Overview

Accounts Payable Automation with AIP aims to streamline the payment process, optimize working capital, and maintain healthy supplier relationships. The primary focus is on reducing manual data entry, late payments, and invoice mismatches, while improving efficiency and helping cost savings.

Features

• Automate Data Extraction: Simplify invoice processing by automating data extraction from ERP systems and invoice PDFs to ensure accurate and timely financial reporting.
• Intelligent Invoice Matching: Harmonize the Purchase Order, Goods Receipt, and Invoice process by automatically matching invoice items to the correct SAP entries, reducing discrepancies and open invoices.
• Prompt Payment Management: Prioritize critical invoices and resolve payment blocks efficiently to maintain timely and consistent payments, fostering positive supplier relationships.
• Reduce Invoice Errors: Accelerate processing times with automated validation, optimizing operations and reducing costs.