Match Invoices, Assure Accuracy.
This AI agent automates the critical process of matching invoice data against purchase orders (POs) and, where applicable, goods receipt notes (GRNs) to validate invoice accuracy before payment.
The Problem
Problem Solved:
Manually matching invoices to POs and GRNs is laborious and prone to oversight, potentially leading to payments for incorrect quantities, prices, or even for goods not received. This can result in financial loss and compliance issues.
Key Features & Benefits
Key Features & Benefits:
- Prevents Overpayments & Duplicate Payments: Ensures invoices match approved orders and receipts.
- Ensures Compliance: Verifies that purchases are authorized and goods/services received.
- Reduces Manual Matching Effort: Automates a tedious and time-consuming task.
- Faster Exception Handling: Quickly flags discrepancies for AP team review.
- Handles Variations: ML-powered fuzzy matching can handle minor discrepancies in data.
How It Works
How It Works:
After data extraction, the agent uses Machine Learning (ML) for fuzzy matching capabilities to compare invoice line items with PO data and GRN details. Rule-Based Systems define tolerances for acceptable variances. Discrepancies beyond these tolerances are flagged and routed for human review and resolution.
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