What Is Invoice processing AI?
Invoice processing AI by Intelgic is a powerful tool designed for accounts payable automation, providing efficient invoice data extraction and processing. The AI model boasts impressive speed and accuracy, enabling invoices to be processed in under 60 seconds with a remarkable 99% accuracy in data extraction. This high level of precision minimizes errors and reduces the need for manual intervention, streamlining the entire AP workflow.
Invoice processing AI significantly enhances the efficiency of the AP team, making them 20 times more productive. The entire AP process becomes 10 times more efficient, leading to substantial time and effort savings for the team. Moreover, the tool offers substantial cost-cutting benefits, with potential reductions ranging from 60% to 80%, primarily achieved through process automation and the elimination of manual data entry.
Invoice processing AI model can automatically source invoices from various channels, including email, shared folders, or through an API, delivering the captured data through webhooks for easy access and further processing. The platform also allows businesses to customize data extraction for their specific needs, without incurring additional costs. Moreover, it supports various document types, such as PDFs, scanned images, tiled images, and even handwritten documents, providing the flexibility required to handle diverse business scenarios.
Invoice processing AI model continuously learns from exceptions and corrections, leading to almost 100% accuracy over time. By capturing and leveraging new datasets during the learning process, the AI model constantly improves, ensuring increasingly precise results. In case of any discrepancies or issues with invoice accuracy, Intelgic encourages immediate contact for resolution.
Intelgic prioritizes data security and compliance by storing only necessary data for continuous learning. After training and tuning the algorithm, all data is promptly deleted. User information is kept to a minimum, serving only billing and accounting purposes, and the platform ensures data storage adheres to stringent international guidelines.
Invoice processing AI by Intelgic revolutionizes accounts payable automation. It efficiently extracts and processes invoice data with remarkable speed and accuracy, boosting AP team productivity and leading to substantial cost savings. The platform’s seamless integration, customization options, and data security features make it a valuable asset for businesses seeking streamlined AP workflows with reduced manual efforts and improved accuracy.
