Automated invoice processing with Microsoft Dynamics NAV

ImageCapture for Invoices is user-friendly scanning and recognition software for automated invoice processing with Microsoft Dynamics NAV. The software automates the processing, archiving and approving of your cost invoices in Microsoft Dynamics NAV.

Direct integration

ImageCapture integrates fully with Microsoft Dynamics software and uses all the master data and booking logic from your administration when processing your invoices, without the need for periodic synchronisation.

You manage your data exclusively in Microsoft Dynamics NAV.

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Importing

Invoices received by mail are scanned, invoices received by email, e-invoicing or portal are imported and processed in ImageCapture. At this stage, you can assign free fields such as administration codes and booking date.

These fields extract their information directly from your Microsoft Dynamics NAV records, this means there is no need for periodic synchronisation with master data tables.

Coding

By using all available master data and booking logic from Microsoft Dynamics NAV, ImageCapture provides an automatic booking entry proposal for checking and further coding of the invoice. This supports all administrative fields such as general ledger accounts, cost centers, cost carriers and project codes.

For invoices which are regularly broken down into several accounting lines, automated invoice processing with ImageCapture for Invoices offers the great advantage of line recognition. This allows an imported invoice to be presented directly as a multi-line booking proposal.

Matching

Purchase order related invoices can be matched directly to open orders and/or receipts in Microsoft Dynamics NAV. In doing this, ImageCapture not only reads the invoice’s header, which matches the total value of the read invoice’s amounts received lines of the purchase order number, but depending on the invoice lay-out, also reads the invoice lines. The article numbers, numbers, description, gross and net prices are also read. Based on these, matching is carried out at on the purchase order at individual line level to reveal any differences in invoiced numbers and purchase prices.

If there are any deviations, administrative corrections can be carried out, such as the amendment of the expected purchase price or entering price differences and freight charges. In the cases of large disparities, the invoice will be created and put on hold in Microsoft Dynamics NAV, whilst awaiting the receipt and processing of a credit note.

ROBOTIC ACCOUNTING

It is possible to have invoices processed fully automatically in ImageCapture, without human interaction. This can be done using robotic accounting functionality. This functionality can be activated per creditor or administration, and can be used for purchase order invoices, for example. If these 100% match the previously placed order in Microsoft Dynamics NAV, the invoice can be posted automatically.

UBL invoices can also be processed fully automatically in this way, as can the invoices of creditors selected by you. For example, when invoices contain monthly recurring costs, or when recognition of these invoices is always 100%.

Entry

After the invoice has been processed and coded in ImageCapture, the registration is exported in XML format to an import and processing functionality to be configured by the Microsoft Dynamics NAV partner.

If the invoices must first be digitally validated before payment, ImageCapture receives an XML message back indicating whether the registration was successfully read in and processed. The document can then be viewed in Microsoft Dynamics NAV from all relevant angles.

Approving

During the processing of the invoice, based on the procuration scheme in ImageCapture, the correct authorization list is immediately selected, taking into account preset threshold amounts. Based on these thresholds, invoices are only presented to management for approval if they exceed a certain amount. The authorisation scheme can be configured according to creditor, administration, type of invoice or other accounting dependencies.

Approvers automatically receive a notification that invoices are ready for review in ImageCapture, along with a link to the ImageCapture web client. The booking is then already entered in Microsoft Dynamics NAV with the status blocked for payment. Also, the digital document is already retrievable from the booking in Microsoft Dynamics NAV. When the approver logs into ImageCapture, a complete overview of invoices to be approved and invoices in process is displayed.

The extensive workflow functionality allows the approver not only to approve or reject, but also to ask a question to a colleague, delegate the invoice to a colleague or skip it, for example while waiting for an answer from the supplier. When reviewing the invoice, all current booking information from Microsoft Dynamics NAV is visible, also at the logistics level, for instance order number, prices and quantities are visible.

Also shown are the approvers following in the review process and all audit trail information from the preceding process steps. From the moment the invoices are imported into ImageCapture, they become part of the digital archive, including all booking, approval and process information. The digital archive in ImageCapture is searchable with text labels. Access to the documents in the digital archive can be set up very dynamically, for example on the basis of booking fields such as administration, ledger account or amount.

The archive functionality can be expanded with a management reporting tool. This gives you full insight into the status of your invoices at all times and keeps you in control of costs, lead times and payment terms of your suppliers. In addition to the digital archiving of your invoices in the ImageCapture archive, the digital document complete with audit trail is also directly retrievable from the booking and various other angles in Microsoft Dynamics NAV.