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Automated Invoice Processing - What’s the benefit?

ABBYY have sponsored a Formscan created white paper detailing the need for accountants to upgrade and automate their invoice processing. Chris Haden, author and managing director at Formscan, and an ABBYY partner, will be at Accountex exhibition and conference on May 16 to present the key findings.

Speaking at a keynote session at Accountex, Haden is expected to talk about the benefits and business improvements organisations can expect to achieve using Automated Invoice Processing. According to a recent end user survey conducted by ABBYY, 65 per cent and 67.5 per cent of accounting professionals reported financial and operational benefits respectively with the help of Automated Invoice Processing solutions.

Haden comments, "Managing and maintaining accounts and invoice processing is essential in order for businesses of all sizes to remain sustainable. Using Automated Invoice Processing, accountants can ensure documents are intelligently recognised and classified by type, the relevant data is automatically extracted and the information fed onto a pre-defined approval workflow or backend system. By automating time- and labour-consuming manual tasks organisations can improve operational efficiency, drive down costs and increase visibility."

Accountex is the UK's only national exhibition and conference for accountants and finance directors working in practice, business and the public sector. ABBYY and Formscan will be exhibiting at Stand A650 in the London ExCeL Centre on May 15-16.

Accountants and finance directors will have the opportunity to meet with ABBYY and Formscan to discuss their Automated Invoice Processing requirements, and learn how they can stay one step ahead in a growing and increasingly paper-logged industry and keep up with a surge in UK employment.

ENDS

Note to editors

ABBYY and Formscan will be at Accountex on Stand A650 in the London ExCeL Centre on May 15-16.

Chris Haden, author of the white paper and managing director at Formscan, will be speaking about "Automated Invoice Processing - what's the line on line items?" at the theatre on Friday, May 16 at 12.00pm.

Interview appointments are available for advanced booking. Please contact [email protected] or call 020 7802 2626.

About ABBYY UK Ltd.
ABBYY UK is a member of the ABBYY Group and supports sales and marketing activities in Western Europe. ABBYY is a leading provider of document recognition, data capture, and linguistic technologies and services. Its products include the ABBYY FineReader line of optical character recognition (OCR) applications, ABBYY FlexiCapture line of data capture solutions, ABBYY Lingvo dictionary software, and development tools. Paper-intensive organisations from all over the world use ABBYY solutions to automate time- and labour-consuming tasks and to streamline business processes. ABBYY products are used in large-scale government projects such as those of Australian Taxation Office, Lithuanian Tax Inspectorate, Ministry of Education of Russia, Ministry of Education of Ukraine, and Montgomery County Government of the USA. Companies that license ABBYY technologies include BancTec, Canon, EMC/Captiva, Hewlett-Packard, KnowledgeLake, Microsoft, NewSoft, Notable Solutions, Samsung Electronics and more. ABBYY OCR applications are shipped with equipment from the world's top manufacturers such as Epson, Fujitsu, Fuji Xerox, Microtek, Panasonic, Plustek, Toshiba, and Xerox. ABBYY is headquartered in Moscow, Russia, with offices in Germany, the UK, the United States, Canada, Ukraine, Cyprus, Australia, Japan and Taiwan. For more information, visit www.ABBYY.com

ABBYY, the ABBYY Logo, FineReader, ADRT, Lingvo, FlexiCapture, and PDF Transformer are either registered trademarks or trademarks of ABBYY Software Ltd. Other product names mentioned herein may be trademarks and/or registered trademarks of their respective owners and are hereby recognized.

For more information, please contact:

Contact:
Cheryl King at LEWIS PR
Tel: +44 (0)207 802 2626
Email: [email protected]

Colin Miller
ABBYY Marketing Manager
Elsenheimerstrasse 49
80687 Munich
Tel.: +49 (0) 89 511 159-0
Fax: +49 (0) 89 511 159
E-Mail: [email protected]
Web: www.ABBYY.com

Source: RealWire

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