CloudTrades invoice capture service reads and converts emailed invoices in PDF, XML, EDI, or other electronic format. CloudTrade delivers 100% data accuracy at the header and line level, and converts and enriches the acquired data to a format required by the clients ERP. The service is free to the supplier and reduces their costs, as their invoice is emailed to a designated email address where CloudTrade technology extracts invoice data. The buyer receives a validated data stream together with the original invoice for automated delivery to Palettes invoice processing module.
Invoice collection and capture is the initial step in implementing a purchase to pay automation solution. Once invoices have been digitalized by CloudTrade, Palette uses the data for invoice processing, mobile approval workflows, and the automated matching of purchase orders, goods receipts, and contract data.
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