Retail Organizational Benefits
While digital transformation is nothing new to the retail industry, now more than ever, retailers must adopt new digital technology to conduct business, comply with regulations, connect with customers, and deal with ongoing issues. CapturePoint transforms retailer’s financial processes with rapid capture and extraction to provide data visibility throughout the organization.
Enhance Staff Productivity
With automated processes & improved data accuracy, staff will have more time to focus on higher goals
Reduce Operating Costs
Reduce costs & improve efficiency by eliminating staff spent on manual document processes & data errors
Improve Data Accuracy
Reduce data errors using automated OCR, ICR, OMR and barcode recognition and human data validation services
Better Client Relations
Staff can access data anywhere with their mobile device, allowing them to remotely make better informed decisions
Improve Data Confidentiality
Get detailed audit trails to find when an invoice has gone into the system, who has accessed it and what happened
Scale the platform across all corporate and store locations, while managing data from a central repository
Invoice Processing Automation
Ensure that accurate data is submitted to healthcare billing, accounting, and claims management syst...
Data Validation Services
Provide a second layer of human verification for your healthcare data and improve operational effici...
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The next-generation document capture and data processing platform for retailers
Automated invoice matching classifies, compares with ERP databases and automatically sorts invoices into different document types with text, image, and rule-based classification options.
Invoices arriving to your AP department via mail, e-mail or fax are captured, registered & processed in a standardized workflow. Capturing at the point of entry instead of manual paper transfer, enables automation of invoices into digital workflows, adding transparency to your AP process.
CapturePoint can be adapted to best fit the workflow of your enterprise and employees. Using the machine learning, you can choose to have it auto-set document type, have type approved by employees first, or allow the type to be selected by employees before processing.
With digital archiving, invoices can be retained in a queue for data verification & once submitted, are converted to searchable PDF files with metadata for simple tagging, ensuring compliance with financial retention regulations.
Straight Through Processing
Automatic document processing from invoice arrival to posting without manual intervention, which enables AP staff to focus on exceptional invoices only.
Classify invoices based on image, text or rule based into different types and variations to automatically sort incoming documents and route them to predefined destinations.
Purchase Order Matching
Automated PO matching on header level & validation against ERP databases facilitates data reconciliation, streamlines processing, & enables straight-through processing for matched documents.
With one click, suppliers can directly and securely transmit any invoice or supplier information directly into your retail accounting system.