Intelligent accounts payable automation (AP Automation) is a software solution that uses robotic process automation (RPA), intelligent document processing (IDP), and optical character recognition (OCR), to give invoice processing a boost to save your organization time and money.

By combining process automation with machine learning and AI technology, you can make your structured and unstructured data more usable to streamline this labor intensive, manual process.

Intelligent automation is a great way for any AP department to optimize resources, reduce spend, and put the focus back on more strategic work. Especially if any of the following scenarios are relevant to your team:  

• Your staff is spending too much time on data entry, chasing down invoices, and manually matching POs.
• You have a team of programmers spending hours building and maintaining templates.
• You’ve tried other AP software but the system wasn’t smart enough to capture something if it didn’t know where to look.
• Your current solution lacks throughput, so you've stopped using the software as its too inefficient.

Sound Familiar? Then you need an intelligent software solution. Get our  next generation intelligent automation can streamline processes, reduce costs, and gain visibility in your AP department.

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Benefits of Intelligent AP Automation Software

Together, robotic process automation and intelligent document processing deliver a smarter way to automate your AP processes. RPA software bots take over the tedious, repetitive processes like monitoring an inbox or entering data into an ERP or other critical applications. All while the robust patented unassisted machine learning engine of IDP eliminates the manual sorting and classification of documents to capture relevant data elements in invoices, credit memos, and more. These drive the core benefits of utilizing an intelligent AP automation solution:

• Cost Savings
  Not only does manually processing invoices cost you time, but it can also lead to costly errors like vendor overcharges, lost or misplaced invoices, and late payments. AP automation virtually eliminates these problems, saving your organization money.

• Improved Response Time
  Keep clients and vendors satisfied by rapidly minimizing the time between invoice receipt and payment. AP automation automatically captures invoices as soon as they’re received and gets the process completed faster and without errors.
• Easier Approvals
  Automate your approval process with a workflow that automatically gets documents where they need to go. Plus, get a full audit history of when the document was received, signed off on, and passed to the ERP for final processing.

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What Can You Achieve Using Intelligent RPA in Accounts Payable?

There’s no such thing as a typical invoice. Other capture solutions struggle with invoices that have different formats or multiple pages. But an intelligent AP solution can handle invoices and documents in all types of formats and sizes to give your AP department back time, money, and sanity. With an intelligent AP automation solution you can:

• Capture Invoices: the minute they arrive into your organization
• Classify Documents: automatically by separating your invoices from supporting documents
• Reduce Manual Data Entry: by automatically extracting line-item-detail data elements to share with your ERP
• Electronically Route Invoices: for pricing and approval and easily export images and data to your ECM solution
• No Template Building: with custom machine learning algorithms, quickly setup previously unseen documents
• Manual Visibility & Compliance Controls allow insight into which invoices are queued for processing and can apply strict control

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