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.
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.