Accounts Payable teams often spend significant time handling invoices that arrive in different formats, entering invoice information, checking details against purchase orders and goods receipts, following up on approvals and managing supporting documents.
SmartLogic applies AI to these steps to reduce manual processing and help standardise the invoice workflow.
It captures and extracts information from supplier invoices, validates the data, supports 3 Way Matching and routes invoices based on your approval rules. AP users can then focus their attention on exceptions and invoices that require review.
Capture supplier invoices from defined channels and prepare them for processing.
Capture supplier invoices from defined channels and prepare them for processing.
Use AI to extract key invoice information such as supplier, invoice number, invoice date and amounts.
Validate extracted information and prepare the invoice for the next stage of processing.
Match invoice information against purchase orders and goods receipts to identify matching conditions and discrepancies.
Route invoices to the appropriate approvers based on your business rules.
Review exceptions, approval status and invoice information through the centralised user console before the invoice continues through the process.
Capture and extract relevant information from supplier invoices for processing.
Match invoice information against purchase orders and goods receipts to identify matching conditions and discrepancies.
Route invoices to the appropriate approvers based on your business rules.
Identify invoices that require review and bring them to the attention of the appropriate users.
Store and retrieve invoices and supporting documents from a centralised digital repository.
Monitor invoice status, approvals and exceptions through a centralised interface.
SmartLogic uses AI powered document extraction to capture information from supplier invoices and prepare it for processing. The specific document formats and information captured can be configured according to your business requirements.
Yes. SmartLogic can match invoice information against purchase orders and goods receipts to identify matching conditions and potential discrepancies for review.
Yes. SmartLogic is designed to work alongside existing ERP and business systems. The integration approach depends on your current system, AP process and the information that needs to be exchanged.
Invoices with discrepancies or other conditions requiring attention can be identified and routed for review. This allows AP users to focus on exceptions rather than manually checking every invoice.
Yes. SmartLogic automates repetitive processing while keeping users involved where judgement, approval or exception handling is required.
The suitability of SmartLogic depends on factors such as invoice volume, current processing methods, matching requirements, approval workflows and your existing ERP environment. SL Information can assess your current AP process and identify where automation can provide practical value.
