Wolters Kluwer Tax & Accounting UK has today announced the launch of a new Sage integration with Basecone, its cloud expense management app. The only real-time workflow app to feature Optical Character Recognition (OCR) for automating key bookkeeping processes such as invoice capture, processing, approving and booking of sales and purchase invoices, users can now integrate to the Basecone solution from Twinfield, Xero, and Sage.
Basecone was developed to handle digital documentation and receipt and invoice capture on the go; capturing and processing these documents for bookkeeping in place of what has traditionally been a manual, mundane, paper and time intensive task that can ultimately affect the profit margin on client services. Allowing practices to ’approve on the move,’ invoices can be easily uploaded to the Basecone solution with a real-time connection using a smartphone camera.
The new Sage integration, along with established Twinfield and Xero integrations, is secure and efficient, enabling users to process documents in real-time. The Basecone solution automatically recognises delivered invoices in these platforms and then makes a booking proposal that practices or their clients check and authorise.
A key strength of the Basecone solution, according to Phil Thornton, Lead Technology Product Manager, Wolters Kluwer Tax & Accounting UK, is the app’s end-to-end use of OCR, which can read invoices: ”This cuts out the backoffice, human-based preparing and processing that occurs in other apps, and creates a true real-time document workflow environment. Without OCR this process can take anything up to 24 hours, but with the Basecone solution, companies can experience the power of what it’s like to work in real-time. Customers are reporting up to a 36% increase in time savings using the app, which is freeing up resources for higher value work.”
Basecone can snap copies of documents using smartphone cameras, or it can use a unique email address to receive documents into the app, which features both swipe and drag and drop functionality within its unified invoice approvals process. The pure cloud app also features facial recognition and touch ID.
“The app is incredibly easy to use. It’s basically a camera app - you simply snap and it’s done. It’s really efficient,” said Sam Batkin, Senior Accountant from Worcestershire-based accountancy firm Ormerod Rutter. ”You don’t have to remember to retain physical receipts as you go about your day. That’s especially appealing to the next generation of business owners.”
Matt Crook, Managing Director Wolters Kluwer Tax & Accounting UK commented: “If 2020 has shown us anything, it’s that practices need to be able to set up to work not just more efficiently, but also in a way that supports remote working and collaboration. Our customers look to us when they need to be right. With Basecone, practices such as Ormerod Rutter, and many other customers, are taking full control over their document workflows and creating flawless booking processes, and moreover, they are operating in a more sustainable, resilient way, which is great to see in today’s rapidly changing services landscape.”
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