Credit notes

This feature is designed to simplify how you manage and process credit notes, employing the latest in machine learning and OCR technology

How it works

  1. Uploading credit notes: With our new system, you can upload your credit notes directly into Kloo. Our machine learning and OCR technology will then automatically extract key information from the credit notes, such as supplier details, amounts, and reference numbers. 
  2. Smart workflows for approval: Kloo now includes the ability to set up smart workflows, customising the approval process to suit your company's needs. Whether you require a single approval for small amounts or multiple approvals for larger sums, our system ensures that credit notes are processed efficiently and in accordance with your internal controls.

Key benefits

  • Efficiency: Reduce manual data entry and speed up the credit note processing time.
  • Accuracy: Minimise errors with automated data extraction, improving the reliability of your financial records.
  • Control: Customise the approval process with smart workflows to meet your company's specific requirements.
  • Visibility: Track the status of credit notes in real-time, from upload to approval, all within our user-friendly platform.

Getting started

To begin using the Credit notes feature, follow these simple steps:

  1. Upload a credit note: Navigate to the 'Credit notes' section within 'Accounts payable' and select 'Submit credit note'. 
  2. Review extracted information: Once uploaded, review the automatically extracted information for accuracy. You can make any necessary adjustments before proceeding.
  3. Set up approval workflows: Make sure you have a smart approval workflow set up. This can be configured by OAs in 'Settings' > 'Smart approvals' > 'Credit notes'.

💻 See a demo here