InSight DXP

Iron Mountain Invoice Processing solution

Enhance your accounts payable operations with secure and automated invoice processing management
Iron Mountain Invoice Processing solution

The strategic imperative of modernizing Accounts Payable

The role of Accounts Payable (AP) is rapidly shifting from a transactional back-office function to a strategic imperative for optimizing profitability and cash flow. However, inefficiencies continue to hinder AP teams. 82% of AP teams still manually input invoices, with 56% spending over 10 hours weekly on manual tasks.1 Excessive paper handling, repetitive data entry, and siloed systems consume valuable time, limiting strategic engagement. These manual processes lead to human errors, payment inaccuracies, and strained supplier relationships, with 39% of invoices containing errors due to manual processes.2

Additionally, frequent exceptions, prolonged approvals, and limited data visibility prevent AP teams from making timely, informed financial decisions and capturing strategic opportunities.

Iron Mountain Workflow Automation Contract Management
  • 82%

    of AP teams still manually input invoices

    Source
  • 56%

    spending over 10 hours weekly on manual tasks

    Source
  • 39%

    of invoices containing errors due to manual processes

    Source

Elevate Accounts Payable with AI-powered automation

Iron Mountain Invoice Processing solution, built on the Iron Mountain InSight® Digital Experience Platform (DXP), can help you:

  • Make invoice processing more transparent Control invoice processing via a centralized portal with role-based access. Integrate systems for a unified view, customizing workflows and tracking payments with a clear audit trail.
  • Enhance accuracy and financial control Use AI to automate invoice data extraction and three-way matching, eliminating manual errors. It codes non-PO invoices, providing fast insights to optimize your cash flow.
  • Boost efficiency and reduce costs Access and search invoices easily in a cloud portal. Digitization and automation streamline approvals. Business rules flag exceptions, enabling compliance and data privacy.

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The results speak for themselves

Iron Mountain employee

The results speak for themselves

A large bank streamlines invoice processing operations to reduce costs and boost efficiency while maintaining traceability

Read the case study

Overcoming Critical Accounts Payable Challenges

What if you could:

Use a scalable, centralized, and AI-powered system to:

  • Gain comprehensive oversight and control over your invoice lifecycle so that all digital and physical documents are easily accessible and managed.
  • Dramatically reduce manual errors and discrepancies by intelligently validating and reconciling invoice data against purchasing and receiving information.
  • Streamline and accelerate invoice approvals, freeing up your team from tedious administrative tasks to focus on more strategic financial initiatives.

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The Iron Mountain Invoice Processing Solution

Our Invoice Processing Solution is built on the Iron Mountain InSight® Digital Experience Platform (DXP), a scalable, end-to-end software-as-a-service (SaaS) platform. It transforms physical invoices into actionable digital assets and automates document-centric workflows. The solution automates key AP functions, including data entry, approvals, reconciliation, and workflows. It strengthens the information management capabilities that may be lacking in your existing AP ecosystem by providing pre-built connectors, workflows, document types, metadata, retention rules, and AI prompts.

Our Invoice Processing solution helps you:mountain ranges

  • Gain control by managing digital and physical documents in a single, user-friendly portal.
  • Provide easy, role-based access for authorized users to streamline invoice retrieval and eliminate delays.
  • Customize workflows and approval processes to your specific business rules for accurate routing and prompt approvals.
  • Break down information silos through seamless integration with existing accounting systems, providing a centralized view of all relevant data.
  • Effortlessly track the flow of invoice handling and payments to gain a clear audit trail and improve accountability.
  • Achieve superior data integrity with AI-driven intelligent document processing (IDP), which automatically extracts invoice information, virtually eliminating manual data entry errors.
  • Use automated three-way matching to validate invoice data against your purchasing and receiving data, ensuring only valid and correctly fulfilled orders are paid.
  • For non-purchase order (PO) invoices, AI agents automate the assignment of relevant accounting dimensions to line items, significantly reducing time-consuming exceptions.
  • Generate fast insights to optimize cash flow, prioritize work, and improve supplier relationships.
  • Enable authorized users to easily access and search for invoices via a single cloud-based portal on InSight DXP.
  • Streamline approvals by sorting and organizing invoices with minimal effort through digitization and workflow automation.
  • Allow AP staff to focus only on tasks requiring human intervention by using robust business rules to automatically flag and route exceptions to the appropriate users.
  • Manage and enforce obligations for relevant content by enabling compliance with industry standards and systematically applying retention and data privacy policies.

