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Intelligent Invoice Matching

Accounts Payable (AP) departments have thousands of invoices that need to be processed every month.<br><br>

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Intelligent Invoice Matching

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  1. Intelligent Invoice Matching Accounts Payable Challenge • Manual invoice matching process is time-consuming and resource-draining. • It's essential to prevent unauthorized spending, invoice fraud, and duplicate payments.

  2. 2-Way Matching • Matches supplier invoice to a pre-approved purchase order. • Ensures the vendor billed the authorized amount before payment. 3-Way Matching • Matches vendor invoice with purchase order and order receipt. • Verifies invoice information against purchase order and receipt details.

  3. 4-Way Matching • Adds verification against purchase order, receipt, and inspection data. • Ensures correct delivery by matching invoice with inspection report. Intelligent Invoice Matching with Infrrd for Invoice • AI and ML-powered solution for automated invoice matching. • Handles 2-way, 3-way, and unlimited matching seamlessly.

  4. How It Works • Extraction - Accurately extracts important data from invoices for matching. • Unlimited Invoice Matching - Configured to handle various matching scenarios. • Decision-Making - Reviews invoices that are close but not a perfect match. • Review & Approval Made Easy - Automates invoice matching, reduces risk of errors.

  5. Conclusion Automating invoice matching with Infrrd for Invoice streamlines AP processes, reduces errors, and frees up time for more critical tasks.

  6. THANK YOU To know more, visit: https://www.infrrd.ai/solutions/invoice-processing

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