INVOICES
Automated Invoice Matching
Our AI matches internally generated records with invoice contents, automating tasks such as verifying amounts, vendor account details, and the presence of required signatures. This reduces manual verification efforts and enhances accuracy in invoice payment processes.
Proposed Workflow
01
Amount Verification
Our AI cross-checks invoice amounts from multiple perspectives, ensuring accuracy and automating the confirmation process.
02
Vendor Bank Account Verification
Extracted payee names and account information are matched against master data by our AI, automating account verification to prevent errors and improve processing speed.
03
Signature Verification
AI checks for the presence of required signatures on invoices, automating the visual confirmation process.
Tips & Insight: Correcting Errors Using Vendor Master Data
When company names on invoices are obscured by stamps or smudged printing, AI-OCR may misread the text. In such cases, instead of returning errors, our AI references vendor master data to identify and correct the vendor information. Even elements not listed on the invoice, like vendor codes, can be added if available in the master data, allowing for versatile utilization of vendor information.
Schedule Your Personalized Demo
Experience the future of financial automation with a guided tour of the Fast Accounting ecosystem. Our experts will walk you through our core products, demonstrating how our specialized AI integrates seamlessly with your existing ERP to eliminate manual data entry and reconciliation errors. Whether you are looking to scale your department’s capacity or fortify your fraud prevention, we are here to help. Reach out today to discuss your specific accounting workflows and discover how our solutions can be tailored to meet your unique enterprise needs.
We Want Your Mail
Ready to streamline your finances with the power of AI? Reach out today or send us an email to get started immediately.
