Automated Invoice Processing

Unlock efficiency with Automated Invoice Processing (AIP): The future of accounts payable automation. AIP represents a significant leap forward in how businesses manage their accounts payable and receivable, turning what was once a cumbersome manual task into a streamlined, automated system.

Automate Your Invoice Processing

What is Automated Invoice Processing?

Automated Invoice Processing is a technology-driven solution designed to manage and streamline the handling of invoices. By leveraging advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), and Optical Character Recognition (OCR), AIP systems can automatically capture, process, and store invoice data without the need for manual input. This not only speeds up the invoice processing cycle but also significantly reduces errors, ensures compliance, and improves overall financial workflow efficiency.

Benefits

  • Increased Efficiency: Automation reduces the time taken to process invoices from days or weeks to just a few hours or minutes.
  • Reduced Costs: By minimizing manual input and errors, businesses can save on operational costs associated with invoice processing.
  • Enhanced Accuracy: Automated checks and balances significantly reduce the risk of errors, ensuring more accurate financial management.
  • Improved Compliance: Digital record-keeping and predefined workflows ensure compliance with regulatory requirements and internal policies.
  • Strategic Insights: Data analytics features provide businesses with actionable insights, enabling better financial decision-making.

How It Works?

01
Connect

Multiple ways to get your invoices

  • Connect to an ERP
  • Forward to a secure email
  • Send on WhatsApp/Telegram
  • Upload directly to the system
  • Connect to a cloud storage
  • Connect to a SFTP/local storage

02
Specify

Specify fields that are relevant to you including but not limited to Invoice number, item level details, shipping address, total amount, Tax number etc., or auto extract all the fields.

03
Extract

Using a combination of computer vision, NLP, and LLM, we transform invoices into structured data.

04
Export

With hundreds of integration options, export structured invoice data into downstream applications or use our system for analysis.

Supercharge your Accounts Payable process with our Automated Invoice Processing Solution.
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