Outstanding Accounts Payable Leaders are Tracking these KPIsNovember 12, 2021
Cevinio Listed as a Representative Vendor in 2021 Gartner® Market Guide for Accounts Payable Invoice Automation Solutions
The company was recognized as a Representative Vendor in this 2021 Gartner® Market Guide for Accounts Payable Invoice Automation Solutions
Cevinio, a leading provider of Accounts Payable Invoice Automation solutions, today announced that it has been identified as a Representative Vendor in the 2021 Gartner Market Guide for Accounts Payable Invoice Automation Solutions report.
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 new 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 these services automate the capture, validation, and processing of invoices. For instance, the Cevinio Invoice-to-Pay software is capable of capturing information from different kinds 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
Once the process is completed, our solution posts the invoice on any type of ERP on-line (API) or in batch (sFTP), leaving an audit trail.
If you would like to know more about our solution please contact us.
Future of accounts payable invoice automation:
According to Gartner, “customers are demanding increased end-to-end automation, while at the same time needing to solve more complicated use cases” Further the report states, “Government regulations continue to push the market toward digitization, often with business to government (B2G) requirements, then evolving to cover all B2B transactions .”
Our team at Cevinio is committed to delivering an accounts payable invoice automation solution that not only matches the needs of our clients today but tomorrow. We are future-proof. Our goal is to continuously optimize our solution, and your efficiency as a result, delivering the highest possible productivity, now and in the future.
Gartner’s ”Market Guide for Accounts Payable Invoice Automation Solutions”, Micky Keck, Balaji Abbabatulla, July 19, 2021, can be accessed here for Gartner clients.
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