Next generation Invoice management solution powered by AI
InSITE stands as a next-generation, reliable, vendor invoice management solution that transcends automation and offers a holistic invoice management platform for Accounts Payable. InSITE seamlessly integrates with your SAP Landscape extending its accounts payable functionalities.
Overview
Ensures full transparency through a Cohesive & Centralized Platform
A centralized vendor invoice management platform to intake, compile, and process all types of invoices from multiple sources in different formats. The user-based access allows different AP team heads to monitor and manage every action, from intake to payment, on their personalized cockpit.
Provides touchless intake and automated processing of invoices
Applexus AI-driven data extraction and recognition engine (AIDER) for invoice processing, eliminate the need for any manual intervention. It automatically detects, populates, validates & verifies from 2-way and 3-way matching, and routes it to the next member in the invoice cycle.
Promises extended & continual Value Assurance
Continue to unlock value through periodic audits to monitor overall value since deployment, identify value leakage areas, identify factors causing leakage, align generated value with the expected value, and implement strategies to course correct your process to extract optimal value and more.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry, Retail, Wholesale Distribution, Healthcare, Aerospace and Defense
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 and from multiple sources
Process invoices by automatic data extraction driven by Artificial Intelligence. The algorithm improves the data accuracy levels using self-learning capabilities. InSITE enables invoice acceptance from different sources such as Email, Scanned copies, EDIs, iDOC, Supplier Self Service Portal.
Automated business rules, fraud prevention and exception handling mechanism
Automate exception handling and approval workflows with rule-based email notifications to respective stakeholders to ensure timely completion of tasks & approval of invoices, InSITE also helps flag fraudulent and duplicate invoices through 2-way matching and 3-way matching.