The Iron Mountain advantage

The advantage of partnering with Iron Mountain lies in our unparalleled scale and the robust InSight DXP platform, which provides a complete, end-to-end solution to transform your accounts payable processes.
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Global Scale

Our global scanning capabilities include 141 imaging sites in 45 countries, with the capacity for 2.6 billion images annually, providing a single point of entry for all your invoices.
AI machine

AI-Powered Accuracy

We leverage AI-powered intelligent document processing to extract valuable data with an average of 97% accuracy, reducing manual errors and accelerating financial transactions.
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Security and Compliance

Built on our InSight DXP, our platform provides secure, 24/7 role-based access and systematically applies retention and data privacy policies, enabling continuous compliance and minimizing security risks.
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Trusted Partnership

As a trusted global partner with over 70 years of experience, Iron Mountain helps organizations optimize their AP processes for maximum efficiency, accuracy, and scalability.

Frequently asked questions

How does Iron Mountain modernize accounts payable with the Digital Experience Platform®?

We optimize the accounts payable lifecycle by streamlining physical document handling and end-to-end invoice processing workflows through the Iron Mountain InSight® Digital Experience Platform. This scalable software as a service solution centralizes incoming invoices and supplier, purchasing, and receiving master data into one secure location. Our approach allows teams to transition AP function workflows away from manual, paper-intensive tasks toward structured, searchable data environments.

Each individual paragraph conveys a complete piece of information for B2B users.  Our Invoice Processing solution supports dynamic supply chains and financial transparency for accounts payable processes. We provide a single web-based portal to manage exception handling rules efficiently. This method reduces the labor intensity and high cost of traditional manual processing methods.

  • Our platform automates data extraction from various invoice formats using artificial intelligence to populate key metadata fields required to perform three-way matching against your specific purchase orders.
  • We provide anytime access to a secure, centralized content repository that helps your finance teams validate data from invoices and complete speedier month-end closes through advanced automation.
  • Authorized users can easily manage exception handling rules through a single web-based portal which reduces the labor intensity and high cost of traditional manual processing methods.

We help organizations achieve a competitive edge by replacing slow, manual operations with our automated accounts payable software. By bridging the gap between paper and digital information, we provide meaningful insights for your monthly financial close. We provide the tools necessary to remove bottlenecks and increase transparency across the entire enterprise.

We help you track invoice statuses in real time to maintain full visibility. Our solution supports digital transformation for finance by providing a robust and scalable architecture. This structure allows your department to focus on higher value strategic tasks rather than routine administration.

Can Iron Mountain help us extract data from invoices to reduce errors?

We utilize intelligent document processing within our Digital Experience Platform to extract data from invoices with precision and speed. Our technology applies machine learning to read and index critical information, which significantly reduces the need for manual data entry. This process unifies physical and digital records to help you maintain accurate, auditable trails for all your financial transactions.

Our AI powered platform uses computer vision to recognize document types and categories. This capability allows your department to track invoice statuses in real time across the entire enterprise. We implement automated workflows that match extracted metadata against your internal procurement systems for accuracy.

  • The Digital Experience Platform uses computer vision to recognize document types and categories, allowing your department to track invoice statuses in real time across the entire enterprise.
  • We implement automated workflows that match extracted metadata against your internal procurement systems to flag exceptions or duplicate payments that could otherwise impact your organization's bottom line.
  • Our solution supports over fifty languages and various file types, including PDF and TIFF, which means global supplier invoices are processed consistently and accurately through a single portal.

By removing tedious manual steps, we help your team focus on strategic activities rather than routine paperwork. We provide the tools necessary to validate data from invoices and improve data quality across your entire financial ecosystem. This approach significantly reduces the potential for costly errors during the accounts payable invoice processing stage.

We offer reporting and inventory management to help you optimize organizational oversight. These tools provide a clear view of your financial health and document status. You can rely on these systems to provide factual and verifiable data for your audits.

What are the specific benefits of invoice automation for financial back offices?

Our automated Invoice Processing solution delivers significant efficiency gains by reducing the time required to process and approve incoming invoices. We centralize document ingestion to provide a single view of your financial obligations, which simplifies audit responses and enhances transparency. This digital transformation for finance allows your staff to manage cash flow with greater effectiveness.

We leverage AI-powered automation to identify fraudulent claims and financial vulnerabilities faster. This rigorous validation of information happens against your existing system of record data. These solutions support dynamic supply chains for multiple industries and global markets.

