Faster Invoice Processing
Automating repetitive tasks speeds up your invoice reconciliation process, allowing your team to focus on more strategic activities.
Welcome to the future of streamlined invoice processing. Our cutting-edge solution leverages Optical Character Recognition (OCR) and Artificial Intelligence (AI) to automate the 3-way invoice matching process, delivering faster, more accurate, and cost-effective operations for your business.
3-way invoice matching is a critical step in ensuring the accuracy and legitimacy of invoices. Traditionally, this process involves cross-checking the details from three separate documents:
Manual matching is time-consuming, error-prone, and often leading to discrepancies that can disrupt your financial and operational workflows. Our automated solution revolutionizes this process by combining OCR and AI to ensure all three documents align seamlessly and automatically.
Our OCR engine extracts key information from invoices, purchase orders, and goods receipts with unparalleled accuracy. It recognizes and processes a variety of document formats, from PDFs to scanned paper documents, ensuring no critical data is overlooked.
Our AI-driven algorithms learn and improve over time, adapting to your unique processes. The system automatically matches the PO, GR, and invoice, flagging discrepancies for review. This dramatically reduces manual intervention and accelerates your reconciliation process.
Human errors can lead to costly discrepancies, delays, and audit complications. By automating the matching process, you minimize the risk of errors and ensure that every invoice is accurate, legitimate, and ready for payment.
Our solution integrates smoothly with your current ERP or accounting software. No need to overhaul your existing systems — simply plug in our automated invoice matching solution and start experiencing the benefits immediately.
Gain full visibility into your accounts payable process. Track all matched and unmatched invoices in real-time and generate detailed reports that highlight any discrepancies. With this powerful insight, you can proactively manage issues before they escalate.
Extracts key data such as amounts, dates, line items, and vendor information from invoices, purchase orders, and receipts.
AI algorithms automatically identify and resolve discrepancies automatically by comparing invoice details against purchase orders and goods receipts.
Automatically flags mismatched documents for review and provides detailed error reports for quick resolution.
Access your invoice matching system anytime, anywhere, ensuring you have the flexibility to manage your business efficiently.
Tailor the system to suit your unique business processes, rules, and approval workflows, optimizing it for maximum efficiency.
Automating repetitive tasks speeds up your invoice reconciliation process, allowing your team to focus on more strategic activities.
By reducing errors and delays, you can manage your cash flow more effectively and ensure timely payments without disruptions.
Cut down on manual labor, reduce operational costs, and improve productivity across your accounts payable team.
As your business grows, our solution scales with you. Handle increased volumes of invoices effortlessly without the need for additional resources.
Maintain a clear, digital audit trail of all your invoices and matches. Stay compliant and prepared for audits with ease.
Using OCR, the system automatically captures data from invoices, POs, and goods receipts.
AI-powered algorithms compare and validate the extracted data to ensure the three documents match.
The system flags mismatches and provides your team with detailed insights to resolve discrepancies quickly.
Once the documents are validated and matched, invoices are automatically moved into the approval and payment stages, saving valuable time and ensuring accurate payments.
Experience the power of automation with our 3-way invoice matching solution. With OCR and AI working together, you’ll streamline operations, reduce errors, and increase efficiency in your accounts payable department.
Get in touch today to schedule a demo or learn more about how our solution can help your business grow.
Let’s do 1-day workshop to understand your business process and we will bring industry best practices through our retail domain experts and deploy the Vendor Portal in 12 weeks