Cherrywork^® Accounts Payable Automation is an all-encompassing solution for streamlining invoice verification and posting in SAP ERP systems. By digitizing and automating key processes such as invoice processing, data extraction, and configurable approval workflows, the solution significantly reduces manual tasks, enhances accuracy, and boosts efficiency. This enables businesses to manage their payables more effectively, save time, and optimize cash flow.
The integration with ABBYY Vantage adds a powerful dimension to Cherrywork^® Accounts Payable Automation by incorporating cognitive services. These services utilize AI and ML to swiftly understand and extract information from documents. The solution can handle invoices in over 200 languages and various formats, classifying them by region and accurately extracting key data points such as headers, footers, and line-item details, providing nearly 100% OCR accuracy. 

 

The solution offers pre-processing, post-processing, and task management capabilities that ensure over 80% touchless processing. Real-time integration and dynamic validation facilitate dynamic 2-way and 3-way matching. The AI/ML engine integrated into the solution helps recommend scenarios for automation, including coding templates and fraud detection. Additionally, Integrated task management and workflow capabilities support task routing, SLA management, and business rule enforcement. The comprehensive dashboards provide key KPIs, empowering AP leaders to take decisive actions and drive digital transformation.