Use smart automation to speed invoice processing and do more with less.
The transactional processes that support Accounts Payable departments are the most prime activities for automation in Finance & Accounting, according to recent research. Sixty-five percent of invoices still arrive on paper or via email and printed, leaving ample opportunity for modernization and process improvement using today’s smart technologies.
Process inefficiencies in Accounts Payable affect both the AP and the Finance functions, from too-long invoice cycle time to an abundance of errors, lack of visibility, high costs, regulatory risk, and a lack of control over liabilities. Most, if not all, of these challenges can be solved with intelligent automation of invoice and financial documents processing.
in employee productivity
less time responding
fewer late payments
ABBYY takes a process-first approach to expediting and improving Accounts Payable processes. Using our Process Intelligence technology, we can help you identify the precise process areas that are costing you the most time and money. This is where automation can have greatest impact.
Next, we help you implement an intelligent invoice processing flow. Using artificial intelligence (AI) technologies such as machine learning, neural networks, and natural language processing, ABBYY’s invoice processing solution automates invoice capture, recognition, field extraction, and validation of data, delivering it to organizations’ workflow and accounting systems to provide an end-to-end Accounts Payable solution. It can also process other documents such as purchase orders, receipts, and bills of lading.
The integration of FlexiCapture for Invoices with SAP Intelligent RPA streamlines business processes like Accounts Payable by delivering end-to-end automation solutions. FlexiCapture leverages AI technologies to turn unstructured content into structured, actionable information, allowing SAP to further automate processes and more intelligently manage information that facilitates digital transformation.
ABBYY smoothly plugs into corporate standards and information systems – RPA, CRM, ERP, BPM, ECM, and accounting systems – and makes business processes smarter, faster, and more responsive.
Process up to 200 of your invoices free of charge with our cloud-based invoice processing service.
ABBYY mobile capture assists with expense management, providing an easy, convenient way to capture data from receipts for further processing, using an app or mobile website.
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Find out how ABBYY Digital Intelligence solutions for Accounts Payable Automation can address your needs.
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