The Invoice Tracking Center was developed by Verbella to meet a growing segment of the market place, looking for SAP Invoice Processing Automation. Over the past ten years most SAP customers have either implemented or explored implementing an Accounts Payable Invoice Processing Automation Solution. In many cases due to the costs of Software and Services, it was impossible to justify the length of time to achieve an acceptable ROI.
Enter the Verbella Invoice Tracking Center, a reasonably priced product to solve the most common issues for users and managers of SAP Accounts Payable.
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The Verbella Invoice Tracking Center when paired with an Kofax Transformation Modules (KTM), provides a complete Invoice Processing Solution for Accounts Payable. Kofax KTM advanced technology is used to run Optical Character Recognition (OCR) on incoming documents from either a scanner or a monitored email inbox. Once OCR has been preformed, the incoming doucments will be first classified, and then based on the classification specific information will be extracted from the Image, such as the Invoice Amount, Invoice Number, PO Number. This data will then be validated by a Processor in KTM Validation module and then released to the Verbella ITC that resides inside of SAP.
Once in the Verbella ITC, the document can be automatically parked or Posted and exceptions handled efficiently by A/P knowledge workers.
Although Features and Functionality may differ between deployments based on customer’s specific requirements, all baseline ITC installation include;
Listed below are some of the benefits of the Invoice Tracking Center and project justification for deploying such a solution: