Lot of effort of the finance and accounting teams is wasted in repetitive and error-prone tasks of processing vendor invoices. It takes necessary resources from the critical parts of the procure-to-pay cycle.
IN-D Payables combines an artificial intelligence (AI) enabled invoice capture and digitization with manual checks further assisted by the AI to ensure up to 80% reduction in costs while improving process controls at the same time.
IN-D Payables automates the followings steps:
Capture/Upload invoices any file format – PDF (scans or readable), images (any format)
Digitizes and extracts header information (vendor details, tax number etc.) and tabular information (quantity, price, taxes etc.)
Provides invoice-wise and field-wise confidence level on extracted data
Rapid validation with markers for each field extracted
Output available in required data formats and APIs for integration with downstream systems
As a ISO27001:2013 certified organization for information security that also works with global financial institutions in sensitive areas like digital identity, IN-D.ai ensures your peace of mind with safe, secure and automated accounts payable processes.