Slingshot Innovates with “Touchless” Invoice Matching

Touchless matching substantially reduces the invoice processing labor while improving accuracy.  In many environments 70% of PO invoices can be processed automatically.

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Invoices are scanned in or emailed to an “Unprocessed” folders.  A background process selects the images for a document, interprets them (OCR) and performs a two-way (Invoice to PO) or three-way (Invoice to PO to Receipt) match.  Discrepancies (price or terms) are automatically identified and forwarded to a responsible user for resolution.  The images are attached to the electronic record in Slingshot and can be viewed wherever this record appears.
“Touchless Matching” is available in release G2-11.2 of Slingshot’s purchasing and accounts payable applications.  For more information contact Slingshot sales representative at sales@slingshotsoftware.com.