New integrations bolster AI-powered intelligent information management solutions.
The integration of FlexiCapture with the M-Files Intelligent Information Management platform streamlines business processes like accounts payable by delivering end-to-end automation solutions. FlexiCapture leverages AI technologies to turn unstructured content into structured, actionable information, allowing M-Files to further automate processes and more intelligently manage information that facilitates digital transformation.
An overview on the integration of ABBYY FlexiCapture for Invoices with the M-Files platform.
By using the no-cost ABBYY-to-M-Files connector, users can streamline critical invoice data to workflow processes
*Access to ERP systems via M-Files integrations.
Capture invoices from central and distributed locations.
Identify and extract data from relevant invoice fields. Business rules, country-specific validation rules, and database lookups ensure data accuracy.
Perform matching of PO invoices and GL coding of non-PO invoices in the ERP system.
The M-Files system controls the approval workflow and manages routing and responses, personal queues, and aging reports. Invoices that fail validation are handled and corrected manually and then re-routed for approval.
Forward approved invoices to Finance for payment processing.
Automating data capture and extraction with ABBYY eliminates data entry errors and risk of lost documents and enables accurate tracking of content throughout the document lifecycle.
M-Files breaks down silos by delivering an in-context experience for accessing and leveraging information that resides in any system or repository. Users can easily and securely access content anywhere without interrupting established workflows or disturbing user experience.
The fully automated end-to-end invoice process helps to achieve high accuracy and facilitates straight-through-processing (STP) for optimal efficiency gains.
“The partnership between ABBYY and M-Files has allowed us to leverage the respective technologies to streamline our invoice processes and better serve our suppliers. We use the ABBYY and M-Files solution to process thousands of invoices monthly and have been able to substantially reduce operating expenses, shorten processing times and facilitate user friendly search and retrieval of invoice documents.”
ANGELA COSTA, Transactional Services Manager, Probuild (Probuild is a customer of UpStream, an ABBYY Value Added Reseller)
The combination of ABBYY FlexiCapture for Invoices and M-Files delivers a compelling solution that automates the entire end-to-end invoice process from arrival to approval and payment.
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