V1 provides automatic end-to-end processing and archiving of incoming Purchase Invoices, Sales Invoices, GRNs and Delivery Notes.
The V1 Automation solution integrates into your accounts software to digitise your invoices. The integration allows incoming PDF invoices (via email or scanning device) to be digitally read before automatically posting to your purchase ledger via Tharstern.
Line by line PO matching to orders in FMS.
Automated responses to suppliers who send invoices with incorrect information or no PO.
Automated internal emails to set up new suppliers on FMS.
Optional access to archived documents via drill down functionality in FMS, or via the https-based V1 SmartSuite portal.
Implementing the Invoice Automation module of V1 can provide a 70% reduction (or more) in manual input in Year 1. V1 help their customers achieve up to 95% automation by Year 3.