Automatic invoice capture via OCR

Automatic invoice capture via OCR

Say goodbye to manual and time-consuming invoice capture and simply have invoices read automatically via OCR.

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Automatically capture all relevant invoice data

Reduce manual errors & subsequent corrections

Faster further processing of your account payable processes

Automatic invoice capture via OCR

Never type invoice data manually again

With finway, you don’t have to laboriously decipher and type invoice data. OCR invoice recognition automatically reads your invoices and captures all relevant invoice data.

Upload multiple invoices at once via bulk upload

Bulk uploads of multiple invoices

Upload several invoices to finway at the same time via bulk upload. These are automatically read out via OCR and can be processed and paid directly.

Assign uploaded invoices directly to existing purchase orders

Matching of purchase orders and subscriptions

Match invoices from the invoice inbox directly to previously created purchase orders or subscriptions. If no matching request exists yet, you can create a new invoice request out of the invoice inbox.

Archiving of all invoices and convenient search

Unlimited and secure archiving

All invoices and receipts can be retrieved at any time in finway using the search function and can be stored indefinitely.

Procedure for digital invoice receipt processing

In many companies, invoices are received in different places. The finance department faces the challenge of collecting all invoices and receipts. Often, invoice data is entered manually and subsequent invoice approvals are obtained manually. This not only delays approvals, but also payments and the preparation of the month-end closing. With digital invoice receipt processing, you collect all invoices centrally in one tool. Automatic invoice capture in turn saves time when extracting the relevant data. Not only do you always have all invoices at hand, but you can also process incoming invoices quickly, avoid errors when entering them and no longer have to chase after receipts or invoices.

FAQ about invoice receipt

What is OCR, what does it do?

OCR stands for Optical Character Recognition. With the help of OCR, finway can recognise text from an invoice PDF or a scanned invoice and extract this data for further processing.

Which invoice data is captured via OCR?

OCR captures all relevant invoice data such as the invoice date, the amount, the invoice number and the supplier or service provider. Invoice capture via OCR also works for invoices with multiple invoice items.

What are the advantages of automatic invoice capture?

With the automatic recognition of all relevant invoice data, you no longer have to enter data manually, can process incoming invoices directly and avoid errors when entering them.

Can invoices and receipts be scanned while on the move?

You can use finway on all end devices and photograph receipts and invoices on the go and upload them to the tool.

How does email forwarding work?

You can forward emails with an invoice attachment to a provided finway email address. The attached invoice is then automatically uploaded to your invoice inbox. All employees who are registered in finway can use the forwarding function. The e-mail forwarding must be done from the same e-mail address with which the employee is registered in the system. While employees only see the invoices in the invoice inbox that they themselves have sent to the finway email address, admins have access to all invoices in the inbox. With email forwarding, you can ensure a fast and reliable transmission of your invoice to your finway account.

Does finway support archiving of electronic invoices?

With finway, you have access to all invoices and receipts at any time. The storage of your documents is unlimited.

Get to know finway

Our experts will guide you through the tool in approx. 30 minutes without obligation and will work out potentials for your company together with you.

  • Insights into the product functions
  • Answers to all your questions
  • Individual advice for you and your team
  • Tanja Reinhardt, Account Executive bei finway
  • Daniel Tichy, Account Executive bei finway
  • Frank Lautenschläger, Account Executive bei finway