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A simple invoice processing tool for small businesses that would like to take scanned paper invoices or emailed PDF invoices and turn them into CSV or XML files. Three easy steps.
The way this is done is fairly simple. You send an invoice into InBox, where it takes your paper invoice (that you have scanned) or an emailed invoice (which could be a PDF, Word, or other file) and sends you back an XML or CSV file. Done!
From there you can take the information and plug it into your accounting system or ERP. A great way to save time and money, but what we think is even better, stress and hassle!
Processing invoices ranks up there with sorting laundry, doing taxes, - its manual work that creates headaches with errors and mismatches.
The tool also gives back what is called a “data” PDF, which means it is a file format that can be read by electronic invoice systems.
This is what might be called AP automation, although because there is no fancy stuff like “workflow” and “audit trail”, it might be better just to call a great invoice processing tool.
AP automation software packages or SaaS platforms can sometimes be expensive to purchase, and there is usually some resistance to both the cost and the learning curve that comes with them. They come with features that may not be used, and might not be suitable for small business.