Financial Fraud Detection

Managing the procure-to-pay process efficiently is critical for organizations to control costs and maintain healthy cash flow. However, manual invoice processing, improper spending tracking, and lack of visibility into procurement data make it challenging to optimize procure-to-pay. Our AI-powered platform helps overcome these challenges

Intelligent Invoice Processing Our computer vision AI accurately reads and extracts key details from physical and digital invoices of any format and layout in seconds, eliminating error-prone manual data entry. It learns from human feedback over time to adapt to your unique invoice formats and improves accuracy continuously.

Insights for Smarter Spending Decisions Our platform analyzes historical spend patterns to provide valuable insights - identifying opportunities for consolidation, competitive pricing, discounts, policy violations etc. These data-driven insights also help negotiate better contracts with vendors and set effective procurement KPIs to control costs.

Automated Audit Trail of Spending With complete visibility into purchasing data and related documents, our solution instantly generates audit trails and facilitates compliance with finance and accounting policies. The system flexibly adapts to your approval workflows and reporting needs.

Proactive Exceptions Management Our AI flags invoices that do not match purchase orders or exceed budget or policy limits defined by your finance team. Automatic notifications enable procurement and finance teams to quickly resolve issues together and streamline exception handling.

Overall, our intelligent procure-to-pay automation achieves up to 80% faster invoice processing, 30% reduction in maverick spending, and boosts procurement team productivity by 60%. The solution seamlessly integrates with ERPs like SAP Ariba or Oracle, minimizes IT dependency, and delivers ROI within 6 months.

Let us know if you would like us to explore specific use cases further!