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Is your organization thinking of implementing an OCR or AI solution for AP Invoice processing within your ERP or as an Add On? Guess what? It's not the same 🙂 I had to learn myself in my previous company that templated OCR technology does not help to automate anything. Read up on AI process Automation and Invoice management and start saving your time you and your teams spent daily on manual checks 💥 https://lnkd.in/eNte-z4M

🚀 Transform Your Accounts Receivable with SnapLogic's Invoice Processing Automation 🚀 At Kalt Group Ltd IT Consulting and Services, we understand the challenges businesses face in managing accounts receivable and streamlining financial operations. That’s why we’re excited to share the power of SnapLogic's Invoice Processing Automation — a solution that not only simplifies invoice processing but also drives significant efficiency gains across your finance operations. Key Benefits: 🔍 Automated Data Extraction & Validation SnapLogic uses AI and OCR technology to extract essential data from invoices automatically, reducing manual entry errors and ensuring data accuracy. ⏱️ Streamlined Workflow From three-way matching to approval routing and seamless ERP integration, SnapLogic automates the entire invoice lifecycle, cutting down processing time by up to 80%! 💼 Efficiency & Productivity Gains Experience improved accuracy, better cash flow management, and enhanced visibility into invoice status. Focus your efforts on strategic tasks that drive business growth! 🔒 Enhanced Security & Control Automated systems reduce fraud risks and provide greater transparency in financial operations. 📈 Pre-built Solutions for Fast Implementation With SnapLogic's pre-built patterns catalog, you can implement specialized workflows for invoice processing in minutes. At Kalt Group, we partner with SnapLogic to help organizations like yours optimize their financial operations, reduce manual tasks, and achieve more strategic growth. Let us help you unlock the potential of automated invoice processing. #SnapLogic #Automation #InvoiceProcessing #AccountsReceivable #AI #MachineLearning #FinanceTransformation #KaltGroup #BusinessGrowth

𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺 𝗬𝗼𝘂𝗿 𝗜𝗻𝘃𝗼𝗶𝗰𝗲 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝘄𝗶𝘁𝗵 𝗦𝗔𝗣 𝗔𝗜-𝗣𝗼𝘄𝗲𝗿𝗲𝗱 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀! Managing invoices can be a time-consuming and error-prone process. What if you could streamline it, reduce errors, and gain actionable insights—all with a single intelligent solution? Introducing 𝗦𝗔𝗣 𝗔𝗜 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝘁 𝗜𝗻𝘃𝗼𝗶𝗰𝗲 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁, a cutting-edge solution designed to revolutionize your invoice processing. 𝗛𝗲𝗿𝗲'𝘀 𝗵𝗼𝘄 𝗶𝘁 𝗰𝗮𝗻 𝗯𝗲𝗻𝗲𝗳𝗶𝘁 𝘆𝗼𝘂𝗿 𝗼𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻: 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗲 𝗜𝗻𝘃𝗼𝗶𝗰𝗲 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴: Leverage AI to automatically capture, extract, and validate data from invoices, reducing manual efforts and errors. 𝗔𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗲 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝗪𝗼𝗿𝗸𝗳𝗹𝗼𝘄𝘀: Speed up your invoice approvals with AI-driven insights and automated routing, ensuring timely payments and happier vendors. 𝗘𝗻𝗵𝗮𝗻𝗰𝗲 𝗩𝗶𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 & 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲: Gain real-time visibility into your invoice status, ensuring compliance with financial regulations and policies. 𝗥𝗲𝗱𝘂𝗰𝗲 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝘀𝘁𝘀: By minimizing manual intervention and errors, you can significantly cut down on operational costs, freeing up resources for more strategic tasks. Don't let outdated processes hold your business back. Upgrade to SAP AI Intelligent Invoice Management and experience a new era of efficiency and accuracy in your financial operations. Ready to learn more? Contact us today to schedule a personalized demo and see how SAP's AI-driven solutions can transform your business.

