When so many companies all over the UK have the major part of their Finance Teams working remotely it has become more important than ever to find ways to process, approve and store invoices in a digitally manner.
But is it really just about keeping digital record keeping or is it also about looking at ways to increase productivity levels and cope with the increasing number of invoices Finance Teams must process on a daily basis?
The truth is that Finance Professionals have realised a long time ago that only by going digital is that they can realy automate document management processes, invoice scanning and invoice approval routines so one main question still remains: What are HMRC Guidelines on Digital Record Keeping?
According to HMRC, invoices can be kept on paper, digitally or as part of a software program. It is really up to you to decide how you want to keep your accounting documents as long as they are kept accurate, complete and readable.
This means that Finance Teams can automate invoice scanning, invoice processing and invoice approval routines and remain compliant with HMRC Guidelines on Digital Record Keeping. In fact by scanning invoices as soon as they are received, it is easier for Finance Teams to ensure that invoices are kept in good condition, easily accessible and readable while, at the same time, implement invoice processing automation systems to speed-up invoice scanning processes, invoice data input and invoice approval routines.
Only by going digital is that Accounts Teams can reduce time spent on manual data input by implementing OCR Systems that automatically capture invoice data; speed-up and gain control over approval processed by implementing online invoice approval systems; and get all invoices automatically archived and easily accessible by having them automatically attached to the corresponding accounting data in their accounting software.
Finance Departments using Sage can then easily join thousands of other Sage users who are already benefiting from the unique invoice processing automation features powered by Sage Certified Document Management Software. A powerful Accounts Payable Automation Software that gives Finance Teams using Sage easy access to:
- Automatic Invoice Recognition
- Automatic Invoice Scanning to Sage
- Automatic Upload of Invoices to Sage
- Invoice Retrieval from within Sage
- Online Approval of Invoices
- Automatic Matching and Closing of Purchase Orders
- Full Automation of invoices received via email
Learn more about HMRC Guidelines on Digital Record Keeping by Clicking Here or Learn More About Sage Certified Document Management Software by Clicking Here
How does AP Automation Software for Sage work?
Powered by Sage Approved PaperLess Document Management, the Accounts Payable Automation Software for Sage is becoming the top choice of Sage users to automate invoice scanning, invoice data capture processes and invoice approval routines because it offers within the same system Automatic Invoice Recognition for Sage, Automatic Upload of Invoices to Sage and Online Invoice Approval.
From the moment invoices are scanned into the system, this Sage Authorised Document Management Solution will automatically capture all relevant data from the invoices so that, once reviewed by the Finance Team, they can be automatically posted to Sage. On posting invoices will be automatically attached to Sage so that invoice retrieval can be done directly from the corresponding transaction in Sage.
Listed on HRMC Record Keeping Software Providers List, which presents to users a number of software suppliers that have produced record keeping applications to help accounting professionals manage their accounting documents, the goal is not just to help companies keeping their records digitally but also to deliver full document management automation fully compatible with Sage 50cloud, Sage 200cloud Professional, Sage 200cloud Standard and Sage 200 Extra Online.
