Automated Invoice Validation Service
The Automated Invoice Validation Service helps organizations streamline their accounts payable processes by efficiently cross-validating invoice information against purchasing data. This ensures accurate and compliant payments while flagging any discrepancies that require further investigation. By automating invoice data extraction and validation, we help businesses enhance efficiency, minimize errors, and ensure seamless financial operations.
Automating the invoice validation process helps businesses save time and improve the accuracy of their financial management. Our system extracts relevant data from ERP systems, PDFs, and other sources, cross-referencing it against purchasing data. This prevents common issues like duplicate payments, mismatched payment terms, or incorrect vendor invoices. With real-time alerts and automated flagging, the system enables rapid resolution of any discrepancies, helping businesses maintain compliance and improve free cash flow management.
Key Features:
Accurate Data Extraction: Automate invoice data extraction from ERP systems and PDFs, ensuring human-in-the-loop validation while streamlining the process.
Duplicate Invoice Detection: Identify and eliminate duplicate invoice processing and payments, with real-time alerts to address potential issues before they impact cash flow.
Payment Term Matching: Analyze payment terms from invoices, purchase orders, and vendor records to detect discrepancies, ensuring alignment between agreed terms and actual transactions.
Cross-Validation with Purchase Data: Compare invoices against purchase data to identify mismatches and ensure every payment is accurate and justified.
Discrepancy Flagging: Automatically flag invoices with errors or mismatches for further review, saving time while maintaining financial accuracy.
Real-Time Alerts: Get immediate alerts when discrepancies arise, allowing for quick resolution and reduced risk of payment delays or compliance issues.
Enhanced Compliance: Ensure your payments meet all regulatory and internal compliance standards by automating financial oversight and validation processes.