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Automation AI
Business Challenge.
Invoice processing is labor intensive, involving manual extraction of vendor invoice data into systems like SAP.
It costs businesses $15 - $40 per invoice and can take up to 90 days to complete. Manual data input leads to payment delays due to data entry errors.
Additionally, inconsistent invoice formats pose challenges for automation in document processing.
The automation + generative AI solution.
-
Intelligent
Automation and generative AI enhance efficiency and save time. -
Automation Success Platform enables end-to-end Invoice processing, with
generative AI flagging discrepancies between invoices and ERP forms.
Accounts Payable staff can swiftly verify and advance the workflow within
the app. ERP data entry is automated, and generative AI generates
personalized emails to vendors.
- Additionally,
automation updates the finance dashboard to track savings and ROI impact for
finance leaders.
Business impact & outcome.
33%
average cost savings for invoice processing
30%
supplier discounts captured
30%
improvement in productivity
More effective invoice processing with generative AI
Slash costs by 40% using Intelligent Automation
Analyst uses Automation Co-Pilot to kick off invoice processing
INVOICE DATA
Document Automation
- Language
- Format
- Classification
- Payment
information
- Vendor data
Automation accesses data stores
Generative AI synthesizes, understands context, verification and approval
- Fraud detection
- Invoice
matching
- Validation
- Route for
approvals
- Initiate
payment processing
AP system updated with reconciled data
Vendor receives payment in time
Automation
Human interaction
Generative AI
Automation Co-Pilot
