Approvals Automated, Payments Accelerated.
An AI agent that intelligently routes invoices for approval based on pre-defined business rules, approval hierarchies, and potentially AI-driven suggestions for approvers or GL code allocation.
The Problem
Problem Solved:
Manually routing invoices for approval can be slow, lead to invoices getting lost or stuck, and make it difficult to enforce approval policies consistently, especially in larger organizations with complex approval chains.
Key Features & Benefits
Key Features & Benefits:
- Speeds Up Approval Cycles: Reduces delays in getting invoices approved for payment.
- Improves Transparency: Provides clear visibility into an invoice's approval status.
- Enforces Approval Hierarchies & Policies: Ensures compliance with internal controls.
- Reduces Manual Routing: Automates the decision of who needs to approve an invoice.
- Intelligent Suggestions: ML can suggest appropriate approvers or GL codes based on historical data.
How It Works
How It Works:
RPA and Rule-Based Systems are core to this agent, routing invoices based on configured parameters (e.g., invoice amount, department, vendor type). Machine Learning (ML) can enhance this by analyzing historical approval patterns to suggest the most likely approver(s) or appropriate GL codes, especially for non-PO invoices.
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