ELAP™ for H&L is a jointly developed solution with H&L to deliver full functionality to our mutual customers. It's not just an Accounts Payable Automation Solution, lok at what else it offers below.
H&L offer a full stock management solution for Food and Beverage venues.ELAP™ for H&L is a powerful and intelligent automated solution which captures, extracts and transfers critical data from any document into H&L through seamless integration.
ELAP™ intelligent document capture software automatically reads any invoice (or document for that matter), regardless of its format, layout, tabular data, fields or length. In real terms, this means the accounts payable process can be carried out from start to finish more efficiently and effectively.
When the goods are delivered, the invoice is checked against the stock. The invoice is then scanned into an office scanner. ELAP™ automatically extracts all the information from data contained on the invoice. This includes the PO number (if used), invoice number, ABN, suppliers contact and address details, GST amounts, stock information and any other information required from the document. ELAP™ can then automatically check the invoice data against the H&L database for variance amounts, expected costs etc at a rate of 1000 characters per second (so on average up to 50 invoices per minute can potentially be checked). The data is sent automatically into H&L
Now that’s efficient!
White Papers
Business transactions can be thought of as ‘conversations,’ where information is exchanged as documents, email messages, instant messages, and fax transmissions. Effectively communicating with your customers, partners, and suppliers through any combination of these can be a significant challenge. Therefore, it should be no surprise that companies around the globe struggle to solve this problem without increasing their labor costs. This white paper proposes a 5-step approach to automate an accounts payable operation, describing the typical costs of processing invoices manually and the saving that can be achieved with each of the incremental steps.