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 with minimal training. The solution can handle invoices in over 200 languages and various formats including handwritten invoices, classifying them by region and accurately extracting key data points such as vendor invoice header details 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 with ERP systems, coupled with robust validation protocols, ensures precise 2-way and 3-way matching of vendor invoices, thereby significantly reducing the invoice processing cycle time. 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.

• Optimize customer experience by providing end to end visibility. End-to-end visibility across Accounts Payable process with real-time tracking of invoice status from receipt to payment, SLA tracking, aging reports, user workloads, and exception reporting.
• Boost productivity with improved efficiency to customers. Enhanced efficiency with minimized risk of errors across invoice data entry, user collaborations, automated approval routing, and rule-based non-PO coding.
• Unify operations seamlessly through integrated multi-ERP solutions. Multi ERP integrations with prebuilt connectors for SAP ERP and customized integration with other Enterprise Systems for validation of master data, 2- way and 3-way matching, invoice posting and more.
• Ensure regulatory adherence with robust compliance  enforcement. Enforce compliance using detailed audit logs, automated approval workflows, configurable SLAs for tasks and robust user management.