Accounts Payable Automation Company

Looking to automate accounts payable at your organisation ?

If the answer to above question is yes, schedule a quick meeting to know HOW !!!

AI based invoice Processing application

Our Document automation solution automates your entire business process related to accounts payable, accounts receivable, bank statement etc

10X Acceleration in Document Processing

Achieve 90% Reduction in Manual Effort

99.5% Accuracy in Data Extraction

Improved Compliance with a 95% Error Reduction

What is Automated invoice Processing?

Invoice processing automation is the process of streamlining and automating the invoice processing workflow. Invoice automation streamlines the accounts payable processes by automatically paying supplier invoices.

Invoice processing workflow includes steps like extraction of invoice data, entering the data into the ERP/CRM system, and reviewing and approving invoices automatically based on preset rules.

Automated invoice processing software allows companies to take a more hands-off approach to invoice management. Accounting teams are also freed up from tedious manual tasks so that they can focus on strategic tasks.

Most invoicing platforms can directly integrate with ERP platforms, which helps increase the timeliness and accuracy of payments.

features of invoice Processing automation software

Smart invoice Capture

Utilize advanced optical character recognition (OCR) technology to intelligently extract relevant information from invoices, including vendor details, invoice amounts, and line items. Our software ensures accuracy in data extraction, even from diverse document formats.

Automated Data Validation

Employ machine learning algorithms to cross-verify extracted data against predefined rules and historical patterns, minimizing errors and ensuring compliance. Intelligent validation mechanisms flag discrepancies and prompt corrective actions, enhancing data accuracy.

Integration with Accounting Systems

Seamlessly integrate with popular accounting and enterprise resource planning (ERP) systems, enabling synchronized data flow. This feature enhances collaboration between finance and accounting teams, reducing manual data entry and promoting real-time updates across platforms.

Advanced Analytics and Reporting

Leverage data analytics to gain valuable insights into spending patterns, vendor performance, and invoice processing efficiency. Generate comprehensive reports and dashboards that empower decision-makers with the information needed to optimize financial strategies and identify areas for improvement.

Benefits of invoice Processing Automation Software

Eliminate Manual Work

Automate document processing for 80% workload reduction, minimising errors, and boosting focus on business growth.

Error Reduction

Minimize the risk of human errors associated with manual invoice processing.

Improve Efficiency

We have seen that our existing clients have been able to reduce the cost by upto 50% by reducing the workforce and automating the different business processes.

One-click Document Approvals

Instantly approve and match hundreds of documents . Seamlessly load payment data into your financial software with a single click.

Comprehensive Insights

Track and manage pending documents by project, supplier, and approver on your dashboard. Communicate directly with approvers for timely processing.

Invoice cognitive Capture

Due to recent advancements in artificial intelligence and the reduced expenses associated with computing, the document OCR solution utilizes state-of-the-art technology to extract data, regardless of its formatting. Consequently, the need to establish rigid rules for data capture is eliminated, resulting in a considerably streamlined process.

Increased Team Productivity

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Reduced error rates

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Jump in Vendor Satisfaction Rate

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Why choose us for Invoice processing Automation?

Enhanced Efficiency

Our Invoice Processing Automation solution interfaces effortlessly with your existing systems, eliminating human data entry and shortening processing times. We empower your staff to focus on higher-value activities by automating boring operations, increasing overall productivity and efficiency.

Error-Free Accuracy

We ensure precise data extraction, verification, and matching for each invoice using cutting-edge technology. You may be confident that your financial records are always up to date and compliant since human error is minimised and accuracy is increased. Say goodbye to costly errors and hello to peace of mind.

Cost Savings

Our Invoice Processing Automation system optimises your invoice management operations, saving you money. You may allocate resources to other key areas of your organisation by decreasing labour expenses associated with manual processing, minimising late payment penalties, and improving cash flow management.

Say goodbye to manual tasks, eliminate errors, and reclaim valuable time. Transform invoice management with our Automation.

Testimonials

Prabhakar Posam

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I had the pleasure of working with SDLC Corp for my company’s web app development needs. Their app development services were excellent, and they went above and beyond in creating a mobile app with excellent UX and UI design. I highly recommend them for anyone looking to develop a mobile app.

Praful Tembhurne

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SDLC Corp was the perfect choice for our company’s mobile application development needs. They were able to develop both the iOS and Android versions of our app with a seamless user experience. Their team was responsive and professional throughout the project.

Hamza Al Lawati

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I was impressed with the project development solution provided by SDLC Corp for my mobile app. Their cross-platform apps are available on both the iOS (apple app store) and Android app stores, and I highly recommend them as a mobile app development company.

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Frequently asked questions

What is automated document processing software?

Document processing automation software is a solution that automates and streamlines the handling of invoices in businesses. It extracts data from invoices, validates it, and rapidly processes payments using modern technologies such as optical character recognition (OCR) and machine learning.

How does automated document processing software work?

Document processing automation software scans and digitises invoices, extracting key information such as invoice number, vendor details, line items, and amounts. The data is then validated and matched with purchase orders or contracts using business rules and workflows. Finally, based on established rules, the programme commences the payment process or sends the invoice for approval.

What are the advantages of adopting automated document processing software?

There are various advantages to using document processing automation software, including enhanced efficiency, decreased errors, faster processing times, improved visibility into the invoice lifecycle, and better compliance with financial regulations. It eliminates human data entry, reduces the possibility of duplicate payments, and improves cash flow management.

Is it possible to combine document processing automation software with existing accounting systems?

Yes, most document processing automation software is designed to work in tandem with existing accounting systems like enterprise resource planning (ERP) or financial management software. This integration provides automatic data transfer, removing the need for human data entry and maintaining accurate and up-to-date financial records.

Is document processing automation software secure and compliant?

Yes, credible document processing automation software suppliers place a premium on security and compliance. They use strong security measures to safeguard sensitive financial data and follow industry standards and regulations such as GDPR and HIPAA. Access restrictions, encryption, and audit trails are also routinely used to maintain data integrity and privacy.