INTRODUCTION:At Cevinio, we offer super smart Accounts Payable Invoice Automation Solutions for large enterprises. We ensure accuracy, productivity and on-time payments. How? With our multi-OCR AI and low-code/no-code robot we are attracted to the challenge to continuously improve your accuracy and efficiency. Over the past 15 years Cevinio has been developing algorithms to interpret data coming from various OCR tools. Recently, we consider this as an honor of being mentioned as a Representative Vendor in the 2021 Gartner® Market Guide for Accounts Payable Invoice Automation Solutions report. We believe that this is one more proof of the success of our efforts to provide the market with the best-in-class Invoice-to-Pay software.
Accounts Payable Invoice Automation Solutions: WHAT AND HOW?Accounts payable invoice automation (APIA) refers to the technology that is developed to streamline accounts payable processes. Solutions providers of this services automate the capture, validation and processing of invoices. For instance, the Cevinio Invoice-to-Pay software is capable of capturing the information from different kind of invoice formats thanks to our multi-OCR. As a next step, we run a PO/non-PO matching, just before we proceed with the validation of the information on the invoice, followed by the advance approval workflow. Some of the features that make us unique at this step are:
- Compliance checks are performed using the COMPLIANCE TOOLBOX
- Coding of the invoices: THE LOW-CODE/NO-CODE ACCOUNTING ROBOT
- Identification of payment terms