DTI AG

Shorter processing times, lower costs, higher productivity, paperless invoice processing, increased transparency over expenses and processes, as well as reliable cash flow forecasts - this is what every finance or accounting manager desires. How can this be achieved? First, invoices must be digitized using scanning devices or multifunction printers. Then, the invoice data is extracted, assigned, and transferred into the recognition software using a so-called recognition software through field indexing (e.g., invoice, order, or project number). From this point on, a process is initiated: order-based or recurring invoices are automatically matched and accounted for with the corresponding orders or existing payment plans; in case of discrepancies with the order data or for some non-order-based invoices, the invoices are manually forwarded for review. Thanks to seamless electronic processes, the following advantages arise: - Reduction of processing times for invoice processing by up to 70% - Improved workflow - Maximization of discounts - Assurance of tracking, enabling the clerks in the accounts payable departments to provide reliable information about the status of invoices. Additionally, an overview of expenses (by category, budget, project, supplier, etc.) is provided, and key figures about suppliers (e.g., deviation rates with orders, payment terms, etc.) are calculated. Advantages: - Savings through consolidated supplier expenditures - Quality ranking of suppliers - Cash flow forecasts - Improved budget control For more information, visit https://www.dti.ch/roi-mit-basware