Corpay's Invoice Automation is a comprehensive solution designed to streamline and simplify the accounts payable (AP) process. It leverages advanced technology to automate invoice processing, reducing manual work and increasing efficiency for businesses of all sizes.

Key Features

Automatic Data Extraction Utilizes OCR and AI technology with double verification for highly accurate data capture.

• 99%+ accuracy in data extraction
• Eliminates manual data entry

Customizable Approvals Offers flexible approval workflows to match specific business needs.

• Fully customizable to fit business rules and processes
• Automated routing of invoices

ERP Integration Seamlessly connects with existing accounting software.

• Compatible with various ERP systems
• Streamlines payment processes

Benefits

Time and Cost Savings Significantly reduces the time and resources required for invoice processing.

• Processes more invoices in less time
• Reduces costs by up to 80% compared to manual methods

Improved Accuracy and Control Enhances the precision of invoice processing and provides better financial oversight.

• 2 & 3 way matching ensures invoice accuracy
• Customizable controls for payment priorities and preferences

Enhanced Visibility Provides a centralized view of all invoice-related activities.

• Real-time tracking of invoice status and payments
• Detailed analytics dashboard for better cash management

Additional Functions

Paperless Processing

• Captures and routes invoices electronically
• Creates a fail-safe electronic paper trail

Automated Notifications

• Alerts for late invoices
• Scheduled payment reminders and deadlines

Reporting and Analytics

• Centralized dashboard with detailed financial insights
• Real-time status updates on invoices and payments