Processing Invoices Automatically Reviewed : December 22nd, 2003 Ref: 271-ENG-MKG-INV-05-DOC , Copyright© 2003 SWT Web Site : www.swt-concept.com Processing Invoices Automatically CONTENTS A. FROM TRADITIONAL INVOICE PROCESSING… .........................................................................................................4 A.1 A COSTLY AND TIME CONSUMING ACTIVITY.........4 A.2 THE KEY ISSUES FOR ACCOUNTING DEPARTMENTS...............................................................................................4 A.2.1 Relying on Accurate Information.................................................4 A.2.2 Reducing Costs.........................................................................................................4 A.2.3 Tracking and Solving Problems Rapidly......................................5 A.2.4 Focusing on the Relationship with Suppliers...............................................................5 A.2.5 Transferring Data to ERP or Accounting solutions.......................................................5 B. …TO AUTOMATIC INVOICE PROCESSING…..............................................................................6 B.1 GENERAL PRINCIPLES .......................................................................6 B.1.1 Automatic Extraction of Accounting Data....................................................................6 B.1.1.1 Automatic classification.................