Effortless Bookkeeping Made Simple: Discover the Features and Benefits of Auto Bookkeep
Auto Bookkeep is a RPA (Robotic Process Automation) software which is designed to streamline and automate the invoice management process. It uses optical character recognition (OCR) technology to extract data from the invoices, validates key data and helps in posting the invoice data into General Ledger without any manual data entry.
The software typically scans or imports invoices in various formats, such as PDF or scanned images. It uses OCR technology to extract key data points like vendor name, invoice number, date, line items, amount etc. The extracted data is then validated against predefined rules. Finally, the software performs automatic posting of the invoice data into accounting software
The key benefits include:
Time Saving → Automation eliminates manual data entry, reduces processing time, minimize errors, efficiency improvement for repeated tasks, improves resource utilization which in turn results in saving considerable costs and time
Improved Accuracy → OCR technology ensures accurate data extraction and validation, reducing the human errors
Enhances Productivity → By automating repetitive tasks, frees up your employees time for more value-added activities
Transparency → Not only it eradicates human errors but also boosts transparency in the system
We handle various invoice formats including pdf, scanned images. In future we shall be supporting electronic formats such as EDI or XML
Auto Bookkeep comes with robust security measures to protect sensitive financial information.
The level of accuracy depends on the quality of input document i.e. the PDF or scanned image. The accuracy increases with the quality of invoice, we can expect accuracy of 90-95 percent on repetitive documents and for newer documents it would be 60% plus, with the training on invoice formats, this accuracy keeps increasing. The accuracy improves as a particular format is scanned repetitively
There is no limitation in terms of number of invoices which can be processed through Auto Bookkeep
Apart from Retail ViVA & Sugarcube ERPs, our Auto Bookkeep supports posting into Tally Accounting software. In future we shall be supporting accounting software like Xero, QuickBooks, MYOB, etc.
Our delivery team shall provide the necessary training to comfortably handle the software. We have a robust ticketing processing mechanism in place wherein our team shall provide necessary support as per the needs
Auto Bookkeep is on SaaS based cloud model and is charged on per user per month basis. Please contact the sales team for a proposal as per your needs