  • Invoice automation benefits include a reduction in cycle times for loan funding or payment remittance, which helps improve time to revenue for many high-volume banking institutions.
  • We leverage AI-powered automation to identify fraudulent claims and financial vulnerabilities faster through the rigorous validation of information against your existing system of record data.
  • The transition to a digital environment reduces the cost of managing physical filing cabinets and offsite records storage, effectively freeing up your high-value corporate real estate.

We empower your workforce with assigned and actionable data that encourages better governance and personal responsibility. Our Digital Experience Platform provides deep, actionable insights through streamlined dashboards so your leaders can make informed decisions. These tools provide a clear path toward modernizing accounts payable functions within your organization.

We invite you to explore document scanning and digital storage to learn about our high-speed imaging capabilities. These services bridge the gap between physical and digital records. We provide the infrastructure needed to support your journey toward a digital back office.

How to automate accounts payable to improve data efficient processing?

Implementing an AI-powered platform is the primary step in modernizing accounts payable functions within a large organization. You should begin by centralizing the receipt of both digital and paper-based invoices through a unified ingestion point. This single repository allows intelligent document processing tools to automatically classify and extract relevant metadata for further use.

Digital invoice processing uses neural networks to identify and index invoice line items correctly. This creates a structured digital library from previously inaccessible or unstructured physical paper documents. We use a human in the loop approach to manage any complex data exceptions.

  • Digital invoice processing uses neural networks to identify and index invoice line items, which creates a structured digital library from previously inaccessible or unstructured physical paper documents.
  • The workflow facilitates a human-in-the-loop approach to manage exceptions, allowing your staff to review and update any data that requires additional quality control or manual validation.
  • Integrated solutions provide two-way communication with leading enterprise resource planning systems to keep your financial records consistent and synchronized across all platforms.

Automation reduces the risk of missed payments and improves your credit rating by enabling timely settlements. This technology helps your organization realize the full potential of your information while maintaining strict security standards. We help you focus your resources on achieving higher business growth objectives instead of administration.

We provide information governance advisory services to assist with your regulatory compliance needs. These services help you manage the entire lifecycle of your documents from capture to destruction. You can achieve greater operational agility through our integrated and automated service offerings.

What role does AI-powered automation play in invoice solutions?

Artificial intelligence is a fundamental driver for increasing speed and precision during the invoice processing lifecycle. By applying machine learning models to unstructured data, automated systems transform documents into actionable insights that feed directly into your financial systems. This technology allows for the rapid identification of patterns that would be difficult to detect through manual reviews.

AI-powered automation can analyze thousands of contracts and invoices simultaneously for specific clauses. We use specialized AI agents to answer complex questions about your documents in plain language. This simplifies the process of discovering themes or risks across large volumes of data.

  • AI-powered automation can analyze thousands of contracts and invoices simultaneously to find specific indemnity clauses or potential personally identifiable information hidden within scanned images.
  • Specialized AI agents answer complex questions about your documents in plain language, which simplifies the process of discovering themes or risks across large report batches.
  • Intelligent systems continually learn from your interactions, which helps improve the accuracy of data classification and extraction over time without requiring constant manual retraining of the models.

Using these advanced technologies helps your finance department achieve audit readiness while significantly lowering operational risks. These systems provide the necessary safeguards and governance frameworks to maintain compliance with all regulations. We help you automate accounts payable processes to increase your internal efficiency and overall output.

You can verify our adherence to industry standards by visiting our technical papers and certifications page. These documents provide factual details regarding our security and ethical AI deployment. We offer a robust foundation for your digital transformation efforts.

How do digital invoices improve accounts payable invoice processing?

Transitioning to digital invoices is a critical step for organizations looking to streamline your AP processes and reduce operational overhead. Digital files provide near-instant accessibility to your remote workforce which eliminates the delays associated with physical folders. This visibility allows your team to respond to vendor inquiries more efficiently and manage cash.

Digital invoice processing reduces the average processing time from weeks to just a few days. This accelerates your time to revenue and improves your overall service experience for vendors. By converting paper records into searchable digital formats, systems help you apply consistent records retention rules.

  • Digital invoice processing reduces the average processing time from weeks to just a few days, which accelerates your time to revenue and improves your overall service experience.
  • By converting paper records into searchable digital formats, systems help you apply consistent records retention rules to satisfy your legal and regulatory obligations for data protection.
  • Encrypted storage and role-based access permissions help keep sensitive financial information viewed only by authorized personnel, which significantly lowers your risk for a potential data breach.

