Automated Bank Statements Processing Flow

BankOn invoice processing software is helpful in tracking the invoices of the supplier, from the entry to the payment, automating the scanning, interpretation and archiving of the invoice data. No matter how many invoices enter your organization – on paper or in any electronic format – BankOn intelligently extracts important information and validates it according to a set of predefined rules.

Capture invoices

The invoice automation process starts with character recognition technology (OCR). Paper invoices are scanned and digitized, and electronic invoices (PDF, JPG, PNG, TIF, etc.) are ready for interpretation immediately. The capture solution reads and interprets all types of invoice, regardless of format, number of lines or number of pages.

Automatic validation and correction

After capturing the invoice data, the validation process begins. During the validation, the invoice information captured is checked for correctness. The solution includes automatic verification of amounts, vendor data and more.

Incorrect data goes through an automatic correction process, resulting in improved data accuracy.

Manual correction

The data with errors, after the automatic correction process, signaled to the user for manual correction. It can perform the simple and easy correction operations in the program interface. Once the data has been corrected, they are ready to be sent to the ERP or the accounting program.

Data entry in ERP

After validation and correction, automatic or manual, the data is transmitted automatically to the ERP or to the accounting program through specific interfaces.