BDO Invoice Digitization

BDO Invoice Digitization: 
Intelligent invoice processing to support tax and financial processes

BDO Invoice Digitization is a tax-related IT solution that helps companies simplify their financial and tax processes by automating invoice processing. The solution aims to reduce manual data processing, increase processing accuracy, and reduce operating costs and risks. 

How does it work? 

The BDO Invoice Digitization solution automatically processes incoming invoices and related documents, regardless of their format or country of origin.

Key features: 

• Recognition and structured extraction of invoice data
• Forwarding of invoices and data to related systems
• Integration with existing financial, accounting, or ERP systems
• Operation without a user interface, without interrupting existing workflows

What does BDO Invoice Digitization offer? 

The solution offers the following functional benefits:

• Automatic recognition of domestic and foreign invoices
• Extraction of unique data (e.g., order number/PO number)
• Digitization and archiving of paper-based invoices
• Provision of more complete data content beyond the limitations of NAV XML
• No special hardware required (e.g. dedicated scanner)
• Low operating and maintenance costs 

What can it be used for? 

• To automate invoice processing
• To reduce or eliminate manual data entry
• To support accounting and financial processing
• To process foreign invoices efficiently and uniformly
• To solve archiving and document management problems
• To make better use of payment deadlines and discount opportunities

Useful information 

Typical challenges justifying the introduction of the solution:

• Significant manual work involved in invoice processing
• NAV XML does not contain all the data required for accounting
• Invoice images are essential for proper processing
• Foreign invoices are currently typically processed manually
• Storing paper-based invoices requires significant space and costs

BDO Invoice Digitization aims to address these issues by increasing control, reducing risks, and relieving the burden on processing areas.