Save time and money with accounts payable (AP) invoice processing automation powered by AI
Cloud-based solution that uses AI and SAP ERP integration to tackle the headaches of invoice processing for your AP team. It extracts data, automates tasks, eliminates manual errors, streamlines approvals, and frees up your AP teams to focus on higher-value activities and improving a company's overall financial health.
Overview
Process accounts payable invoices with accuracy and efficiency
Minimize errors in AP invoice processing and free up your AP team's time to focus on higher-value activities by automating data extraction, validation, entry, and approval routing. This ensures the accuracy of your financial records, reduces the risk of costly mistakes, and leads to significant time savings and improved overall productivity.
Reduce your overall AP invoice processing spend
Achieve significant efficiency gains and cost savings with AI-powered automation by reducing the overall spend associated with manual data entry and AP invoice processing, as well as potential penalties from errors.
Streamline your AP invoice processing workflows
Manage the AP invoice processing activities of multiple departments and entities in one place. This enables more organized and transparent workflows, with automated approvals and real-time tracking for greater visibility and control. You can also sync your G/L account, cost center, internal order, tax master, exchange rate, WBS structure, and profit center data for better data integrity and invoice processing efficiency.
Details
Solution Type
Extensions and Add-ons
Industry
Cross-Industry, Retail, Industrial Manufacturing, Engineering, Construction, and Operations, Healthcare
Compatibility
Works with
SAP S/4HANA Enterprise Management
Features
Capture invoices and line items with AI
Extract data accurately from various invoice formats. The AI engine can identify and categorize line items on the invoice, capturing details like product descriptions, quantities, and unit prices. Invoices of multiple departments and entities can be uploaded or gathered through integrations.
Automate data validation and exception handling
Make use of 2-way and 3-way matching to automatically verify captured data against purchase orders, receipts, and existing vendor information. The system flags discrepancies for manual review and resolution, preventing errors from slipping through the cracks.
Simplify AP invoice processing approvals and workflows
Define rules to automatically route invoices for approval based on preset criteria like vendor, amount, or department. The platform automatically sends notifications to designated approvers, ensuring invoices don't get lost or delayed.
Plans and pricing
All plans include:
Business
Task management
Email inbox and cloud storage integration
Advanced exception handling
Optional add-on: Increasing page limit per month
Optional add-on: Custom integration with ERP or accounting software
Dedicated account manager
Includes unlimited Users Includes unlimited Organization Includes 2500 Pages Price upon request- Has prerequisite
See all pricing details Task management
Email inbox and cloud storage integration
Advanced exception handling
Optional add-on: Increasing page limit per month
Optional add-on: Custom integration with ERP or accounting software
Dedicated account manager
Includes unlimited Users Includes unlimited Organization Includes 2500 Pages Enterprise
Task management
Email inbox and cloud storage integration
Optional add-on: Advanced exception handling
Optional add-on: Increasing page limit per month
Optional add-on: Integration with ERP or accounting software
Optional add-on: Custom AI model and platform changes
Premium customer support with dedicated account manager
Includes unlimited Users Includes unlimited Organization Includes 5000 Pages Price upon request- Has prerequisite
See all pricing details Task management
Email inbox and cloud storage integration
Optional add-on: Advanced exception handling
Optional add-on: Increasing page limit per month
Optional add-on: Integration with ERP or accounting software
Optional add-on: Custom AI model and platform changes
Premium customer support with dedicated account manager
Includes unlimited Users Includes unlimited Organization Includes 5000 Pages Starter
Standard customer support
Includes 3 Users Includes 1 Organization Includes 250 Pages Per MonthUSD 89.00- Minimum contract 1 year
- Has prerequisite
See all pricing details Standard customer support
Includes 3 Users Includes 1 Organization Includes 250 Pages Professional
Task management
Priority customer support
Includes unlimited Users Includes 1 Organization Includes 1000 Pages Per MonthUSD 479.00- + USD 1000.00 Setup Fee
- Minimum contract 1 year
- Has prerequisite
See all pricing details Task management
Priority customer support
Includes unlimited Users Includes 1 Organization Includes 1000 Pages
Technical Information
| Solution Type | Extensions and Add-ons |
| Category | Quote-to-Cash Management |
| Industry | Cross-Industry, Retail, Industrial Manufacturing, Engineering, Construction, and Operations, Healthcare |
| Works with |
SAP S/4HANA Enterprise Management |
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 |
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| Globalization |
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| Operations |
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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 |
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| Compliance |
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Resources
MyiQ.Ai Product Overview
MyiQ.Ai Walkthrough: Approval Workflow Automation
Publisher
iQuantM Technologies Limited
iQuantM Technologies is a Humane Digital Transformation Partner dedicated to helping businesses achieve sustainable growth through a Human-Centered approach that focuses on building trust, understanding your unique needs, designing right-sized solutions, and co-executing digital transformation initiatives from vision to value to help you leverage the full potential of SAP and AI.
