GenXAI Smart IP
Invoice Processing
The Intelligent P2P Companion
In an environment dependent on paper-based invoice processing, accounting & disbursements, companies lose productivity, increasing incidents of late payments & penalties, mismatches in PO & Invoice details, error prone reconciliations thereby resulting in ineffective man day utilisation, working capital challenges & poor supplier relationships.
Business benefits of a GenXAI Smart IP (Invoice Process)
GenXAI IP (Automated Invoice Process) BY GENXAI THE INTELLIGENT P2P COMPANION
Invoice capture from any source: e-invoicing, email, paper, electronic data interchange
OCR (Optical Character Recognition), ICR (Intelligent Character Recognition) & automated extraction of data
Configured Supplier Contract Templates with Clauses
Guided Indexing
Automated PO matching
Invoice processing for both PO & non-PO based contracts
Seamless integration with third-party systems & ERP
Configuration of dynamic business rules
Suggestive Workflow Mechanisms for Approvals & Rejections
Automated generation of Exception Reports & Handling of Exception Report output
Mobile-based push notification & invoice capture functionality
Auto-generated predictive & suggestive Management Dashboards