InvoiceSys - an automated solution for processing invoices, has delivered a 40% increase in efficiency, with significantly shortened time and cost of invoice processing.
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Invoices, bills, POs, receipts in multiple formats and sources like email, paper, PDFs and scanned images – all of these can be quite cumbersome for AP teams to handle, besides being prone to manual errors.
InvoiceSys is an end-to-end solution that delivers significant efficiency gains by automating invoice processing. An important component of the solution is a Sapours proprietary integration platform allowing the data to be posted multiple ERP or finance systems.
Our document processing technology, with AI/ML components from KlearStack (our technology partner for AI/ML), allows us to intelligently extract line-item data from invoices. AI-powered OCR technology ensures high accuracy of data extraction and a highly adaptive self-learning model ensures that the system progressively becomes more accurate, leading to higher ROI over time.
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Businesses across industries and domains admit to expending a significant percentage of time and effort to handling large volumes of invoices across departments
Moreover, many organizations are still manually processing invoices, making them prone to errors which can prove expensive to the organization
Delays in payments, over-payments or missed payments as a result of errors in manual invoice processing can cost organizations a significant amount
Manual processing of paper invoices also creates problems in traceability
Manual reconciliation, manual approvals and validation of invoices is time-consuming, expensive and error-prone
InvoiceSys is a completely automated solution powered by AI/ML and OCR technologies
Can intelligently extract line-item data from scanned invoices and validate it
Can be customized as per the business needs of enterprises
Covers the entire spectrum of invoice management across all departments - from logistics to finance
Can post the extracted data directly into ERP or accounting systems
Equipped with alert mechanism and exception handling capabilities
Can handle documents in multiple formats like PDF, image formats or paper
Can handle large volumes of data with high accuracy
Currently supports invoices in English and is scalable enough to support other languages
Proven solution with 40% increase in efficiency and 60% reduction in manual work
Quick deployment of the entire end-to-end solution, providing savings in the overall transformation project timelines
Improves accounting accuracy and auditability of invoice processing
Scalable and robust solution capable of handling large volumes of data
+917447400303 +917447400303 4A, 2nd Floor, B3 Cerebrum IT Park, Kalyani Nagar, Pune - 411014
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