Benefits of KlearStack’s Cloud based Invoice Processing Software

Benefits of KlearStack’s Cloud based Invoice Processing Software

(Last Updated On: April 13, 2023)

Remote working has already cemented its place in the market for its unparalleled benefits for both the employers and the employees. While there are several advantages of migrating to a remote work culture, not having the adequate technical infrastructure to facilitate this generational shift can make things worse for businesses. One of the most crucial technologies that companies have had to invest in for meaningful remote working is the Cloud.

Besides other applications being migrated to the Cloud, the need for migrating your invoice processing tasks to the Cloud is equally important. Cloud based invoice processing software have therefore become popular all of a sudden, because they are the only way by which remote invoice processing can be facilitated.

Keeping this huge influx of service providers in perspective, there are also some gray areas and challenges of using Cloud based invoice processing software. Security threats and loss of functionality are the two major concerns in this regard.

KlearStack on the other hand has made a mark for itself as one of the most comprehensive and convincing cloud-based invoice processing software solutions. By ensuring seamless data security and glitch-free workflow, our AI-based OCR applications help in creating invoice processing automation cultures tailored for every type of business.

Intelligent document processing methodologies developed by our team of seasoned professionals has had far-reaching benefits when it comes to remote invoice processing.

1.   Convenience

Time and again we have discussed that going for the automation of invoice processing tasks is imperative to reduce the burden on working professionals, IT experts, and the business as a whole. However, if the automation strategy is not up to the mark, the burden is only set to increase further. KlearStack has a pointed approach towards increasing the convenience for the end users, while utilizing its cloud based invoice processing software.

At the onset, we ensure that our solution has a seamless integration with the existing company systems. Going further, we work towards having a short implementation time so that the businesses can start obtaining benefits from the Cloud based solution as soon as possible.

Lastly, by constantly working towards pushing strategic updates, we make sure that the best of our technical abilities are being provided to our clients. These three important strategies help us in improving the convenience of automatic invoice processing for all our partners.

2.   Cost Optimization

A cloud based invoice processing software like KlearStack helps you optimize your budget and expenditures on several fronts. Primarily, having a cloud based solution is always cheaper than investing in an on-premises solution.

Secondly, customizing cloud based services as per your requirements is easier, and requires less money. Thirdly, Cloud based monitoring is technically less demanding, thus, the recurring costs in a cloud based setup are always less.

3.   Full Support For Scalability

Clear stack has a demonstrated history of supporting its clients in handling massive spikes in invoice processing demands. Needless to say that the AI-based OCR solution and our intelligent document processing methods are the most comprehensive and robust solutions for small and medium-sized enterprises today.

The ability to expand storage capabilities on the Cloud helps us in accommodating as many processing requirements as possible. Hence, for a resilient invoice processing automation workflow, a cloud based invoice processing software like KlearStack is your best bet.

4.   Robust Security

Invoice data always contains classified information, which is highly vulnerable to breaches and thefts. Therefore, it is important for any cloud based invoice processing software provider to keep data security as their top priority. KlearStack retains cybersecurity professionals who consistently work on making our software solutions more resilient from the security point of view.

Machine learning models ensure that due authentication is completed before payment transfers are initiated. This methodology has proven to be a great mechanism for empowering businesses with higher degrees of security when automating invoice processing operations.

5.   Reduce Burdens

It is high time that businesses realize that their accounts payable specialists have many other important things to worry about than just invoice processing

Manually entering data from physical invoices onto the ERP solutions is probably the most useless thing that a company can expect its AP Specialists to do.

By reducing or rather eliminating the need for invoice processing via traditional manual methods, KlearStack allows accounts payable specialists to devote more time to things that matter. Working on financial forecasting, strategy planning, product placement, supplier contract negotiation, and vendor management being some of them.

Summing Up

Taking your operations to the cloud can transform your workflows completely, and automated invoice processing is no exception to the same.

Choosing a responsible and renowned Cloud based invoice processing software solution like KlearStack is crucial to ensure optimal levels of data security, integration, and efficiency.

To know more about how KlearStack and it’s experts can add value to your invoice processing operations through its cloud based invoice processing software solution, reach out to us for a free demo.

Ashutosh Saitwal
Ashutosh Saitwal

Ashutosh is the founder and director of the award winning KlearStack AI platform. You can catch him speaking at NASSCOM events around the world where he speaks and is an evangelist for RPA, AI, Machine Learning and Intelligent Document Processing.