Invoice Processing Automation

Home

Invoice Processing Automation

Automatically extract, populate, and manage your invoice data so that payment processing can be done quickly, efficiently, and in a cost savings manner.

Value proposition of automated invoice processing

Automated invoice processing has plethora of benefits including reduction of time to process the invoice, mitigation of risks and errors associated with the manual processing of invoices, and last but not least the reduction of hefty operational expenses. Thus, digitisation of this process is vital in ensuring that an enterprise can handle large amounts of invoices that come their way.

Increase your control and Transparency

Automating the task of invoice processing allows for an easier ability for the enterprise to track their invoices. Hence, it enables the payments department within enterprises to make decisions about payment reminder notices or follow-ups in your system more efficiently.

Collect Quality Data pertaining to invoices for better insights

Through our bot privIC enterprises can truly harness Big Data to identify who amongst their many customers always pays on time? Who often pays late?

By using this data better decisions and business results can be achieved such as if many invoices which are being processed are associated with one specific vendor, then negotiating a discount may be on offer.

Increase employee’s productivity and intrinsic motivation

Employees satisfaction is higher when the employee intrinsically feels that the work they do on a daily basis is meaningful and is contributing to the betterment of the enterprise. Hence, mitigating employee involvement in tedious, mundane tasks such as data entry for invoice processing, can overall help boost employee morale and allow them to derive key insights that could help the enterprise as a whole progress towards achieving relevant KPI’s.

Anomaly Detection

ML Driven Data Intelligence

Strategic Migrations Via ETL

Cross Cloud Analytics

Hydro Poles