US-based provider of collaborative payment, invoice and document automation solutions Bottomline Technologies has been issued a United States Patent for advanced image data capture.
The technology is looking to facilitate the manner in which customers digitize paper invoices, reduce costs and streamline Accounts Payable (AP) processing. The patented image data capture technology deployed in Bottomline AP automation solutions integrates with customers’ existing systems to achieve the desired results.
For many organizations, the AP department is challenged by manual processes and paper invoices that limit the speed, accuracy and controls critical to the successful management of payables. Automating paper-based AP processes allows companies to realize significant benefits including cost-savings, increased visibility, improved control and enhanced cash management.
Importantly, reducing the circulation of paper invoices and the need for numerous photocopies has a positive effect on business’ carbon footprint, by minimizing the use of paper.