- R&D 100 Awards
Conexiom is the only 100-percent accurate invoice automation solution, without using Optical Character Recognition (OCR) technology, on the market. An easy-to-implement, cloud-based software solution, Conexiom Invoice Automation Solution allows companies to treat invoices like standard electronic documents. Capable of handling unlimited variations in format, it extracts the critical data from the files, seamlessly transmitting it to the company’s Enterprise Resource Planning or financial system. It is then automatically routed to the appropriate channels with total visibility. With Conexiom, the need for expensive, error-prone manual invoice entry is eliminated without the need for companies to inconvenience their customers by changing the way they communicate. Conexiom presents significant benefits to its customers. This includes improving invoice processing speeds by 75 percent from 27 days to mere minutes, reducing the company’s administrative and transactional costs by 80 percent from $15 to $3, and eliminating costly errors entirely. Conexiom is a cloud-based solution requiring no need for investing in new software or physical machinery. It uses patent-pending intellectual property to ensure that data is captured and transformed accurately, without using OCR technology.