Oracle Financials Cloud
Reseller and Solution Provider
Automatically capture, understand, validate, and approve invoices from any source
AP Essentials™ lowers costs and shortens processing times by automating the capture and validation of invoices from any source, in any format. A dedicated cloud operations team ensures optimal performance with around-the-clock monitoring and effortless handling of significant changes in document volumes. Market-leading Cognitive Capture services increase data accuracy and reduce the risk of error. Pre-built dashboard guides robust analytics, and continuous feedback helps improve the invoice process. AP Essentials requires no hardware or software, so no tedious maintenance, upgrades, or updates.
The Oracle Financials Cloud integration enables cooperation between AP Essentials and Oracle Financials Cloud. It leverages more power and adds value to your current system by extracting data from invoices without expensive hardware investments.
Oracle Financials Cloud Integration Key Features:
Market- leading Cognitive Capture
Market-Leading capture rates between 80- 95% through multiple input channels.
The integration synchronizes master data between Oracle Financials Cloud and AP Essentials. General-ledger accounts, coding segments, currencies, suppliers, and purchase orders are imported, so the data is available for selection during invoice processing in AP Essentials. The available master data can also be filtered by business unit.
Invoice + Credit Note Registration
Purchase order (PO) and non-PO invoices are supported. Invoices are registered as vouchers within a journal. AP Essentials can identify credit notes via a value on the invoice that is set during verification. Negative amounts can also be used to specify a credit note.
Three-Way Item Matching
The Oracle Financials Cloud integration supports three-way item matching if line-item rows are flagged for three-way item matching.
Invoice data extraction and verification
Delivered through a SaaS-based multi-tenant, cloud-based service with machine learning engine capabilities.
Invoice export process
Reduces the need for IT involvement, speeds exception handling, and log file review. Oracle Financials Cloud integration supports data transfer via API, PDF, TIF.