and will be forwarded back to you for upload into your back-end system for matching and processing.

Got a question? Need more info? Just ask

Have a question?

Speak to our Invoice Document Processing consultants for personalised advice and recommendations.

CALL US ON:

0330 191 3730

OR WE CAN CALL YOU:

LIVE CHAT WITH US

Ask us your questions and get tailored content to help you.