Imagine a world where up to 90% of AP tasks are effortlessly managed without human intervention—leading to resource savings, simplified operations, and zero chances of human error.

Introducing Neil—an AI Accounts Payable Executive, tailored to transform the AP processes with end-to-end automation bringing significant cost savings and accuracy for businesses.

Why do you Need Automation in Accounts Payable?

The easiest way for you to embrace AI-led automation and reap the benefits of automated invoicing for your finance function, Neil will help you: 

  • Reduce the TAT and guarantee timely and policy-compliant payment authorization and processing
  • Eradicate the risk of overlooking invoices with manual processing
  • Enhance precision in tasks like n-way matching and GL code mapping
  • Ensure punctual payments by to—avoid late payment fees, maximize eligibility for vendor discounts, and enhance vendor relationships
  • Ensure there’re no more irate vendors by automated real-time communication and timely payments
  • Strengthen controls to detect and prevent fraud, drastically reduce delays in financial closure, and increase visibility of the process
  • Ditch expensive and inflexible legacy technology, including RPA systems’ adaptability limitations and OCR’s struggles with complex data—by embracing Cognitive Process Automation (CPA) with Intelligent Character Recognition (ICR) for agile and efficient AP automation

What will Neil Bring for you?

  • End-to-end automated invoice processing

Without human intervention, handling high volumes from various channels like chat, vendor portals, and inbound email

  • Seamless integration with a wide range of ERP systems

Including QuickBooks, NetSuite, Oracle, Infor SunSystems, SAP, and more

  • Precise data extraction from invoices

Through Intelligent Document Processing (IDP) technology

  • Automated communication with vendors

To rectify missing or incorrect invoice information

  • Round-the-clock availability

To address vendor inquiries regarding transaction status and more.

  • Robust dashboard offering real-time reports

On completed, pending, and upcoming payments, along with comprehensive spend analysis

From Manual to Automated—Digitally Transformed AP Process with Neil: A Case Study

Challenge

A major automotive manufacturing company was facing issues with their Accounts Payable (AP) process, which involved manual data entry, reconciliation, and more.   

Results Delivered by Neil:
  • A Whopping 96% Accuracy: Neil’s precision in data extraction ensured that the financial records were near perfect
  • 100 Person Monthly Days Saved: With Neil’s efficiency, the team was able to reclaim valuable time to focus on what matters
  • No Template Needed: Neil handled various file formats effortlessly, eliminating the need for tedious templates
  • Handling Over 5000 Invoices Monthly: Neil, being a true workhorse, managed a high volume of invoices with ease
  • Automated Status Updates: Vendors loved the convenience of automated status updates and seamless validation

Get in touch

With our experts at Communi IT and learn about our benchmarked solutions and all that we can do for the success of your company—today.