Automation Intelligence for AP Automation
Manual invoice processing and paper-based AP create people-intensive and inefficient processes. This drives up costs and consumes huge amounts of resources and time. Manual AP processing also tends to be siloed and complex, leading to a lack of visibility and potential waste.
TrombaAI seeks to fix those issues. Through automated capture document automation that uses OCR (Optical Character Recognition) with AI enhancement to:
Extract key data points from invoices regardless of format or layout
Automatically identify vendor information, invoice numbers, line items, and totals
Flag discrepancies between purchase orders and invoice details
This frees your users to focus on handling exceptions that require human intervention. Built-in analytics allow for visibility into any AP process for evaluation.
TrombaAI also has access to build complex AP workflows that eliminate paper routing and manual follow-ups by:
Automatically routing invoices to the appropriate approvers based on amount, department, or vendor
Sending reminders for pending approvals
Providing mobile access for approvals from anywhere
Exceptions are to be handled by the appropriate users.
Invoices and purchase orders are routed according to defined business rules, quickly providing the validated data to processors, approvers, ERPs, or other financial systems. TrombaAI can also manage associated tasks, such as generating PO requests and managing vendor contracts. These workflows can be tailored to any requirement your organization has and scaled to meet your business's growth.
Benefits
Organizations implementing document automation for invoice processing typically experience:
60-80% reduction in processing costs
70% faster processing cycles
99% data accuracy rates
Better supplier relationships through consistent, timely payments
Enhanced visibility into cash flow and spending patterns
Reduced fraud risk through consistent controls
Using TrombaAI to automate your AP processes, AP personnel spend less time chasing paperwork and confirming approvals. This allows your AP personnel to spend more time improving your organization, while TrombaAI improves your invoice processing accuracy and efficiency. TrombaAI also has a centralized Analytics dashboard to save time and provide strategic business insights to improve processes. As more organizations embrace digital transformation, automated invoice processing has become less of a competitive advantage and more of a baseline operational requirement. The question is no longer whether to automate invoice processing, but how quickly you can implement a solution to start realizing the benefits.
Featured Content
Are your AP resources tied up with Vendors for maintenance and invoice resolution? Move to TrombaAI's self-service vendor portal. Vendors can update their own master information, upload new invoices, and upload corrected invoices for resolution purposes. TrombaAI can integrate with enterprise resource planning (ERP) systems to provide automated invoice capture, process management, and analytics. TrombaAI delivers multiple levels of value to AP, from paper digitization to role-based invoice exception handling.
For more information, visit https://www.tromba-ai.com! You can also email us at sales@trombatech.com, and we will answer any questions you have.
