:: AI LAB Financial | Invoice ::

Payment Assurance

Business AI Safeguard timely and accurate payments through intelligent tracking and prioritization, enhancing vendor trust and maintaining uninterrupted supply chain operations.

Boosts bottom-line by identifying and neutralizing >99.9% risk transactions

Improves payment on time by 20%

Improves vendor account reconciliation coverage - > 90%

3X more cost efficient than market offered products

Ensure timely, accurate and reliable payment processes with our payment assurance suite.
Discover below the key building blocks of our offering suite

Module

Anomaly & Duplicate Checks

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

1

Automated Vendor Invoice & Payment matching by identifying anomalies in ledger data entries, detecting duplicate invoices and mitigating payment risks

Spoofing & Phishing

Phishing attacks and spams - as per study nearly 50-60% of AP teams are targeted via phishing/fraud emails

Tech Solution

Automated Vendor Helpdesk

2

Spoof/ Phishing control; Intent classification & ingestion; Automated response for recurring issues

Automated Payment Proposal

Manual Payment leads to delays, errors and compliance risk impacting financial accuracy & efficiency

Tech Solution

Automated Payments

3

Automated payment ensure timely, accurate and compliant transactions