Spend up to 60% less time on your accounts payable process
The average cost to manually process an invoice is $22.75. The average time it takes to process an invoice is 16.3 days. This ends up costing your business in the form of labour, late fees, and printed paper cost.
In a nutshell, our solution is used by your accounts payable department and by invoice approvers to automate your accounts payable process, with a focus on these key steps:
AI and Machine Learning index all incoming invoices
Forget templating invoice formats from your clients. The power of our solution starts with AI and assisted machine learning and extracts data from any invoice. This critical indexed data is the heart of the solution, as it drives workflow processes. Our solution replaces error-prone and time-consuming data entry by recognising and recording all the data printed on invoices.
Effortlessly archive and retrieve digital documents
All invoices are stored within a secure, data-sovereign, accessible repository, tightly organised based on captured index data. Apply retention policies, rapidly collect for audits, or analyse for departmental process improvements. Access anytime, anywhere, from any device — including mobile.
Digitally route for approval and post-back
with our Low Code platform we Digitally route invoices through approval chains for faster decision-making, or initiate a straight-through approval based on predefined rules. Quickly handle exceptions while maintaining visibility throughout the process. Create a booking record for easy integration with your ERP system.
Process invoices with maximum speed and accuracy while minimising any unnecessary involvement from your accounts payable team.
The average cost to manually process an invoice is $22.75. The average time it takes to process an invoice is 16.3 days. This ends up costing your business in the form of labour, late fees, and printed paper cost.
An accounts payable automation solution reduces the number of hours staff spend processing invoices.
An accounts payable automation solution uses the latest in machine learning technology to reduce the effort of onboarding new suppliers and working with different invoice formats.
Save your accounts payable department time and empower them with actionable real-time data. Avoid all the bottlenecks, miscommunication and frustration of a manual approval process.
Available as a preconfigured cloud solution. Fast to launch, fast to value.
Our solution for invoice processing is available as a cloud-based, preconfigured solution that provides everything you need: workflows, document templates, user profiles, security configurations and more.
Integrations are an integral part of any automation project and we know that no business is exactly the same. We work with our customers to achive maximum automation.
We automate, digitally enhance and re-engineer your business technology to reduce costs, improve productivity and drive growth.
