Simplifying complex business processes with AI accounts payable executive
An automotive manufacturer
Business challenge
The accounts payable team at the client’s organisation faced challenges processing invoices due to fragmented systems and manual procedures. This resulted in the need for manual authentication of invoices against timesheets and receipts, leading to payment delays, reputational harm, and occasionally, production delays.
Solution
To address these challenges, we implemented BeyondKognition™ AI accounts payable executive, which automatically obtained necessary information from electronic and printed documents, matching them with a high degree of precision and efficiency. The AI executive enabled the AP team to regain control, with a built-in learning and training feature that helped adapt to new situations, resulting in a significant reduction in monthly exceptions. By automating the invoice processing workflow, BeyondKognition™ helped the client improve payment processing efficiency, reduce errors, and enhance supplier relationships.
Project outcome metrics
90%
accuracy of data extraction
Template-free extraction of different file formats
Near real-time processing of invoices
Summary of the services used in the project
- BeyondKognition™
Eliminate repetitive and manual processes in your organisation with BeyondKognition™.
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