How Formic Works

Formic automatically scans and processes invoices by recognising the key fields on an invoice.

The example below shows the time saved using Formic Automated Invoice Processing rather than manual invoice processing (keying). Formic is over 2 minutes per invoice faster than a manually keyed invoice. This translates to a massive amount money and time saved for your business.

1) Manual Invoice Processing

On average it takes 2.5 minutes to key the fields of an invoice.

2) Formic Automated Invoice Processing

It takes Formic 6 seconds to scan and process 4 fields and send them to your document management system.

3) Time Saved

2.5 minutes (Manual Keying) V's 6 seconds (Formic) = well over 2 minutes saved per invoice!

Learn more about the benefits of Formic here.

Please contact us on 0870 444 0994 for a free no obligation demonstration.