The Supply Chain in 2025: What to Expect
In 2025, the Supply Chain continues its evolution toward “Logistics 4.0,” inspired by Industry 4.0. Two major characteristics define this…
Generix & Open Sky Group Advance Their Joint Mission to Accelerate Supply Chain Digitization in North America View the press release
Generating invoices can be a long and tedious process when it is still done physically. According to a GS1 France survey (FR), the average cost of issuing or receiving an invoice can be divided by 4 by dematerializing the invoicing process.
Thanks to the recent deployment of new technologies that are now mature, it is possible to generate even greater cost savings by automating the dematerialization of paper invoices and the processing of electronic invoices.
The advantages of automation are not only financial. Indeed, it also allows to avoid re-entering errors, to centralize the company’s information in structured file formats or to multiply audits and automatic controls of invoices in order to better identify duplicates, frauds or documents that do not comply with the legislation.
For these reasons, the European Commission itself is encouraging the democratization of structured electronic formats (with the EDI format and now the Factur-X format), international formats that comply with European standards and facilitate exchanges between companies in different countries.
To facilitate dematerialization in compliance with these new standards, tools have been developed to manage electronic invoicing. This is the case of Generix Invoice Services which includes in particular :
But these management tools do not stop there and are being expanded as technologies progress. Generix Invoice Services has thus acquired a new solution, Generix AP Automation, which enables to automate many invoicing processes by taking into account recent innovations in artificial intelligence.
For the processing of invoices in unstructured formats, OCR (Optical Character Recognition) techniques are now available. These processes, dedicated to the automatic translation of printed or typed text images into text files, allow the transformation of paper or printed invoice scans into electronic invoices in structured format.
Generix integrates a new generation OCR engine (Cognitive Data Capture) into its automation solution. This engine ensures a high recognition rate (without having to
The Generix AP Automation solution also guarantees the automatic processing of electronic invoices and integrates to this end several tools for :
The last challenge of automation is also to facilitate the rest of invoice management: auditing, archiving, regulatory compliance… Thanks to its algorithms, Generix AP Automation offers partial or total automation of these crucial steps by ensuring :
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