AstuteAP
An advanced AI-enabled Supplier Invoice processing Automation tool for ERP systems (PeopleSoft, Banner, EBS, JDE)
What is AI AP Invoice Automation?
AI AP Invoice Automation streamlines the process of handling supplier invoices by converting them into a digital format by utilizing an Artificial Intelligence engine and then managing them through an intelligent workflow. This digitalization allows for a faster processing, reduction of errors, and provides a greater visibility into the payment and reconciliation process. Ultimately, it helps organizations save time and resources while improving accuracy and efficiency in their accounts payable operations.
What is AstuteAP?
AstuteAP is an AP Invoice Automation tool that leverages Artificial intelligence (AI) to streamline the process of handling supplier invoices thereby reducing manual intervention, minimizing errors, and providing valuable insights for optimizing financial operations.
Features
AstuteAP Key Features
01
Automatic invoice retrieval from source
02
AI-enabled Invoice Capture
03
Key value pair extraction, confidence score
04
Invoice Validation and Pre-Processing
05
Error Detection and Correction
06
Intelligent Invoice Processing in target ERP, pre-built integration to PeopleSoft, EBusiness Suite, JD Edwards, Ellucian Banner
07
Document store for invoice lookup, archive
Invoice AI Process Flow
How is AI Invoice Automation better?
- Touchless and Faster Invoice Processing
- Capture Invoice Header with higher accuracy
- Invoice Data Validation and Verification
- Fraud Monitoring and Alert
- Error Handling
- Dashboard Reporting
Benefits
Benefits of AstuteAP
Business
- Reduction in Invoice Processing costs
- Faster Invoice processing
- Lower exception rates
- Digital Transformation
- Reduction in Invoice processing errors
- Fraud Monitoring and Alerts
Technology
- Oracle Native - upgraded behind the scenes on the cloud
- Using the learned scanning of millions of previous invoices that is part of the Artificial Intelligence to decrease the manual handling of invoices - with higher accuracy
- Efficiency: Speeds up document processing, reducing manual effort and time required.
- Accuracy: Minimizes errors associated with manual data entry, leading to more reliable data extraction.
- Scalability: Easily handles large volumes of documents, allowing for scalable document processing.
- Cost savings: Reduces labor costs associated with manual document handling and processing.
- Improved decision-making: Provides quick access to extracted insights, enabling faster and more informed decision-making.
- Compliance: Ensures regulatory compliance by maintaining accurate and auditable document records.
- Enhanced productivity: Frees up human resources for more value-added tasks by automating routine document processing activities.
- Integration: Seamlessly integrates with existing systems and workflows, enhancing overall organizational efficiency.
FAQ
AstuteAP FAQ
How does AI invoice automation ensureaccuracy in data extraction?
AI invoice automation employs advanced algorithms and machine learning techniques to accurately extract relevant data from invoices. It can recognize key fields such as invoice numbers, dates, amounts, and vendor details with high precision, minimizing manual errors and ensuring data accuracy.
Can AI invoice automation integrate withexisting accounting systems?
Yes, AI invoice automation solutions are designed to seamlessly integrate with various accounting systems, including popular platforms like QuickBooks, SAP, and Xero. Integration allows for smooth data transfer between the automation tool and your accounting software, streamlining the invoicing process and ensuring compatibility with your current workflows.
How does AI invoice automation handleinvoices in different languages and formats?
AI invoice automation is capable of processing invoices in multiple languages and formats, including scanned images, PDFs, and digital documents. Through natural language processing (NLP) and optical character recognition (OCR) technologies, the system can interpret and extract information accurately, regardless of the language or layout of the invoice.
What security measures are in place toprotect sensitive financial data during theautomation process?
AI invoice automation solutions prioritize data security and employ robust measures to safeguard sensitive financial information. These measures may include encryption protocols, access controls, secure cloud storage, and compliance with industry standards such as GDPR and SOC 2. Additionally, user authentication and audit trails help monitor and track data access, ensuring confidentiality and integrity throughout the invoicing process.
