Optimize invoice processing to Increase efficiencies and reduce the cost per invoice
Designed to support best practices for information capture, invoice processing, and AP reporting and analytics. Customers who have deployed the solution have typically shown a return on investment within the first 12 months by simply automating daily tasks, removing processing inaccuracies, increasing visibility, and improving overall cash management.
Overview
Achieve faster invoice approvals and increased overall efficiency
Achieve 90% faster invoice approvals and increase overall efficiency by 40-80 percent with intelligently automated workflows that reduce the time and effort needed to resolve invoice exceptions, lowering invoice processing costs.
Leveraging AI for fast capture, duplicate detection, and efficient auto-posting
Capture invoices quickly and quickly detect and reject duplicate or incorrect invoices with AI-powered intelligent document processing to enable faster, more efficient processing and auto-posting.
Achieve global visibility and control with detailed tracking
Gain complete visibility and control over global invoices with detailed invoice status tracking that makes it easy to respond to vendor or audit queries. A complete audit trail ensures processes comply with global and local regulations.
Details
Solution type
Extensions and Add-ons
Industry
Oil, Gas, and Energy, Industrial Manufacturing, Utilities, Telecommunications
Compatibility
Works with
Features
AI-powered document capture
Use AI to quickly capture vendor invoices across formats (scans, PDFs, XML, EDI) with precision extraction for swift, automated processing. Integrates with top procurement systems (Ariba, Taulia, Coupa) and Serrala's vendor portal for varied invoicing.
Optimizing enterprise financial operations
Automate invoice validation against master data/sources with RPA and ML, reducing manual AP touches. Users set up business rules independently of IT, directing invoices for approval or exception management, enhancing automation efficiency.
Enhancing enterprise efficiency with real-time financial information
Track invoices in real time in a centralized invoice hub with detailed invoice status codes. Users can identify and take action on high-priority invoices and drill down into the transaction to view the complete invoice details, including the invoice history, approval status, and invoice image.
Plans and pricing
Standard package
Cloud Approvals
AI Capturing
- EUR per Invoice
- Minimum contract 3 years
- Minimum 1 order required
Cloud Approvals
AI Capturing
