Invoice Automation is the process of digitizing and streamlining the invoice handling and payment processes within an organization by involving our leveraging technology, MyiQ.Ai to automate manual tasks associated with invoice processing. MyiQ.Ai is a valuable tool for organizations looking to enhance efficiency, reduce costs, and strengthen financial management practices.
Invoices per min
Reduction in cost
Our Supplier Invoice Automation solution is designed to easily handle high volumes of invoices. With the ability to process over 1000 invoices per minute, we ensure fast and efficient invoice processing, even during peak periods. Say goodbye to tedious manual data entry and embrace our solution's speed and accuracy, allowing you to focus on more value-added tasks for your business.
With MyiQ.Ai, we pioneered line-item matching for material and service purchase orders (POs) and contracts. Our advanced invoice automation solution goes beyond traditional matching, providing unparalleled accuracy in identifying and reconciling line items. This capability ensures adherence to contractual terms and optimizes financial processes, resulting in enhanced compliance and cost savings.
Our ML engine performs robust three-way matching and validation against the integrated ERP system, ensuring accuracy and minimizing errors. It proactively identifies exceptions and discrepancies, notifies users and automatically escalates notifications to the appropriate stakeholders within the organization. Our pre-built email notification templates facilitate clear and effective communication with suppliers and internal users, streamlining the resolution of invoice-related tasks.