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Automated Invoice Reconciliation

Automated Invoice Reconciliation
  • April 19, 2022

A vital function of a business’s operations, is the precise tracking, cross-referencing and processing of the money-out function – basically, the accurate management of outstanding invoices, and ensuring they match the amount of money being spent on paying them.

Ensuring harmony in this crucial facet of bookkeeping means financial accounts are, firstly consistent, and then of course, clean. This means that a business’s financial department has clarity of sight of invoices that have been paid and any outstanding bills. 

But invoice reconciliation, as a manual task, can be time-consuming, and prone to human error. 

DOKKA’s pioneering software, smart AI, and machine learning, fully automates account reconciliations. 

Here’s what that can mean for your business:

Automated invoice reconciliation saves time – no more manual data entry

Invoice reconciliation can be an involved task, and when it’s driven entirely by human input, errors can happen. DOKKA’s automated reconciliation process for invoices removes the need for manual data entry, freeing up your accounting professionals for work that’s more creative for them, and largely eliminating data error in the accounts department.

Automated invoice reconciliation ensures accuracy – no more missed invoices or payments

Invoice reconciliation, essentially, ensures money leaving an account matches the money being spent on bills and invoices. When done regularly and correctly, the process will guarantee the sound balancing of the books, for clean accurate reporting.

Automated invoice reconciliation is secure – all data is encrypted and backed up

Data is automatically captured by DOKKA through AI learning that recognizes, extracts, and captures information according to your business’s processes:

Minimal manual input

All data from uploaded documents is captured and added to a digital template. All the user needs to do is cross-reference the captured data with a quick proof, and then click send.

Drag and drop, copy and paste

If the information that is populated is not correct, the user can manually interact by dragging and dropping, or copying and pasting data to the right fields. DOKKA’s teachable AI will then understand every similar document needing similar output – the information will be corrected automatically, going forward.

Duplication prevention

DOKKA’s ability in intuitive learning means that every duplicate document on the system will be quickly found and identified – any duplication warnings will be sent to stakeholders on the account, and the accounts department, as an alert.

Automated invoice reconciliation is easy to use – anyone can use it, regardless of technical expertise

DOKKA’s AI system is the pinnacle of invoice reconciliation and its automation. What’s more, the tool needs minimal setup and training. Store data in the cloud, retrieve documents, and create virtual folders for faster invoice processing and more accurate filing – it’s a smart tool to automate reconciliation in invoicing, for cleaner records, and better accounting.

Are you looking to automate your invoicing for better record keeping, and to reduce the possibility of error and fraud?

DOKKA’s automated invoice reconciliation is the first step to the business harmony that comes with a streamlined digital filing system, and accurately balanced books.

Switch to DOKKA, and harness the power of AI for better accounting, and better business. 

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