NetSuite Bill Capture lets you email or drag-and-drop vendor invoices directly into NetSuite. Invoices are scanned into NetSuite using AI/ML-based document object detection and optical character recognition (OCR). Bill record fields are automatically populated with the appropriate details, applying intelligent data recognition and learnings from previous vendor invoices to improve accuracy.
Bills are automatically matched with associated purchase orders and receiving documents to ensure details are accurate. NetSuite Bill Capture helps us ensure the accuracy of our invoice management process by eliminating manual data entry and automating routine tasks like matching invoices with POs to ensure pricing, quantities, and totals are accurate. Helps eliminate manual data entry and tedious tasks like keying and coding invoices to speed up vendor invoice processing. Vendor name, PO number, items ordered, quantity, and pricing are automatically extracted and populate the bill record. A split-screen, side-by-side view of the invoice and the vendor bill makes it easy for AP staff to review.
Manual invoice data entry is eliminated by automating the entire invoice capture process, allowing AP stuff to handle more bills and avoid overpayment, duplicate or fraudulent Payments.
Using SuiteApprovals along with NetSuite Bill Capture allows you to route bills to the appropriate person for review and approval. Workflows can be tailored to fit a company’s specific requirements, reporting structure, and approval hierarchy.