Cevinio AP automation platform: A perfect fit for your industry

Every business faces a unique set of challenges in their accounts payable processes. From complex regulatory requirements to data matching, exception handling, and other pressing issues, the demands on AP teams can vary. At Cevinio, we understand that a one-size-fits-all approach doesn't work. That's why we've invested in developing an AP automation platform that support configurable criteria and dimensions, incorporating AI and advanced features to address the specific needs and pain points of various sectors

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Industry-specific expertise: An AP Automation platform built for business efficiency

Automotive: Enhance supply chain management, strengthen supplier relationships, and improve production and cost management. Read more about automotive

Construction: Enhance supply chain management, strengthen supplier relationships, and improve production and cost management. Read more about construction

Financial Services: Process high volumes of invoices, streamline the audit process, and detect and prevent fraud. Read more about financial services

Healthcare: Comply with HIPAA regulations, increase control, reduce costs, and free up resources for patient care and other critical functions. Read more about healthcare

Logistics and Transportation: Comply with industry regulations and standards (e.g., customs and transportation laws), optimize routes and inventory, and improve freight and carrier management. Read more about logistics and transport

Manufacturing: Handle complex supplier relationships, manage POs and GRN, and optimize inventory control. Read more about manufacturing

And more!

Overcome the challenges in your industry with Cevinio's AP Automation platform

How can we reduce the time and resources spent on manual data entry in our AP process?

Finance teams often spend countless hours manually entering invoice data, leading to errors and delays in payment processing. Cevinio’s AP Automation platform simplifies this by offering multichannel ingestion, allowing you to easily capture invoices from different sources—regardless of their type. Plus, our solution automatically splits scanned batches of paper invoices for seamless processing. By automating your invoice workflows, you reduce manual errors, speed up payment cycles, and free up valuable time for your team.

How can we improve the accuracy and efficiency of our invoice matching process to minimize discrepancies and delays?

Many companies frequently encounter invoice matching errors due to manual verification, leading to delayed payments and vendor disputes. At Cevinio, we excel in data matching, applying different algorithms and predictive capabilities, ensuring that orders, payments, and change order reconciliations are seamless. By automating these processes, Cevinio reduces discrepancies and errors, guaranteeing accurate and timely financial records.

What measures can we implement to mitigate fraud risks in our AP process and ensure the security of our financial data?

Some businesses fall victim to vendor fraud schemes, leading to significant financial losses and reputational damage. Cevinio addresses this challenge by automating fraud detection processes with advanced analytics, enabling the identification of suspicious patterns. Through consistent monitoring, you can safeguard your company from fraud while ensuring the integrity of your financial data.

How can we gain better visibility into our AP processes?

Without comprehensive data, AP teams often struggle to track invoices, leading to cash flow shortages and missed deadlines. Cevinio’s platform solves this with advanced financial reporting and analytics, offering 33 (and counting) powerful dashboards. We work closely with our customer advisory board to develop additional dashboards that deliver the most value. With precise reports and insights into project costs, supplier performance, and more, Cevinio empowers finance teams to make informed decisions, maintain regulatory compliance, and enhance overall efficiency to drive success.

How can we improve our cash flow management?

If your business has experienced cash flow shortages due to delayed payments, affecting your ability to invest in growth and cover operational expenses, optimizing your AP processes is key. Cevinio enhances cash flow forecasting and liquidity management. It ensures timely payments to suppliers, improving financial stability and strengthening your negotiating power.

How can we ensure compliance with complex tax regulations, payment terms, and industry-specific standards in our AP processes?

For many finance teams, ensuring compliance with tax regulations is crucial to avoiding fines, penalties, and legal liabilities. Cevinio makes sure you're covered by automating industry-specific compliance checks and reporting, ensuring you meet all mandatory country-specific regulations—both today and in the future. Our solution streamlines compliance with tax laws, payment terms, and industry standards, reducing the risk of costly penalties. With Cevinio, you can focus on running smooth, compliant operations without worry.

How can we streamline our approval workflows to reduce bottlenecks and accelerate the payment process?

Many industries require multi-step approval processes; however, these often cause delays that negatively affect vendor relationships and cash flow. Cevinio automates and streamlines approval workflows by offering flexible, easy-to-manage routing options, along with features like reminders and escalations. This reduces bottlenecks and accelerates the payment process.

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A proven AP Automation platform for diverse business needs

With Cevinio, companies across various industries have optimized their AP processes, boosting financial efficiency, reducing operational costs, and strengthening supplier relationships—all while ensuring compliance and improving cash flow. Here's how we can make a difference in your sector:

Increasing efficiency

By automating invoice processing, Cevinio has helped clients transform repetitive tasks—such as data entry, invoice matching, invoice coding, and approval workflows—enabling AP teams to focus on more strategic initiatives, driving greater value for their business.

Reduce costs

Our solution helps clients reduce costs in multiple ways, including automating processes to reduce errors, efficiently handling discrepancies, enabling businesses to take advantage of early payment discounts, and avoiding compliance penalties, among others.

Enhance visibility

By leveraging financial reporting and insights, Cevinio has empowered clients to make data-driven decisions regarding budgeting, forecasting, and identifying cost-saving opportunities.

On-time payments

Cevinio's configurable workflows have enabled clients to streamline their AP processes, reducing approval times and significantly improving overall efficiency.

Simplified audits

Our clients have reduced audit time by improving financial transparency and accountability, simplifying audits, and easing the burden on finance teams.

Sustainability support

By automating the tracking and reporting of environmental impacts, waste management, and sustainability initiatives, Cevinio streamlines these processes for greater efficiency.

Multi-ERP integrations

Experience a reduction in data entry errors and enhanced data accuracy through seamless integration with your ERP systems and accounting software.

Advanced support

Cevinio's team of industry experts provides ongoing support and guidance to help clients optimize their AP processes and achieve maximum value from the solution.

Scalability

Cevinio's scalable platform has enabled clients to accommodate increased transaction volumes and complexity as their businesses grow.

Improve employee satisfaction

By reducing the workload of AP staff and providing them with the tools to work more efficiently, Cevinio not only boosts productivity but also helps attract and retain top talent.

Explore our AP Automation platform to discover its unique features and the potential benefits for your business

🚀 Contact us to learn more about how we can transform your AP operations

From automating invoice processing to enhancing supplier relationships, Cevinio enables companies across industries to transform their AP operations. Gain greater agility, improve financial management, and ensure compliance—all with one powerful platform.

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