Invoice Processing for Insurance

Analysing purchasing transactions and trends across an insurance enterprise can be challenging, often leaving a carrier with an incomplete picture.

Lexmark Invoice Processing for Insurance provides virtual real-time insight into the status of your liabilities for better decision making and cash flow management.

Scan and route invoices directly into your apps

With our standard solution, you’ll immediately expand visibility into your accounts payable. It enables your accounting department to scan, route and enter invoices from the point of receipt directly into your existing financial applications. Your processes will benefit from faster approvals – resulting in reduced processing time for key suppliers and service providers.

Gather invoice information automatically

We also offer advanced, highly scalable solutions that accommodate numerous languages and compliance standards. These solutions enable greater efficiency and process transparency in shared services environments. By incorporating our intelligent capture technology powered by Brainware, these solutions automatically extract data from invoices and other sources to streamline matching, approval and payment processes – eliminating time-consuming data entry and reducing errors.

Benefits of Invoice Processing for Insurance

• Get instant retrieval by linking documents to related records in any business application, including those in your legacy systems
• Resolve vendor or other issues in seconds with real-time access to information
• Automate routine tasks so staff can focus on exceptions and critical issues

To learn more about Lexmark's solutions for insurance, contact us today.