Testimonial
Robert Cathey
MBA VP - Chief Data OfficerVSP Global
We have automated 6 processes and saved USD 700k in a year. We have been able to free resources to avoid overtime and temporary stuffing expenses.
Sarah Patterson
RPA Lead, Accounting,Carmax
Today, we are able to validate and process over 3,500 invoices a day, 7 days a week. This reduced the invoice backlog by 95% in 2 weeks, while guaranteeing compliance and providing end-to-end visibility into the status of every invoice.
Solution Benefits
- Increase Invoice Handling Bandwidth by 400%
- Increase End to End Processing Time by 5x
- Eliminate Human-Workforce Induced Errors by 100%
- Return on Investment by End of Year 1
Accounts Payable Automation
- Invoice Header and Line Item Detail Extraction via AI/ML
- Intelligent workflow routing for reviews, verification, approvals, etc.
- Robotic Process Automation to minimize/eliminate human touchpoints
- Works with any existing platforms, no need to reinvent the wheel
- Unlimited Scalability; leverage any of these modular components company wide
The Advantage
- Vendor PortalLeverage the portal internally or use it as a vendor facing platform. It allows for submission of invoices and offers unparalleled visibility into invoice submissions, thereby reducing the amount of time spent fielding inquiries.
- Chatbot Intelligent AI/ML powered chatbot (INA) provides real-time status and answers questions.
- Interactive Voice Response (IVR) IVR and text integrated with chatbot and RPA provide real time voice and text responses to vendors.
APex: Accounts Payable Transformation powered by RPA
Watch our short demo video on APex an invoice processing solution. APex transforms accounts payable departments using a combination of robotic process automation (RPA), advanced data intake, workflow technologies, along with cognitive capabilities such as artificial intelligence (AI) and machine learning (ML) to allow enterprises to automate the entire invoice intake and approval process end-to-end.
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