AI Driven Accounts Payable Transformation

نویسندگان

چکیده

Accounts Payable (AP) is a resource-intensive business process in large enterprises for paying vendors within contractual payment deadlines goods and services procured from them. There are multiple verifications before to the supplier/vendor. After validations, invoice flows through several steps such as vendor identification, line-item matching Purchase order (PO) based invoices, Accounting Code identification Non- (Non-PO) tax code etc. Currently, each of these mostly manual cumbersome making it labor-intensive, error-prone, requiring constant training agents. Automatically processing invoices without any intervention quite difficult. To tackle this challenge, we have developed an automated end-to-end system using AI-based modules pipeline. It can be configured individual client’s requirements with minimal effort. deployed production two clients. has successfully processed around ~80k out which 76% were low or no intervention.

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ژورنال

عنوان ژورنال: Proceedings of the ... AAAI Conference on Artificial Intelligence

سال: 2022

ISSN: ['2159-5399', '2374-3468']

DOI: https://doi.org/10.1609/aaai.v36i11.21506