Transform Your AP Process with AI Powered Data Extraction

DespaQ's Data Extraction technology uses advanced machine learning algorithms to automatically extract relevant information from invoices, such as invoice number, date, vendor information, and line-item details. This eliminates the need for manual data entry, which can be time-consuming and error-prone.

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Paperless Invoicing

Operation Efficiency

Cost Saving

Integrated process

Digitized Documents

Extract Maximum Value From Every Invoice

According to a study by the Institute of Finance and Management, businesses that implemented invoice automation technologies such as data capture experienced a 29% reduction in invoice processing costs. This cost includes labor costs associated with manual data entry, invoice processing and payment approvals.

In addition to cost savings, invoice data capture technology can also improve the accuracy and efficiency of invoice processing. A study by PayStream Advisors found that invoice automation can reduce invoice processing times by up to 80%, enabling businesses to process a higher volume of invoices in less time and with fewer resources

Instant ROI

The journey to achieving world-class AP automation begins with invoice data capture, which enables businesses to efficiently process paper invoices and transition towards a fully electronic invoicing environment. It is the first step towards optimizing your AP department and achieving peak performance.

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Undisputed Relationships

There’s no need to disrupt your supplier processes to implement our invoice data capture solution. The technology supports you from the beginning, even for suppliers who are not equipped to use e-invoicing. With our data capture technology, we can normalize inbound invoice formats and maintain positive working relationships with your suppliers.

The Bottom Line

Our solution removes the burden of manual paper processing, minimizes the risk of human error, lowers your cost per invoice, and enables your teams to focus on value-added tasks that can drive growth and enhance decision-making. With our technology, you can optimize your accounts payable process and allocate resources towards activities that can drive business success.

Transform Your Invoice Processing: Say Goodbye to Manual Data Entry

Discover the Power of Advanced Machine Learning Technology

AI Driven Automation
According to a study by Ardent Partners, organizations that implement invoice data capture technology see an average reduction of 29% in their invoice processing costs.

Document Classification and Validation
A report by Billentis found that businesses using invoice data capture technology can process invoices up to 80% faster than those relying on manual processes.

Analysis and Reporting
A survey by The Hackett Group showed that invoice data capture technology can reduce invoice processing time by up to 50%, leading to a 2-3% reduction in processing costs as a percentage of spend.

Streamline Your Accounts Payable Process with Invoice Data Capture

Transform your AP workflow and unlock hidden value with advanced invoice data capture technology.

According to a study by Ardent Partners, organizations that implement invoice data capture technology see an average reduction of 29% in their invoice processing costs.

A report by Billentis found that businesses using invoice data capture technology can process invoices up to 80% faster than those relying on manual processes.

A survey by The Hackett Group showed that invoice data capture technology can reduce invoice processing time by up to 50%, leading to a 2-3% reduction in processing costs as a percentage of spend.

A study by Aberdeen Group revealed that invoice data capture technology can improve invoice processing accuracy by up to 67%, leading to better financial reporting and decision-making.

A world-class AP process delivering real business value

100% invoice visibility, end-to-end

Gain instant access to line-level invoice data, track statuses, and monitor AP performance with real-time insights.

Guaranteed Invoice Delivery

Suppliers receive invoice delivery guarantee and real-time tracking, minimizing calls and emails by up to 60%

Get all invoices digitally, no matter how submitted

DespaQ accepts diverse supplier invoice formats and converts them to digital. This streamlines invoicing and reduces manual handling

Real-time data for better procurement

DespaQ offers real-time procurement data to enhance decision-making and identify price fluctuations for better procurement strategies

Watch how automation solves common AP challenges!

Avoid errors and delays with accounts payable automation. Watch our video. Watch our video to find out how accounts payable automation can help you solve these common issues!

Transform the way you handle your AP Automation; transform the way you do business.

Learn how DespaQ can help take your finance automation to the next level.