Automate clearance posting, collections, and communications to save time and money
Optimizes efficiency, accuracy, and cost savings. The tool provides scalability, insights through analytics, and ensures compliance and security, utilizing SAP Document Information Extraction and other advanced tools. Solution reduces errors, improves cashflow, and enhances decision-making for businesses. Automation streamlines repetitive tasks such as invoice generation, data entry, payment processing, and reconciliation.
Overview
Boost efficiency in accounts payable and receivable operations
Implementing AI automation in accounts receivable and accounts payable processes significantly enhances operational efficiency. By automating tasks such as invoice processing, payment approvals, and reconciliation, organizations can eliminate manual errors and streamline workflows. This leads to faster processing times, reduced backlog, and improved resource allocation.
Reduce errors and achieve greater accuracy
AI-driven automation in accounts receivable and accounts payable operations mitigates the risk of errors inherent in manual processes. By leveraging machine learning algorithms, AI systems can accurately capture, validate, and reconcile data from invoices, purchase orders, and payment records. This minimizes discrepancies, duplicates, and misallocations, ensuring financial data integrity and compliance.
Achieve cost-savings by reducing manual labor
Automating accounts receivable and accounts payable functions through AI technology delivers cost savings for organizations. By reducing manual labor, paper-based processes, and time-consuming tasks, businesses can achieve operational efficiencies and scale without proportionate increases in overhead costs. Optimized cash flow management, early payment discounts, and reduced late-payment penalties contribute to tangible bottom-line savings.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry
Compatibility
Works with
Features
Automate invoice processing
SAP Document Information Extraction with Generative AI capability automates data extraction from invoices, reducing errors and processing time. Streamlines invoice handling, minimizes costs, and strengthens vendor relationships by ensuring timely and accurate payments.
Ensure compliance and security
Ensures compliance with regulatory requirements and data security standards. Protects sensitive financial data with secure encryption and access controls. Monitors regulatory changes to ensure ongoing compliance and safeguard reputation.
Integrate and scale seamlessly to grow transaction volumes confidently
Seamlessly integrates with existing accounting systems and third-party applications. Adapts to unique business requirements and workflows with flexible APIs and connectors. Scales to accommodate increased transaction volumes and organizational complexity.
Plans and pricing
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- Try OhZone Accounts Payable and Receivable Automation free for 7 days and experience automated invoice processing
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- Minimum 20 users at $500 per month per user
- Minimum contract value $360,000
- Customization also required; set-up pricing defined upon scope definition
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Technical Information
Technical details
| Solution type | Extensions and Add-ons |
| Category | Artificial Intelligence |
| Industry | Cross-Industry |
| Works with |
|
Deployment and operations
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
|
| Operations |
|
Security and compliance
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Security |
|
| Compliance |
|
| Privacy policy |
SAP's privacy policy is not applicable to the use of this app. Please refer to the privacy policy provided by this app's partner. |
Resources
Spec Sheet
Presentation Deck
Architectural Diagram
Publisher
Sierra Digital, Inc.
Sierra Digital is SAP’s BTP and AI Innovation Station, connecting enterprise users to revolutionary technologies that simplify, enhance, and extend SAP system value without the time, cost, or risk of traditional development cycles. With major development centers on four continents, Sierra is a global partner to SAP, providing quick Cloud advantages with an SAP-certified “follow-the-sun” model comprised of low-code/no-code app development and expert adoption support. Privately held and headquartered in Houston, Sierra employs more than 300 in the United States and abroad.
More solutions provided by Sierra Digital, Inc.
products
2001011327,2001011442,2001014752