True invoice automation bridges the gap between manual and digital processing
Seamless processing of North American manual invoices supports your P2P strategy. Machine Learning-assisted OCR plus proven human processes deliver accurate and complete data straight to your downstream system. Address unique nuances, solve real-world problems, and evolve AP.
By Symbeo, Inc
Overview
Bridge the gap between paper and electronic invoices
Paper invoices may never go away, but you don't have to touch them anymore. Symbeo automates all manual processes and turns up your electronic invoice solution, transforming AP and delivering significant cost savings fast.
Eliminate 80-90% of your effort
High straight-through processing rates mean you get back 80-90% of your time to focus on work that positively impacts the enterprise. Symbeo's consistent data accuracy rate of over 99.5% means confidence in the results.
Validate, automate and route to downstream systems
Perfected data bypasses your AP department without the need for manual effort or intervention. Invoices are routed directly to your ERP or downstream system for payment.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry, Retail, Automotive, Engineering, Construction, and Operations, Healthcare
Compatibility
Works with
SAP Ariba Buying
Features
Mailroom, Scanning, Separation, and Classification
Daily pick up, receiving, prep and scan of physical and email documents. Physical and digital envelope boundaries are maintained throughout. Documents are separated and classified, ready for data capture. Strict physical & logical security policies ensure data safety (HIPPA and SOC compliant).
Data Capture
Using advanced AI enabled Optical Character Recognition technology, raw data is captured with 95% field level accuracy (SLA guaranteed, header and lines) without the need for templates or thousands of upfront training documents. AI recognizes and captures data accurately Day 1.
Data Validation
Machine learning and business rules validate, match, and enrich raw data using master data. Automate the most complex scenarios with customer-specific rules and configurations and teach the system over time. Vendor resolution, PO matching, approver assignment, auto-coding and more.
