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Bill Capture

Bill capture, also known as invoice capture, refers to the process of extracting data from incoming bills, invoices, or purchase documents and converting it into a digital format that can be processed and managed electronically within an organization's accounting or enterprise resource planning (ERP) system.

What is Bill Capture?

Bill capture, also known as invoice capture, refers to the process of extracting data from incoming bills, invoices, or purchase documents and converting it into a digital format that can be processed and managed electronically within an organization's accounting or enterprise resource planning (ERP) system. Natively built for NetSuite and powered by GenAI, ZoneCapture is an OCR and AP automation solution designed to handle bill capture in NetSuite.

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3 Way Match
3-way matching refers to a three-step process of matching three key documents before processing a payment to a supplier.
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Accounts payable automation (AP Automation) refers to the use of technology and software solutions to streamline and optimize the accounts payable process within an organization.
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Accounts Payable Days (AP Days), also referred to as Days Payable Outstanding (DPO), is a financial ratio that measures the average time a company takes to pay its suppliers or vendors for credit purchases.

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Bill Capture

What is Bill Capture?

Bill capture, also known as invoice capture, refers to the process of extracting data from incoming bills, invoices, or purchase documents and converting it into a digital format that can be processed and managed electronically within an organization's accounting or enterprise resource planning (ERP) system. Natively built for NetSuite and powered by GenAI, ZoneCapture is an OCR and AP automation solution designed to handle bill capture in NetSuite.

Related terms

AP Automation
Payment Reconciliation
This process involves comparing and matching incoming payments with corresponding invoices or accounts receivable entries in the company's financial records.
AP Automation
AR Automation
Reporting and Analytics
Cash Flow Optimization
This strategy focuses on maximizing the inflow of cash while efficiently managing outflows to maintain a healthy liquidity position.
AP Automation
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Liquidity Ratio
Liquidity ratio (also known as “quick ratio” or “acid-test ratio”) is a metric demonstrating a debtor’s ability to pay current debts without acquiring capital. This KPI is used to gauge financial fidelity over the short term.
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Levered Cash Flow
Levered cash flow (LCF) is the cash a business has after it takes care of operating expenses, interest and other financial obligations.
AP Automation
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Cash Flow Coverage Ratio
A company’s cash flow coverage ratio (CFCR) clarifies its ability to pay its debts based on cash flow from operations.
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Cash Flow from Operations
Cash flow from operations measures the money a business generates from day-to-day activities, usually over a quarter or fiscal year.