Discover how the SMART EXTRACT functionality transforms the management of e-invoices in financial and accounting departments.
In large and medium-sized companies, employees in the financial department handle numerous e-invoices that need to be processed. These invoices often contain vague or incorrect commercial information, leading to errors and inefficiencies. Profluo eliminates these ambiguities and errors, streamlining the processing of commercial information from e-invoices.
Pain Points
The employees frequently encounter:
Difficulty in validating e-invoices against contracts and related orders.
Incorrect registration of e-invoices to management locations or cost centers, leading to financial discrepancies.
Main Flow
In the bustling finance department, Maria, an accounts payable clerk, is overwhelmed with the daily influx of e-invoices from suppliers. Each invoice needs to be meticulously checked against contracts and orders and Maria must go to the commercial coordinators or contract managers to get the relevant details. This activity is made even more frustrating by frequent errors and ambiguities in the commercial information provided in the e-invoice by the supplier.
Frustrated by past experiences, she turns to the newly implemented Profluo system and its special feature: Smart Extract.
The introduction of Profluo’s Smart Extract functionality has revolutionized the way Maria, and her colleagues handle e-invoices. The pain points of dealing with vague and incorrect information are now a thing of the past, as the automated system allows them to focus on more strategic financial tasks while ensuring the accuracy of commercial information in e-invoices.
