Where did the era of paper letters, paper currencies, paper invoices, in short, paper-based communications go? Have you realized that growing modernism symbolizes advanced digitalization? From information sharing to tracking data, everything is now digitized. Well, paper is still in fashion but is an old-fashioned concept. People don’t prefer keeping pennies in purses or carrying grocery store bills and salary slips in pockets. Instead, everyone wants digital receipts. Yeah!! So, the need for invoice capture software can’t be ignored.
What is an Invoice?
An invoice is a proof document of a sale. You buy something, pay the charges, and the seller handovers a receipt of purchase. This receipt is the invoice. Invoices can be short or long, depending on the type of purchase. When you visit a local shop, you might not get the invoice and, in some cases, you receive it.
The invoices at small stores are handwritten and are not organized. When you visit big stores for shopping or shopping online, your invoice contains detailed information including, a list of products bought, paid amount, billing address, and others.
What is Invoice Capture Software?
Invoice capture software is a magical solution for the accounts department. It is hard to manage data in the cabinets and keep a record of entries on papers (printed documents). To ease the process, invoice capture software is introduced with remarkable features. Regardless of the format, the software will extract relevant data in an organized manner. Within a few minutes, your invoices will be digitized. It will make invoice handling easier for the accountants. You can export your digital invoices in multiple formats including, PDF, Words, etc.
Why is Invoice Capture Software preferred instead of manual entries?
There are several reasons to prefer invoice capture software over manual invoice making. Let’s have a brief look!!
The bonus of using invoice capture software is ‘Save Time’. It’s obvious how it saves time. It takes time to manually enter data into a format, especially when entries are messy. At this point, such software works magically and scans all the data in a few seconds.
To type an invoice of 10 entries, each of 10+ alphabetical characters may take you 10 minutes. No matter how fast you hit the keystrokes, the pressure of accuracy nails your confidence. You keep checking whether it is typed correctly or not. When you use invoice capture software, in 2-3 seconds, the data is scanned and without errors. Here it saves you 8+ minutes of hard work.
Doesn’t it sound interesting when you work in a company that sells to more than 1000 customers daily?
Easy-to-handle data management
Suppose your company receives 100+ invoices from suppliers daily. Each supplier has its own invoice format and, it gets difficult for you to manage their data. In businesses, it is critical to keep data updated. You can’t leave today’s work on the next day and then keep pending the details. If you do so, you are hurting the company.
When workload is high, you need to hire more employees. In case you choose invoice capture software, you can save hundreds of dollars per month. The software will scan your data efficiently while easing the process of invoice data management.
Are you convinced about using invoice capture software? It is the best solution to current business invoice needs. Instead of spending on employees and bearing manual errors, pay for the software and enjoy e-invoicing benefits. Where you don’t like to stay behind in offering quality services and competitive prices, you should not also ignore significance of growing trend of invoice capture software.