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Accounts Payable Automation & Reconciliation
Across the sectors, we see accounting teams in enterprises having challenges with their processing of financial documents like Invoices/CN/DN, etc due to the tremendous workload of high volume of transactions, performing multi-sided reconciliation, identifying exceptions manually and simultaneous data-entry to financial systems .All of which adds inefficiencies in terms of getting timely forecast of cash flows and respond to customer and vendor queries and settle their payments and receipts on time.
GIBots Cognitive Intelligent Accounts Payable Automation Solution extracts, classifies & reconciles data from documents like Invoices, POs, Receipts, etc. providing actionable data and insights for quicker decision making with real-time dashboards that can be automatically updation into ERP & other downstream systems, helping procurement functions to swiftly respond to vendor queries and payment schedules.