Billing Data Analyzer

The Billing Data Analyzer, developed by MHC Automation, is a software solution aimed at automating end-to-end invoice management for businesses of various sizes. According to the vendor, this solution streamlines the invoice processing workflow, ensuring accurate data capture, consistent reporting, and predictable financial outcomes. The Billing Data Analyzer is designed to cater to a wide range of professions and industries, including telecommunications, healthcare, education, manufacturing, and financial services.

Key Features

Capture all Your Invoices: According to the vendor, the BDA AP Invoice Automation captures data from every page of every invoice, eliminating the need for manual processing and presenting the extracted data in concise workflows for easy action.

Process and Standardize the Data: The vendor claims that the BDA applies your company's governance and formatting standards to ensure accuracy and compliance. It enables auditing of every character in 100% of your invoices, which can potentially reduce errors.

Integrate Automated Invoice Processing into Your Business: The vendor states that the BDA seamlessly integrates into existing workflows and systems, including any enterprise resource planning (ERP) system, allowing businesses to quickly incorporate automated invoice processing.

Any and all invoice types – 3,000 formats, and more being added: According to the vendor, the BDA supports processing invoices in various formats, accommodating over 3,000 different formats and adapting to new invoice formats as they arise.

You set the rules – around geo-coding, auditing, and more: The vendor claims that the BDA allows you to define rules for geo-coding, auditing, and other aspects of invoice processing, giving you control over governance and formatting standards.

Custom workflows – for approval routing that fits your unique business: According to the vendor, the BDA enables the creation of custom workflows tailored to your business's approval routing needs, aligning with your unique invoice processing requirements.

Automated exception handling – to cut manual work except where it's needed: The vendor states that the BDA automates exception handling, reducing the need for manual intervention and preserving manual work for exceptional cases that fall outside the automated handling capabilities.

Inventory and tariff checking – giving you confidence in your numbers: According to the vendor, the BDA includes inventory and tariff checking features to ensure accuracy in billing calculations, potentially boosting confidence in financial numbers and reducing the risk of errors.