Are you in the #manufacturing industry? Streamline your invoice processing. Automate data extraction, reduce manual entry, and free up time for strategic tasks. Say goodbye to manual hassles and hello to efficiency with Nimbello - Read how manufacturing companies can take advantage of AP Automation vs. Manual Data Entry: https://hubs.ly/Q02rYHf30 #InvoiceProcessing #Automation #Efficiency

Invoice processing can be complex, with multiple industries and processes to navigate. In today’s fast-paced #technological era, staying competitive means adopting cutting-edge solutions. One game-changing innovation is #AI-enabled vendor invoice tracking, a powerful tool that streamlines your #business operations. NERP’s automated #invoice platform offers a seamless solution, saving you time, money, and effort while boosting #cashflow management.  #NERP #NIRMALYA #NIRMALYA_ERP #InvoiceAutomation #AIForBusiness #CashFlowOptimization #BusinessEfficiency #NERPInnovations #AutomationRevolution #Automation #BusinessEfficiency #AIInnovation

MetaViewer's AP Automation solution simplifies the task of capturing invoices and documents for accounts payable processing. MetaViewer utilizes advanced document recognition technology to meticulously capture invoice detail, thereby eliminating the need for manual data entry. So, how does it all work? 

Now is the time to revolutionise your Accounts Payable process. Discover the game-changing benefits of Accounts Payable automation: • Slash processing costs by up to 80% • Reduce invoice processing time from days to just minutes • Eliminate manual data entry errors and boost accuracy • Gain real-time visibility into cash flow and financial health • Improve vendor relationships with timely, accurate payments 🚀 Automation isn't just about efficiency—it's about transforming your entire AP workflow. From invoice capture to payment execution, AI solutions can streamline every step. 💡 Key features to look for: • AI-powered data extraction • Automated invoice matching and approval routing • Integration with existing ERP systems • Advanced analytics and reporting capabilities1 Don't let outdated AP processes hold your business back. #AccountsPayable #FinanceAutomation #DigitalTransformation

MetaViewer's AP Automation solution simplifies the task of capturing invoices and documents for accounts payable processing. MetaViewer utilizes advanced document recognition technology to meticulously capture invoice detail, thereby eliminating the need for manual data entry. So, how does it all work? 

People Dependency to Process Dependency Continuing with coverage on Processes and People, which are a part of 5 “P”s we talked about earlier in these posts, let us see some more content. When Organizations commence business operations, generally a few individuals take care of all activities. As the organizations grow, these people should give way to processes for transaction execution. Otherwise, very same people could become a bottleneck. I recommend the following components in any effective process framework: •      Visualizing appropriate Information Infrastructure, like Profit Centers, Cost Centers, which takes care of accounting, operational and analytical needs •      Well supported digitization, right from source documents, with least manual interventions, and efficient execution of jobs in an error-free environment •      Well defined Processes, reflecting actual activities and practices •      Well integrated intra & inter functional processes with defined process-ownership rules •      Processes to be elaborate, to cover flow, description, Internal Controls, Compliances, record-keeping requirements, and identification of people responsible •      Each Process should be supported by a Process Purpose Statement, Goals & related Metrics, as discussed last week. •      File management System covering storage and retrieval of data and documents, with data integrity, security, long term utility and ease of retrieval as objectives It is good to say that people should give way to Processes. But is it feasible to substitute people with processes in all roles or areas? Certainly not. In this context, roles in F&A could be classified into two categories. According to me, they are Ø Activity based and Ø Knowledge based. Examples of Activity based roles are in Invoicing & Accounts Receivable, Accounts Payable, Cash & Bank Operations and Payroll. Knowledge based roles are Financial Reporting, Taxation, Budgets & Reviews and Cost Management. Activity based roles are suitable for automation. Knowledge based roles could be further divided into “Roles which are amenable to structured processes” and “Roles which need discretion in executing tasks”. Former category also offers opportunities for automation. Now Artificial Intelligence and Intelligent Automation (AI & IA) are supporting effective automation initiatives with error-free scalable outcomes. Compact Accounting’s EasyData is one of such examples. (https://lnkd.in/g5-x-Kpc ) Thank you for your attention. Tulasi S Sastri.