Bill Processing Automation
Streamline your invoice processing with GenAOS™ Platform
Background
Payment processing in Finance departments could often turn chaotic, with invoices coming in from various sources and different formats such as paper invoices, PDF documents, images, emails, etc. Further, the volumes might fluctuate during peak seasons, creating hectic finance department schedules. This might lead to missing data, manual errors, and audit mismatches apart from repeated monotonous work that employees have to go through. An efficient accounts payable department is vital for helping your business manage its cashflow efficiently.
As your business scales up and the number of invoices you handle increases, you will need an efficient workflow for invoice processing. It would be best to use an automation solution to help make your accounts payable process more efficient and accurate.
The solution is to automate invoice processing from arrival to marking bill for payment in Quickbooks. It would involve automating several steps and tasks, as detailed below-
Typical Bill Processing Process
Invoice Processing with GenAOS™
Following is the high-level process with automation using GenAOS™ platform-
Automated Bill Processing Solution
- Collect: Firstly, an intelligent agent will collect all the invoices received through various mediums such as emails, couriers, web portals, and others.
- Extract: It will then extract data from any type and format of invoices using the state-of-the-art cognitive services provided by technology leaders.
- Validate: It will validate the invoices against your supporting documents, such as purchase orders and delivery receipts.
- Approval: Agent will initiate a BPM workflow that will interact with various stakeholders and other buddies throughout the bill processing cycle.
Video Demonstration
This video demonstration showcases how GenAOS™ automates the entire bill processing workflow, from collection to payment, streamlining your accounts payable process and improving efficiency across your finance department.
Transform Your AP Process
GenAOS™ transforms your accounts payable process with AI-driven automation, ensuring accuracy while dramatically improving efficiency.
About This Use Case
This use case demonstrates how GenAOS™ automates the bill processing workflow for finance departments, reducing manual effort while improving accuracy and efficiency.
Bill Processing Steps
Invoice collection from multiple sources
Data extraction with AI
Validation against supporting documents
Approval workflows
Payment processing in Quickbooks