Invoice Processing for Dynamics 365

AP Automation for Microsoft Dynamics 365 Finance & Operations

Using Invoice OCR Data Extraction with AI

AP Automation and Invoice Processing for Dynamics can be difficult, and the most complex part in the overall process is the accurate extraction of invoice header and line item data. Even a small number of invoice volume for an Accounts Payable department can be a huge time drain for staff and average ap departments are 4000-500% slower that those that are best in class. The embedded video shows a quick overview of the AP automation process using Ephesoft Semantik and the Power Automate Invoice Connector to increase straight through invoice data rates, provide invoice validation, invoice approval automation and integration of invoice data and documents to Microsoft Dynamics 365 or GP. You can get a trial here:

AP Automation for Invoices

Dynamics, Ephesoft & Flow: Document Driven Intelligent Automation

Using Unstructured Content to Drive Efficiency in ERP/CRM Systems

Let’s face it, manual data entry is an efficiency killer.   And in the world of ERP and CRM systems, the amount of data required to properly create an entity (Accounts, Contacts, Agreements, Work Orders, Scheduling, Tasks, etc.) can be mind numbing.   Manual data entry is a distraction from more important work, and is often accomplished in a rushed, “just get it done” state.  This leads to errors and skipped fields that can be important to an organization’s analytics and data strategy.  How many important fields in your own system are blank?  Are records properly related?  Automating these mundane tasks has 3 core benefits:

1. Standardization – using automated technology provides a standardized process, where business rules are applied to every instance, and exceptions can be handled in a rapid manner.
2. Repeatable – automation creates a repeatable process that can be accomplished any time, any where, regardless of how it is initiated, or the source of the process.
3. Efficiency – creating an automated process improves overall turnaround time, creates efficiency in business and reduces errors (See more on the true impact of errors here: 1-10-100: The True Cost of Errors.

In a recent study by CapGemini, 86% of respondents agreed that process automation can reduce costs and risk, and aids in compliance. 89% believed that using process automation increases the quality of work.  So we know the downside of manual entry, and we know the upside of automation.  What is the shortest path to a solution?  I would argue documents.

In the demo video below, I use a signed agreement (In the form of a PDF), to drive automation.  The solution uses Ephesoft to classify the agreement type and extract all the pertinent data.  It then uses a combination of Microsoft SharePoint and Flow to facilitate the auto-creation of Dynamics CRM entities, with zero manual data entry.  You can watch the overview and video below:

 

This is just a sample of how the technology can work for you.  Comments?