invoice processing made easy 09.27 · 2019. 4. 10. · invoice. with grooper’s automation these...

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Accelerate approvals and expedite payment processing to qualify for early payment discounts. Improve vendor relationships with faster payment turnarounds. Artificial intelligence increases process efficiency and lowers costs. Grooper’s data capture, image processing and extraction tools enable the automation of many accounting tasks. Our solutions increase productivity, greatly reduce data processing errors, and integrate with other accounting systems to give you new ways to use your data. Grooper’s artificial intelligence improves traditional OCR results and includes algorithms which enhance table extraction. This results in increased accuracy for invoice processing and line item extraction. Greater Efficiency, Rapid ROI, and Easy to Operate Understanding that not every business is the same, we deliver an AP workflow system specifically designed to fit your environment. With our decades of experience, we help companies of nearly every size realize the benefits of automated processes. We’ll take your paper-centric procedures, automate them, and rapidly improve the efficiency of your department. Also automate email and other electronic document processes to eliminate the need for additional printing. Invoice Processing Made Easy www.grooper.com 800-662-0777 © 2018 Grooper. All rights reserved 08-18 Benefits for Accounts Payable Decrease the cost to process an invoice and automate repetitive manual activities Reduce coding time by matching invoices to purchase orders electronically PO matches can receive automatic approval with two-way and three-way matching Sophisticated line-item extraction with automated reconciliation of each line Apply a vendor lookup process to confirm that header information is extracted correctly Ensure invoice accuracy using mathematical validation Flag inconsistencies and review only errors identified by Grooper, not the entire invoice Process foreign-language invoices easily with multi-language processing Automatically upload invoices submitted via email or other electronic means Boost productivity and scale rapidly to process increased volumes without adding staff Increase operational visibility and optimize cash flow Quickly identify duplicate invoices Confirm that all discounts are applied Classification of invoice type

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Page 1: Invoice Processing Made Easy 09.27 · 2019. 4. 10. · invoice. With Grooper’s automation these costs can be reduced to less than $3 per invoice. We can also help you reduce normal

www.grooper.com

Accelerate approvals and expedite payment processing to qualify for early payment discounts. Improve vendor relationships with faster payment turnarounds. Artificial intelligence increases process efficiency and lowers costs.

Grooper’s data capture, image processing and extraction tools enable the automation of many accounting tasks. Our solutions increase productivity, greatly reduce data processing errors, and integrate with other accounting systems to give you new ways to use your data. Grooper’s artificial intelligence improves traditional OCR results and includes algorithms which enhance table extraction. This results in increased accuracy for invoice processing and line item extraction.

Greater Efficiency, Rapid ROI, and Easy to Operate

Understanding that not every business is the same, we deliver an AP workflow system specifically designed to fit your environment. With our decades of experience, we help companies of nearly every size realize the benefits of automated processes. We’ll take your paper-centric procedures, automate them, and rapidly improve the efficiency of your department. Also automate email and other electronic document processes to eliminate the need for additional printing.

Invoice Processing Made Easy

www.grooper.com800-662-0777© 2018 Grooper. All rights reserved 08-18

Benefits for Accounts Payable

• Decrease the cost to process an invoice and automate repetitive manual activities • Reduce coding time by matching invoices to purchase orders electronically • PO matches can receive automatic approval with two-way and three-way matching• Sophisticated line-item extraction with automated reconciliation of each line• Apply a vendor lookup process to confirm that header information is extracted correctly • Ensure invoice accuracy using mathematical validation • Flag inconsistencies and review only errors identified by Grooper, not the entire invoice • Process foreign-language invoices easily with multi-language processing• Automatically upload invoices submitted via email or other electronic means• Boost productivity and scale rapidly to process increased volumes without adding staff • Increase operational visibility and optimize cash flow• Quickly identify duplicate invoices• Confirm that all discounts are applied• Classification of invoice type

Page 2: Invoice Processing Made Easy 09.27 · 2019. 4. 10. · invoice. With Grooper’s automation these costs can be reduced to less than $3 per invoice. We can also help you reduce normal

www.grooper.com

Long-Term Success

Grooper will significantly lower processing costs, time spent per invoice, reduce the frequency of exceptions, and deliver problem-free processing.

Studies show that manual invoice processing costs between $15 to $40 to process a single invoice. With Grooper’s automation these costs can be reduced to less than $3 per invoice. We can also help you reduce normal invoice processing time to as little as one day.

Grooper gives you unparalleled access to the business information contained inside your invoices and documents. It also provides valuable insight to feed predictive analytics and evaluate trends of vendors providing the most competitive rates.

Lockbox Services

Never touch another paper invoice again. Our Data Migration Center offers Grooper as a Service to process invoices quickly. From a lockbox, the invoices are picked up, processed, and moved electronically into your environment. This is an industry-exclusive feature only to Grooper, and this department has decades of experience at scanning and processing paper documents.

Grooper, the Operating System of AI

Grooper’s operating system opens the door for other cutting-edge technologies to solve problems without ever writing a single line of code. Extend the power of Microsoft Azure, Google AI, IBM Watson or Amazon Web Services with Grooper’s API and transform your business further.

Grooper Integrates Seamlessly with Your System

• Fully integrates with your Enterprise Resource Planning (ERP) System• Supports scanned, emailed, and electronic (EDI) documents• The system can be effortlessly maintained thanks to our well-documented, consistent designs

www.grooper.com800-662-0777© 2018 Grooper. All rights reserved 08-18