Automate Accounts Payable with non templatized approach, Achieve 98% coverage of invoices and 90% prediction with tight integration to ERP using our AI engine
Raise the industry standards by coming out of the ‘Template’ barrier, transparently bridge to ERP and enjoy seamless invoices closure, relish the “Early bird” discounts- Be a trendsetter in Automated Invoice Processing with SmartInvoice
What makes SmartInvoice SMART?
SmartTrain
Our AI/ML models are trained to handle invoices in any format which is the keystone to our claim on a non-templated approach
SmartScan
Our smart solution scans various formats (.jpg, .pdf, etc.) of incoming invoices from varied sources (email, S3, Sharepoint, etc.)
SmartExtract
Our intelligent Data Search engine searches, identifies, extracts and predicts the key data from invoice scanning from the underlying ERP
SmartProcess
Our Intelligent Automation Platform Tulip maps the predicted key data with the ERP system and posts the invoice data and processes them to closure
How SmartInvoice automates invoice postings?
Collect
Gather different format invoices from different sources
Read
Read invoices and segregate key data
Understand
Recognize what means what and predict where ambiguous
Map
Match up to data from ERP, cross-check if in doubt and verify
Post
Push the data to ERP, approve if necessary and post
Benefits
Non templated approach
All invoices deserve automation
Hybrid, customizable AI prediction engine
Employs state of the art computational algorithms
Customizable business workflows
Decide what’s in for you and in which sequence
Intelligent 3 way data matching with ERP (SAP®)
Perform 3 way matching on a tightly integrated ERP
Effortless handling of multiple personas
Bridge multiple teams of Accounts Payable
Interactive UI for user inputs
Seamlessly handle anomalies and train in the process
Faster deployment timeline
One-third of the time compared to the Industry average deployment time
Sensible pricing model
Based on Rate of Success as opposed to the Industry’s Number of Scans pricing model
SmartInvoice Differentiators
| Feature | SmartInvoice | UIPath Document Understanding | Intelligent Document Processing (IDP)/IQ bot by Automation Anywhere |
|---|---|---|---|
| Intelligent capture | |||
| Multiple input formats | |||
| AI models training | Highly Customizable | Not Customizable | Not Customizable |
| Mapping to ERP data | |||
| Predefined invoice creation flows | 3 way ERP matching, 2 way ERP matching, On-demand PO creation based on invoice, etc | No ready made scenarios | No ready made scenarios |
| Customizable business workflows | Very easy – using Tulip | Not possible | Possible – Intricate as a result of Python Scripting |
| Deployment model | On-premise/Cloud | On-premise/Cloud | On-premises/Public and private Cloud |
| Pricing model | Flexible – Rate of success model | Number of scanning model – irrespective of success rate, also depends on number of bots | Chargeable for bots, number of users and trainings (number of templates) model |
| UI with mapping functionality | Ambiguity validation - Supports both mapping and typing inputs | Human intervention validation - Supports typing inputs | Human in the loop validation – Supports typing inputs |
