Digital Mail Room Module
Streamlined Invoice Processing with DMR
Digital Mail Room, also known as DMR, simplifies invoice processing for both PO (Purchase Order) and non-PO invoices. Users can upload single invoices or utilize a bulk upload feature for efficiency.
DMR employs Optical Character Recognition (OCR) technology to extract data from uploaded PDFs. This intelligent process automatically generates a template specific to each supplier's format and captures key information like invoice number, invoice details, itemized breakdown, and other details.
Following data extraction, the DMR facilitates a collaborative approval workflow. Invoices progress through Maker, Checker, and Reviewer stages before being archived in a "processed" bucket. Simultaneously, the system transmits data to SAP for automatic parking and posting within the Accounts Payable (AP) cockpit. This ensures seamless synchronization and efficient invoice processing.
DMR- Revolutionize Your Finances with Seamless Invoice Automation
Benefits of using DMR- an end-to-end invoice processing automation product
1. Efficient Data Extraction – Our advanced OCR technology ensures accurate extraction of invoice data.
2. Data accuracy and Compliance – Automated validation checks ensure data accuracy and reduces errors.
3. Interactive Dashboard - Provides an overview of vendor master sync, reconciliation status, compliance status.
4. Automated workflows – Pre-defined workflows and approval matrix ensure a smooth approval process.
5. Invoice Matching – Invoices are matched with POs to ensure that goods and services are delivered as per agreement.
6. Integration – Seamlessly integrate with accounting software and ERP systems to eliminate manual data entry and reduce errors.
7. Time and Cost Savings – Reduce the time and effort required for manual data entry.