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Tipalti unveils Cloud OCR to invoice processing workflow

GRC Announcements | October 21, 2016

Tipalti has announced the addition of Optical Character Recognition (OCR) technology to its invoice processing module.

The solution automatically scans inbound invoices from e-mail and the Tipalti supplier portal, extracts the invoice details for processing into the invoice workflow, and triggers multiple organizational approvals.

The invoice module is seamlessly integrated into Tipalti’s end-to-end AP automation software, allowing finance departments to manage their entire global supplier payments operation with one holistic cloud platform. With this release, once invoice approvals are completed, AP staff can then schedule, manage, and execute cross-border supplier payments from Tipalti. Tipalti’s solution then handles mass B2B payment runs across multiple payment methods and currencies, and delivers real-time payment reconciliation reporting synced directly into the ERP or accounting system of record...

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