Intelligent Invoice Processing

In Finance & Accounts department, Accounts Payable is one of the most critical processes, where automation can prove extremely beneficial. Our Intelligent Invoice Processing solution leverages multiple digital levers such as RPA and Advanced OCR, and automates the entire accounts payable workflow, transforming the way businesses process invoices, resulting in significant cost savings and increased operational efficiency.

Business drivers

Better utilization of human skills and can be redirected towards processing deviations, negotiation with suppliers, etc.
Reduction in administration costs (cost of processing, error rectification, dispute settlement) – processing: USD 12-$30; error rectification: up to USD 50; dispute settlement: up to USD 20
Lengthy processing time – varies between 3-17 days
Audit control and tracking
Avoiding errors, delays and misses in the process.

Solution highlights

Managing multiple invoice variations through different channels
Built-in governance, robust compliance and audit control mechanisms
Rule-driven processing & ease of integration with ERP systems
Flexible & configurable workflows
End-to-end process tracking mechanism, with follow-ups, alerts & dashboard insights

What value does it bring

Increased operational efficiency
Significant cost savings
Enhanced vendor-supplier / Customer Relationship
Better governance, reduced risks, SLA adherence and no penalties

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Intelligent Invoice Processing

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