Accounts Payable (AP) Automation
Organizations in Hi-Tech value chain such as semiconductor manufacturers, electronic component distributors, contract manufacturers, original equipment manufacturers (OEMs), and finished goods technology distributors experience delays in the Procure-to-Pay (P2P) process due to various reasons such as errors from manual input of information, different types of document formats, lost time retrieving documents, invoice to Purchase Order (PO) matching issues, etc.
LTIMindtree has partnered with Canon Information & Imaging Solutions (CIIS) in the Accounts Payable (AP) automation space to solve such issues. The CIIS AP automation solution leverages the CIIS Enterprise Imaging Platform (EIP), a one-stop middleware platform, based on the Service Oriented Architecture (SOA). It automates complex business processes, by integrating enterprise applications and paper-based information flows.
Key Highlights
- Standardized invoice processing and intelligent invoice capture
- Context-based recognition
- Invoice processing in different formats, currencies and languages
- Automated approvals
- Fraud detection
Key Benefits
- Cost-effective, feature-rich solution
- Efficient storage mechanism
- Effective online collaboration
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Reimagining the Service Economy with Automation and AI