Convedo's Intelligent Capture Cloud automates accounts payable by automatically ingesting and classifying invoices from any source. Manual invoice processing typically takes 17 days and requires constant data entry and approval chasing. The platform extracts key data to speed up cash management and cut operational costs across legacy and modern systems.
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Today's businesses, large and small, operate in a modern and largely digital business environment. And yet the majority of customer interactions start with paper or electronic documents. These require time-consuming, manual processes which are highly inefficient and prone to human error. Let's look at invoice management as an example. Accounts payable teams are under pressure to reduce operational expenses and maximize performance. On the other side, they're dealing with legacy systems and highly manual processes. As a result, it can take on average 17 days to manually process an invoice end-to-end. Accounts payable teams are spending the majority of their time inputting invoice data, chasing approvals, and moving the invoice along the chain. Imagine you could automatically process documents from any channel and automate the manual activities accounts payable teams are performing today. Conveydo's Intelligent Capture Cloud enables organizations to automatically classify and extract key data from paper and electronic documents to seamlessly automate repetitive manual business processes across legacy and modern systems, reducing operational costs, improving cash management and supplier satisfaction, Intelligent Capture Cloud. Automate any content-centric process.