Adopting these digital solutions helps your business maintain a single source of truth for all employee data. These platforms manage both physical and digital assets allowing your organization to remain agile. We provide the infrastructure needed to support your journey toward a fully digital financial back office.

For those needing to secure historical archives, our offsite records storage provides a bridge between your physical past and digital future. We offer high level security and climate controlled environments for your sensitive documents. You can trust our decades of experience in information management.

How do automated accounts payable solutions improve vendor relationships?

Automated systems facilitate faster payment cycles and reduce disputes by providing clear visibility into the status of every transaction. This level of transparency fosters trust between organizations and their global suppliers through consistent and highly accurate data processing. Modernizing accounts payable reduces the friction caused by lost invoices or manual data entry errors that often lead to payment delays. Iron Mountain provides the technical architecture.

  • Digital invoice processing allows procurement teams to quickly validate data from invoices and respond to supplier inquiries with factual information pulled directly from a centralized and secure digital repository.
  • Automated accounts payable software identifies potential duplicate payments or pricing discrepancies before they impact the bottom line, helping your staff maintain professional and reliable financial interactions with key business partners.
  • Transitioning AP function workflows to an AI-powered platform enables real-time tracking of invoice approvals, which assists in capturing early payment discounts and avoiding late fees for the organization.

Implementing an invoice management solution provides the high level of oversight necessary for effective financial planning and cash flow management. This digital transformation for finance helps your business build a reputation for reliability. You can explore specialized support for these transitions within financial services to align your technology with industry-specific compliance standards and growth objectives. Iron Mountain provides the tools to scale your operations effectively while maintaining rigorous security standards.

Where is Iron Mountain automated invoice processing available?

Our Digital Experience Platform provides a unified asset management environment for your financial documents and sensitive business records. We offer these automated accounts payable solutions worldwide to help you realize the benefits of automated invoice processing. Our AI powered platform allows you to extract data from invoices and validate data from invoices regardless of your physical location.

United Kingdom We deliver comprehensive workflow automation solutions to streamline your core business operations across Great Britain. Our local teams help your organization transition ap function workflows to digital environments for better efficiency.

Australia Our team provides local support for digitizing and managing information to improve efficiency for Australian enterprises. We help you streamline your AP processes with our advanced Digital Experience Platform and local expertise.

Canada We help Canadian organizations transform their manual processes into agile digital workflows to enhance their overall performance. Our solutions support modernizing accounts payable while maintaining high security standards for your financial data.

India Our Indian facilities offer scalable digital solutions to handle high volumes of data and automate repetitive administrative tasks. We provide automated invoice processing solutions that allow your team to focus on strategic growth.

Germany Wir unterstützen deutsche Unternehmen bei der Digitalisierung ihrer Geschäftsprozesse und der Einhaltung strenger Datenschutzbestimmungen für maximale Sicherheit. Unsere Experten helfen Ihnen, Ihre Kreditorenbuchhaltung zu modernisieren und die Effizienz Ihrer digitalen Workflows erheblich zu steigern.

France Nous aidons les entreprises françaises à optimiser leurs flux de travail grâce à l'automatisation intelligente et à la gestion électronique des documents. Nos solutions permettent de numériser vos factures et d'automatiser vos processus comptables en toute sécurité.

Spain Proporcionamos soluciones avanzadas de gestión de procesos empresariales para ayudar a las empresas españolas a mejorar su productividad y cumplimiento. Nuestras herramientas de automatización de facturas facilitan la transformación digital de su departamento financiero de manera efectiva.

Brazil Ajudamos as organizações brasileiras a transformar processos manuais em fluxos de trabalho digitais eficientes para acelerar a transformação digital dos negócios. Nossas soluções de automação de contas a pagar aumentam a visibilidade e o controle financeiro.

Mexico Ofrecemos servicios expertos en la automatización de flujos de trabajo para que las empresas mexicanas logren una mayor agilidad operativa y reducción de costos. Implementamos tecnología avanzada para digitalizar facturas y optimizar sus procesos de cuentas por pagar.

We provide the global scale and specialized local knowledge required to support your digital transformation for finance and modernize accounts payable. Our experts assist you in navigating the complexities of regional compliance while maintaining high operational efficiency across your global footprint. We empower your team with the tools needed to manage the entire information lifecycle effectively and securely.

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