Digitoo: The key to cost savings and efficient automation

Utilizing Digitoo for invoice, receipt, and order management helps achieve cost savings in several ways:

Reduction of Manual Work

Digitoo can automatically extract information from invoices and receipts, eliminating the need for manual data entry. This reduces the workforce required for these tasks and minimizes the risk of errors associated with manual input.

Faster Processing

Thanks to quick scanning and data extraction, the invoice processing process is significantly accelerated. Invoices can be processed much more quickly, leading to faster supplier payments and better cash flow management.

Cost Savings through Process Change

With Digitoo, significant cost savings can be achieved through efficient automation of invoice, receipt, and order management. By changing processes, companies can minimize the costs associated with manual invoice processing, which can amount to up to 600 CZK per invoice. Without automation, up to eight different individuals may work on a single invoice – from an assistant who scans and records data in Excel or other spreadsheets, to managers who perform verification and approval, to junior accountants who re-enter data, and senior accountants who conduct data validation. Digitoo enables you to streamline this process, saving both time and money.

Minimization of errors

Systems like Digitoo are designed to minimize errors associated with the human factor. This can result in lower costs for correcting and rectifying incorrectly processed invoices.

More Efficient Approval Processes

Digitoo allows for multi-level invoice approval, which is managed by AI. This means that approval processes are better organized and transparent, which can reduce delays and enhance efficiency.

Data verification through ARES, VIES, and financial authorities

Digitoo connects to ARES, VIES, and financial authorities. The tool can therefore check critical criteria such as the reliability of VAT payers, bank accounts, and more. This can help identify and rectify issues and minimize the risk of fines and discrepancies with financial regulations.

Reduction of paper-related work

Digitization of invoices and documents reduces the need for printing, scanning, and archiving paper documents. This saves you on printers, storage, and archiving costs.

Better planning and budgeting

Thanks to fast and accurate invoice processing and improved tracking of financial flows, companies can better plan their budgets and financing.

Overall, it can be said that invoice management systems like Digitoo enable companies to automate and optimize processes around the invoicing cycle, ultimately leading to cost savings and increased efficiency.