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- Industry Agnostic Solution (IAS)
- Finance and Accounting Services
- Invoice to Pay (I2P)
- Autonomous Accounts Payable
Autonomous Accounts Payable
A view of how we enable you achieve Autonomous Accounts Payable through business AI seamlessly complementing Market platform
Value Chain
Invoice Digitization
Manual Invoice Processing leads to delayed payments, compliance risks and increased Operational cost due to errors and inefficiencies
Manual & Error prone intensive invoice meta data capture; time-consuming physical verification; Slow adoption to e-invoicing mandate by vendors
Managing or monitoring interactions from various stakeholders ,systems and data sources will be challenging to face secure & compliant workflows
Tech Solution
Global compliant E-invoicing
Deep Invoice Extraction
Business Firewall enabled workflow
Automates Invoice digitization and ensure seamless data exchange and integrates effortlessly into the payable workflow
Automated document segregation & data extraction from structured and unstructured invoices; Trained using deep learning techniques on a wide source of invoice
Mitigate risks by providing controlled, secure and compliant operations
Invoice Analysis
Lower resource productivity - industry average shows an AP employee can only process 5-7 manual invoices per hour
Manual intensive tracking and analysis of invoice holds/blocks/exceptions
Tech Solution
Predictive GL/ CC coding
Predict invoice coding anomaly detection for complex invoices
Intelligent Sampling & Audit
3
Smart intelligent sample selection basis business specificities
Invoice DeDup.
Multiple hand offs for validation & approval delaying invoice processing on avg ~> 10 Days, while Invoice receipt enhances supplier experience but may leads to duplicate or double booking
Tech Solution
Duplicate Check & Anomaly Detection
4
Automated Vendor Invoice & Payment matching by identifying anomalies in ledger data entries, detecting duplicate invoices and mitigating payment risks
Vendor Helpdesk
Phishing attacks and spams - as per study nearly 50-60% of AP teams are targeted via phishing/fraud emails
High volume of vendor emails creating backlog, delayed response impacting vendor relationship
Tech Solution
Automated Vendor Helpdesk
Automated Vendor Invoice & Payment match by highlighting anomalies in ledger data entry
Virtual Assistant
5
Duplicate invoice identification and payment risk avoidance
