Boosting productivity with IRISXtract™

IRISXtract™ AP solution

IRISXtract™ simplifies and accelerates various business processes with the reduction of manual activities in the company.  IRISXtract™ does free-form extraction of incoming invoices and delivery notes that arrive daily by mail or e-mail. Attachments are marked directly in VERIFY and are not processed further. The AP automation application of IRISXtract™ enables a simple transfer of the acquired data into the downstream DMS system. This means that both the documents and the information obtained are available to all parties involved. Due to the bidirectional connection of IRISXtract™ to the ERP system (Sage) and financial accounting system (BMD), the accounting data is automatically integrated at Gföllner. This enables easy booking of the receipts.

Advantages through IRISXtract™

Due to the use of IRISXtract™, a lot of time is saved and an enormous increase in quality is achieved through the high degree of automation, such as duplicate recognition or the reduction of data entry errors. The result is a harmonisation of the processing of invoices and delivery notes through clear and consistent processes. Another effect of using IRISXtract™ is the improvement of supplier relations through simplified compliance with payment terms and the utilisation of discounts. There is also greater transparency due to the process optimisation brought about, such as the automatic linking of documents to orders, articles and projects. The digital capture of receipts means that paper archives are no longer necessary.

Shortly after the rollout, we already saw considerable benefits from IRISXtract™ in capturing and processing purchase invoices. We are impressed by the solution and the technology from IRIS.

Thomas Peer, Head of IT, Gföllner Fahrzeugbau und Containertechnik GmbH

Solution with:

  • Up to 60,000 pages processed per year
  • Processing time reduced by more than 80%
  • Significantly higher quality