For many organizations, it can take up to 10.6 days to fully process an invoice. Manual tasks including data extraction, validation against purchase orders, and adherence to several compliance rules regularly contribute to this timeline. Delayed payments, incorrect payment amounts, lost invoices, and unsettled relations with suppliers are the most common outcomes of these manual tasks.
Dealing with electronic and paper invoices that look different and contain different data makes automating this task very challenging. Intelligent automation leverages the power of Robotic Process Automation and Machine Learning to erase these challenges and makes it possible to process both structured and semi-structured invoices automatically.
Automated invoice processing with AI-powered RPA Bots can help you manage your invoices more efficiently and accurately. It enables you to improve cycle time, compliance, supplier relationships, and opportunities for early payment discounts.
Join this webinar to learn how you can streamline end-to-end invoice processing and save hundreds of hours daily.
You will learn,
- What is intelligent automation?
- How can AI be used in Invoice Processing?
- How analytics and compliance can be made easy.
- How can these technologies help you to begin now?
- Common use cases for invoice process automation.