See The Team In Action
Upcoming Events
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- General interest topics
Broadcom's VMWare Price Surge: Impact on the Tech Sector
Broadcom's VMWare Price Surge: Impact on the Tech Sector
Exploring Market Trends and Strategic Implications
Description
In this 30-minute panel discussion, industry experts will delve into the recent price surge of Broadcom shares, exploring its underlying causes and projecting its potential effects on the broader technology sector. As Broadcom—a leader in semiconductor and infrastructure software solutions—sees significant fluctuations in its stock prices, stakeholders from across the industry are keen to understand the repercussions. This session will cover key topics such as the drivers behind the price surge, including market trends, financial health, and strategic acquisitions. Additionally, our panelists will discuss how this volatility affects investors, competitors, and the technology market as a whole. Join us to gain insights that could shape your strategic decisions in this rapidly evolving landscape. Whether you are an investor, a tech professional, or simply interested in the dynamics of the tech industry, this discussion promises valuable perspectives to help you navigate the complexities of market changes.
Event Type
VirtualEvent Subject
General Interest TopicsOracle Product Focus
Oracle VMWare Cloud ServiceEvent Audience
AllSpeakers
- All
- Intelligent document processing
Next-Level Docs: IDP Strategies that Work
Next-Level Docs: IDP Strategies that Work
Improve Workflow with Intelligent Document Processing
Description
Join us for a dynamic 45-minute session where we'll dive into the powerful capabilities of Intelligent Document Processing (IDP). This technology isn't just about handling paperwork—it's about transforming how your business operates. Throughout our discussion, we'll explore how IDP uses machine learning and AI to turn dense documents into usable data, swiftly and accurately. You'll learn about the essential components of IDP systems, see them in action through practical examples, and discover strategies to seamlessly integrate these tools into your daily operations. If you're looking to cut costs, boost efficiency, and make more informed decisions, you won't want to miss how IDP can be a game-changer for your organization.
Event Type
VirtualEvent Subject
Intelligent Document ProcessingOracle Product Focus
Oracle Document Understanding ServiceEvent Audience
AllSpeakers
AI-Powered Invoice Automation
Transforming Finance with AI
Description
Join us for an engaging one-hour webinar that explores the revolutionary Astute AP Invoice Automation solution, powered by Oracle AI. Learn how artificial intelligence is reshaping finance by automating the entire invoice process, from capture to payment. We'll discuss key features such as automated error correction, fraud detection, and real-time analytics, providing CFOs and AP teams with the tools needed for efficient and secure financial transactions. Discover how to enhance visibility, speed up approvals, and manage cash flow more effectively with a cloud-native, plug-and-play solution. Perfect for finance professionals seeking to optimize their procure-to-pay processes and leverage cutting-edge AI capabilities for better business outcomes.
Event Type
VirtualEvent Subject
AP AutomationOracle Product Focus
Oracle Document Understanding ServiceEvent Audience
AllSpeakers
- All
- Peoplesoft lifecycle management
PeopleSoft Sytem Health: Key Insights
PeopleSoft Sytem Health: Key Insights
Optimizing PeopleSoft for Strategic Business Alignment
Description
In this insightful webinar, discover the comprehensive benefits of the PeopleSoft Health Check service offered by Astute Business Solutions. Learn how this assessment strategically aligns IT goals with overarching business objectives to maximize efficiency and effectiveness. Our experts will guide you through the process of analyzing business needs, organizational structures, and technical environments to optimize your PeopleSoft implementation. Enhance your understanding of the pivotal areas for improvement and prepare your PeopleSoft systems for future challenges and opportunities. Join us to empower your organization with the best practices and actionable insights from PeopleSoft specialists.
Event Type
VirtualEvent Subject
PeopleSoft Lifecycle ManagementOracle Product Focus
PeopleSoftEvent Audience
AllSpeakers
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