DynamicPoint vs Competition
Invoice Automation
In a nutshell, DynamicPoint differentiates itself from the competition by creating its business applications within the Office 365 ecosystem. This approach is very similar to an app that resides on a mobile phone, in that the application uses the platform to add more functionality without having to create it all from scratch. This provides our customers with a more powerful and flexible solution that is often a fraction of the cost of the competition.
In order to compare DynamicPoint’s products on a detailed level, you have to look at the features of each application to see how they measure up. The main components of every AP invoice solution on the market are listed below with their purpose.
Invoice Receipt
Document Storage
OCR
Workflow
AP Management
Integration
Security
Compliance
Scalability
Definition
- Receive invoice from vendor
- Check request for internal submission
- Capture invoice
- Storage and archiving
- Extract key fields
- Provide AI learning and process automation
- Route invoice for approval
- Process business rules
- Perform 2- and 3-way matching
- Allocate non-PO invoices
- Query master data
- Create AP transactions
- MFA and authentication
- Data security and access management
- Complying with laws and regulations
- Industry standards and government regulations
- Ability to scale up or down based on volume
- Geo location and data residency
Our Approach
Use Office 365 to support email, scanning, check request, portal, and mobile entry.
Leverage SharePoint libraries.
Azure AI Document Intelligence Invoice Model.
Harness the functionality of Power Automate.
One of DynamicPoint’s main development focus areas.
A critical key to our success is our vast list of integrations.
Microsoft Entra for authentication and security.
Full adoption of Microsoft regulatory & industry compliance.
Azure AI cloud storage and processing using App Services.
How it Measures Up
Multiple methods that are flexible based on your business process.
Use of one of the most popular document storage applications in the world
Extracts invoice data without the need for vendor templates.
A leader in Gartner’s Magic Quadrant, with several hundred connectors and growing.
Supports non-PO as well as 2- and 3-way matching invoices with ERP integration.
Realtime 2-way integration to query info and create invoices in the ERP using ODATA.
Built in integration with Microsoft Entra ID for user authentication and data access management.
Industry leading compliance offerings for all of Microsoft products to all regions of the world.
Azure app service infrastructure capacity offers full functionality to support vertical and horizontal scalability.
Competitive Products
Generally non-configurable and support email only.
Typically use proprietary document storage.
Usually have their own OCR tool.
They have to build their own workflow tool.
Typically, do not support live PO matching from ERP system.
Generally, use export files.
Have another user list and login to maintain that is nonintegrated with your existing security.
Do their best to meet the local compliance requirements of the geographies they serve.
Typically, data center or self-hosted, if cloud based then use virtual machines.
Bottom Line : By using DynamicPoint and Microsoft 365, you get all the features and functionality outlined above for less costs as it is technology you already own.
Invoice Receipt
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Document Storage
OCR
Workflow
AP Management
Integration
Security
Compliance
Scalability
Definition
- Receive invoice from vendor
- Check request for internal submission
- Capture invoice
- Storage and archiving
- Extract key fields
- Provide AI learning and process automation
- Route invoice for approval
- Process business rules
- Perform 2- and 3-way matching
- Allocate non-PO invoices
- Query master data
- Create AP transactions
- MFA and authentication
- Data security and access management
- Complying with laws and regulations
- Industry standards and government regulations
- Ability to scale up or down based on volume
- Geo location and data residency
Our Approach
Use Office 365 to support email, scanning, check request, portal, and mobile entry.
Leverage SharePoint libraries.
Azure AI Document Intelligence Invoice Model.
Harness the functionality of Power Automate.
One of DynamicPoint’s main development focus areas.
A critical key to our success is our vast list of integrations.
Microsoft Entra for authentication and security.
Full adoption of Microsoft regulatory & industry compliance.
Azure AI cloud storage and processing using App Services.
How it Measures Up
Multiple methods that are flexible based on your business process.
Use of one of the most popular document storage applications in the world
Extracts invoice data without the need for vendor templates.
A leader in Gartner’s Magic Quadrant, with several hundred connectors and growing.
Supports non-PO as well as 2- and 3-way matching invoices with ERP integration.
Realtime 2-way integration to query info and create invoices in the ERP using ODATA.
Built in integration with Microsoft Entra ID for user authentication and data access management.
Industry leading compliance offerings for all of Microsoft products to all regions of the world.
Azure app service infrastructure capacity offers full functionality to support vertical and horizontal scalability.
Competitive Products
Generally non-configurable and support email only.
Typically use proprietary document storage.
Usually have their own OCR tool.
They have to build their own workflow tool.
Typically, do not support live PO matching from ERP system.
Generally, use export files.
Have another user list and login to maintain that is nonintegrated with your existing security.
Do their best to meet the local compliance requirements of the geographies they serve.
Typically, data center or self-hosted, if cloud based then use virtual machines.
Bottom Line : By using DynamicPoint and Microsoft 365, you get all the features and functionality outlined above for less costs as it is technology you already own.