Conterra FIM

Conterra FIM by DIRECTUM is a comprehensive accounts payable automation software designed to streamline the invoice processing workflows of industries with high volumes of transactions. This software is widely adopted across various sectors, including manufacturing, retail, healthcare, and financial services, thanks to its powerful features that automate and simplify accounts payable operations. Launched in the early 2010s, Conterra FIM has gained traction in multiple countries where DIRECTUM operates, offering solutions to enterprises seeking efficiency and accuracy in managing their invoices. One of the standout features of Conterra FIM is its automated invoice data extraction. Using Optical Character Recognition (OCR) technology, the software captures and processes invoice data from various sources, including email, fax, and scanned documents. This significantly reduces the time and effort required for manual data entry, allowing accounts payable teams to focus on more strategic tasks. Additionally, the software's three-way matching capability ensures that invoices are matched with corresponding purchase orders and receipts, helping to prevent discrepancies and streamline approval workflows. Conterra FIM simplifies general ledger coding (GL-coding), which is a crucial aspect of the accounting process.