AI powered accounts payable automation solution
InSITE offers streamlined process flows using Intelligent Data Extraction with automated exception handling and approval workflows for vendor invoice payment processing. InSITE seamlessly integrates with SAP Ariba with easy deployment & affordable maintenance cost.
Overview
Reduced labor, processing costs & cycle time
With the automation and exception handling, InSITE brings efficiencies to the Invoice Management process. These efficiencies minimize manual processing and automates the process from intake to posting and payment.
Eliminates duplicate invoice settlements
Capture data from invoices automatically without any manual efforts, dramatically reducing data entry costs, improving validation and eliminating costly duplicates.
Reduced time & expense required for audit processing
Digital traceability of an invoice from intake -> to posting and payment reduces manual auditing and allows for auditors the transparency needed to do their job without having to search for paper invoices and run reconciliation reports. This is expected to reduce auditing timelines by half or 50%.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry, Retail, Wholesale Distribution, Healthcare
Compatibility
Works with
Features
Manage and track invoices from a dashboard
Separate logins for an indexer, AP agent & approvers with the view into complete lifecycle of an invoice. The line to line level invoice matching to purchase orders and goods receipts ensures optimal vendor relationship.
Extract information from invoices without errors
Process invoices by automatic data extraction driven by Artificial Intelligence. The algorithm improves the data accuracy levels using self learning capabilities.
Handle exceptions and collaborate on business rule
Automate exception handling and approval workflows with rule-based email notifications to respective stakeholders to ensure timely completion of tasks & approval of invoices
