Use smart automation to 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.
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increase in employee productivity
less time responding to inquiries
lower invoice processing costs
fewer late payments
faster invoice processing time
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.Learn more
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.
Costain, the leading smart infrastructure solutions company serving the UK’s energy, water, transportation and defense markets transformed its procure-to-pay operation and upskill its ﬁnance team with ABBYY Digital Intelligence.
Commercial property consultancy Lambert Smith Hampton revolutionised their AP process, taking the next step in digital transformation.
PepsiCo looked for a solution to eliminate the time and labour-intensive job of keying invoice and credit data into SAP manually.
Learn more about ABBYY products that power ABBYY accounts payable solution.
Find out how ABBYY's Invoice Capture and AP automation solution addresses your organization needs.
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