Account Payable
Invoice Processing
Automate the updating of invoices in the ERP system, including performing 3-way matching (invoices, purchase orders, and goods receipts). Prevent fraud by ensuring payments are made only after successful validations, and then update the status in your ERP accordingly.
Invoice Data Capture
Combine RPA technology with Intelligent Data Capture to scan paper invoices, classify them, extract relevant information, and automatically upload this data into your ERP system.
Vendor Setup and Maintenance
Automate the collection and verification of documents needed for vendor setup, and create vendor entries in the enterprise system. Automatically request updated documents from vendors when current ones expire. For instance, see how a bot can automatically verify ACRA and GST records before adding a new vendor to the accounting system.
Invoice Creation From Unstructured Data
RPA bots can automatically access and read invoices received via email, retrieve the necessary information, and update the data in your accounting system. They can also initiate requests for missing information or create invoices directly through the system.
Payment Processing for Accounts Payable
Automate data entry and payment preparation, including the processing of payments and bulk payment files for journal entries to subsidiary systems.