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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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