Intelligent Accounts Payable Process Automation

Streamline Accounts Payable through Digital processing of incoming invoices. Go-Paperless and Cut Invoice Processing Cost by up to 70%

Schedule DEMO

Our solution’s workflow is streamlined as per the best industry practices. The processes are triggered through RPA, combined with AI supported digitisation and matching is guaranteed to generate ROI beyond numbers.

Accounts Payable Industry Facts & Statistics

The average cost to process an invoice is between $4 and $10 in the majority of organizations

As per The Institute of Finance & Management (IOMA) on an average, 3.6% of invoices have errors, probably due to manual data entry

According to Ardent Partners, 47% of AP leaders feel lengthy processing times are their biggest challenge

According to The Accounts Payable Network, 80% of invoices still arrive on paper and 52% of AP departments say their top priority is migrating away from paper-based processes.

AP Automation Software Capabilities

Email Parser or Document Repository Parser

Importing of invoices into the system

Invoice Data Extraction

Capture the data from the invoice image / document

Automated 2-way or 3-way Matching

Makes sure all data on the purchase order and invoice aligns

Digital Workflow

Route invoice as per business rules.
Route to approvers for approval / in case of non PO invoices.

Data Dashboard & Analytics

Use Dashboard to keep a track of all approved invoices & Use analytics to turn data into insights to increase efficiency

Seamless Integration

Easily integrate the AP Automation solution into your specific processes / financial system

Benefits:

Reduce manual and paper-based invoice processing

Monitoring Compliance and Increasing Process Control

Improved Accuracy & Increased transparency of data

Quickly and easily capture invoice data

Audit activity throughout the process to maximize productivity

Automate workflow & Expedite Approvals

Prevention of double payment for duplicate invoices

Securely store invoices and related documentation for easy retrieval

Integration with existing systems

SUCCESS STORY : Implementation of Invoice Automation Solution for an Electrical Enterprise

Intuitive Dashboard
Smart AP Processing
Seamless Integration

GET YOUR AUTOMATION SOLUTION RIGHT NOW

Discuss regarding the Project

Let’s work towards building a future-ready enterprise

info@futuristiqsolutions.com

UAE : +(971) 52-942-8174

Canada : +(1) 647-468-7279