Laserfiche Smart Invoice Capture Using Laserfiche Quick Fields
Laserfiche offers multiple options to bring an invoice into the repository. Depending on the source, Laserfiche Scanning can scan the paper invoice directly into Laserfiche, and the Laserfiche Snapshot printer can be used to import digital files as images into Laserfiche. Laserfiche also offers several additional tools to facilitate processing a high volume of invoices. This article describes how to use Laserfiche Smart Invoice Capture, part of Laserfiche Quick Fields software suite.
After importing the invoice into the Laserfiche system, the data is extracted automatically. The Laserfiche Smart Invoice Capture Profile eliminates need for manual data entry by automatically extracting key information from the invoice, such as Invoice Numbers and Vendor Names. The Smart Invoice Capture Profile uses machine learning to recognize and extract these pieces of information. These are stored as metadata tokens and are attached to the document for further process automation.
By using artificial intelligence to extract key metadata, Laserfiche reduces the amount of manual data entry. This can prevent typos and other issues associated with manual data entry. It also greatly reduces the time it takes to process the invoice. Added together, more accurate processing of invoices for payment reduces late fees, preserves the corporate image, and can even add to the bottom line by taking advantage of early pay discounts.