Prizm Capture, QuickBooks(R) Online Application Released by Accusoft

 Prizm Capture is an easy way to capture invoice information directly into a QuickBooks Online account. In three easy steps users can automatically extract invoice data from paper invoices and post them to their QuickBooks Online account.

Accusoft, the leading provider of document, content and imaging solutions, announces the release of Prizm Capture, an easy way to capture invoice information directly into a QuickBooks Online account.

In three easy steps QuickBooks Online users can automatically extract invoice data from paper invoices and post them to their QuickBooks Online account. First they will scan and upload invoices, then verify results, and finally post to QuickBooks Online. Each time Prizm Capture is used the process becomes even easier as it learns and reduces the need for verification, and over time even eliminates the need altogether.

“We are excited to be able to put our forms processing expertise to use as an application,” said Tom Setzer, Director of Recognition at Accusoft. “QuickBooks customers just upload their scanned invoices and we'll pull the applicable information right off the page. They can double check the results, choose the appropriate expense account and then post the invoice to QuickBooks Online. It's that easy!”

Using Prizm Capture with QuickBooks Online, customers will be able to reduce costs by eliminating the manual keying of invoices, and freeing up resources for more valuable and strategic efforts. Customers will also receive more accurate data on cash flow with up-to-date information, eliminate late payment penalties, and take advantage of early discounts by processing invoices faster. Prizm Capture is cloud-based which means there is no need to install complex software, and it is extremely secure with the highest level of SSL encryption available on the Internet.

Prizm Capture is currently available from the online QuickBooks store. For more information, visit https://www.prizmcapture.com.

Prizm Capture is a trademark and Accusoft and Prizm are registered trademarks of Accusoft Corporation in the United States and/or other countries. Other trademarks are the property of their respective owners.

ExactCPA Comment: Intuit continues to expand is empire in the bookkeeping and accounting vertical. In an era where  technology is moving at the speed of light, Quickbooks Online users will now be able to input invoice information simply by uploading their paper invoices. In my humble opinion, anything that reduces manual entry, increasing operational efficiency is a big win for small business.  Small business owners often spend extensive time doing the work of multiple employees and so anything that makes life a little easier is a huge win in my book. Over the past few years, I’ve seen numerous companies attempting to automate as much of the data entry process as possible for consumers. Whether it’s companies like Mint.com that receive financial information directly from financial institutions or companies like Prizm Capture that pulls information directly from paper documents, it is becoming easier than ever for companies to reduce or even to eliminate their manual data entry process. This allows business owners and employees more time to focus on the strategic, value added services that they provide to clients. This gives hardworking professionals much needed time back into their day.