Accounts Payable Automation
Imagine a world where AI and Accounts Payable are great mates! It's possible today with SpendConsole.
Redefine efficiency and boost productivity throughout your Supplier onboarding and Accounts Payable process by automating invoice capture, approvals, payments and reconciliation in a single platform.
No more manual data entry or tedious invoice processing. SpendConsole uses AI and intelligent automation to extract relevant data from invoices, validate information, and seamlessly integrate it with your ERP system. Enjoy faster processing times, improved efficiency, and eliminate the risk of human error.
Intelligent Invoice Capture
- AI-driven capture, digitisation, and processing of invoices in any format.
- Recognise a vast range of documents with AI expertise and pre-training on millions of supplier invoice formats.
- Accurately process structured and unstructured documents, from handwritten notes and images to PDFs and more, with adaptive reading.
- Further refine the existing model to align with unique business needs with customised AI training.
Automate approval and validation processes
- Seamlessly collaborate with suppliers for enhanced financial control, optimised cash flow management, and improved financial security.
- Reduce invoice verification and authorisation delays with automated and predefined approval workflows.
- Accelerate payment cycles and improve vendor relationships with AI-driven automation.
- Minimise errors, enhance payment accuracy and reduce the risk of duplicate payments, errors and fraud with AI validation.
Integrate with existing systems
- Integrate with your existing systems for seamless data exchange.
- Eliminate manual data entry and data silos while enabling real-time synchronisation with smooth data flow.
- Accelerate transaction processing with detailed reconciliation reports synced into ERP.
- Enhance accuracy and financial transparency by minimising errors and ensuring regulatory and policy compliance.
Simplify reporting and audits
- Access comprehensive insights into spending data by user, department, project or vendor.
- Make data-driven decisions with real-time analytics, interactive dashboards, and user-friendly reporting.
- Quickly locate specific invoices based on vendor details, GL codes, amounts, or legal entities with powerful search and filtering.
- Promote financial transparency and accountability, optimise resource allocation and negotiate better supplier terms.
Control spending and improve financial visibility
- Efficiently track and manage spending across departments, projects, and vendors.
- Monitor committed spend against contracts and purchase orders in real-time to ensure adherence to financial obligations and minimise overspending.
- Accurately report on accruals and liabilities for up-to-date insights to optimise financial planning and risk management.
Easily access real-time insights
- Better understand business spending and make data-driven decisions with customisable reports and intuitive dashboards.
- Optimise cash flow management with real-time financial data.
- Consolidate invoices from various channels and streamline the Accounts Payable process.
INTUITIVE INVOICE VALIDATION
COMPREHENSIVE INVOICE OVERVIEW
Embrace the power of AI-Powered Accounts Payable Automation with SpendConsole
Streamline Accounts Payable processing, prevent fraud, build stronger supplier relationships, empower data-driven decisions, and ensure compliance with SpendConsole's cutting-edge technology.
Contact us today to learn how SpendConsole can help unlock the full potential of your Accounts Payable and finance teams.
