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AI Invoice Processing

Infrrd offers an AI-Led IDP solution that helps in Invoice Processing and Management. We help you set your own business rules to ensure accurate payments on time.<br><br>

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AI Invoice Processing

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  1. Infrrdfor Invoice Processing Solution Infrrd for Invoice is a packaged solution built on Infrrd’s powerful IDP platform. It can readily extract data from over 30 common invoice fields without any training required.

  2. Why Infrrd for Invoice Infrrd for Invoice is a packaged solution built on Infrrd’s powerful IDP platform. The solution is designed to accurately automate and optimize the processing of invoices that have high levels of variation.

  3. Use Case Global marketing firm processes invoices from vendors Results ~50% reduction in processing costs. 60% reduction in manual workload on day one. High accuracy at field and line item level improving to > 90%. Solution highlights Handles invoice variations with high accuracy. Scalable and extensible. Easy to configure and manage. Automated compliance checks. Customer comments “Infrrdhelped us digitize and automate invoice processing which greatly improved our SLAs. The solution automation performance also allowed us to end our agreement with a BPO who was manually processing the invoices.” Invoice Characteristics Invoices from 1,000s of vendors, variations in format, vendor names, multiple services. Need to extract 24 fields and create two derived fields.

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

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