Power Automation

Streamline & Automate Your Accounts Payable Processes, removing manual tasks and providing better visibility and control over important financial data with Compusoft’s Accounts payable automation (AP Automation) platform.

Compusoft offers highly adaptable AP automation Platform to fit your company’s exact needs. With this solution you can not only eliminate current frustration through automation but having the best processes in place can skyrocket your potential for growth and give your organization an incredible competitive advantage.

Our AP solution enables companies to touchless process supplier invoices without any human intervention by providing a digital workflow to manage steps previously handled by an AP staff member.

Our AP Automation solution enables organizations to eliminate manual, paper-based processes with electronic vendor invoice processing. it helps reducing crucial errors by electronically capturing invoices in various formats, and by utilizing Optical Character Recognition (OCR) technology present in it.

Let’s see how AP Automation works..

procmate-for-accounts-payable-ap-automation

Capture	Power Automate RPA captures all the required information from scanning, reading from emails, importing e-files or from excel and input it to the system.
Classify	RPA then sorts & understands invoice using AI and then able to read data such as Date, Invoice Numbers, Amounts, Vendor, etc. with OCR tech capabilities.
Extract	RPA then extracts data from Digital documents and properly formats it for the AP System. Also, the collected data gets stored for the future references.
Review & Resolve	The data then reviewed by the Power Automate’s AI builder capabilities and then sets it in a proper workflow.
Approval	Invoice data will get stored in ERP and the AI BOT will send push notifications for approval.
Payment	Once invoice gets approved, the notification for payment will be sent.
Audit	Real-time process interaction giving finance managers views into processes and tools to take required actions for performance optimization.

Let’s see how AP Automation works..

Capture	ProcMATE captures all the required information from scanning, reading from emails, importing e-files or from excel and input it to the system.
Classify	ProcMATE then sorts & understand s invoice using AI and then able to read data such as Date, Invoice Numbers, Amounts, Vendor, etc. with OCR tech capabilities.
Extract	ProcMATE then Takes information from invoice and extracts it off and properly formats it for the AP System. Also the collected data gets stored for the future references.
Review & Resolve	The data then reviewed by the ProcMATE’s AI capabilities and then sets it in a proper workflow.
Approval	Invoice data will get stored in ERP and the AI BOT will send push notification s for approval.
Payment	Once invoice gets approved, the notification for payment will be sent.
Audit	Real-time process interaction giving finance managers views into processes and tools to take required actions for performance optimization:

Capture	Classify	Extract	Review & Resolve	Approval	Payment	Audit
ProcMATE captures all the required information from scanning, reading from emails, importing e-files or from excel and input it to the system.	ProcMATE then sorts & understand s invoice using AI and then able to read data such as Date, Invoice Numbers, Amounts, Vendor, etc. with OCR tech capabilities.	ProcMATE then Takes information from invoice and extracts it off and properly formats it for the AP System. Also the collected data gets stored for the future references.	The data then reviewed by the ProcMATE’s AI capabilities and then sets it in a proper workflow.	Invoice data will get stored in ERP and the AI BOT will send push notification s for approval.	Once invoice gets approved, the notification for payment will be sent.	Real-time process interaction giving finance managers views into processes and tools to take required actions for performance optimization:

Capture	Classify	Extract	Review & Resolve	Approval	Payment	Audit
ProcMATE captures all the required information from scanning, reading from emails, importing e-files or from excel and input it to the system.	ProcMATE then sorts & understand s invoice using AI and then able to read data such as Date, Invoice Numbers, Amounts, Vendor, etc. with OCR tech capabilities.	ProcMATE then Takes information from invoice and extracts it off and properly formats it for the AP System. Also the collected data gets stored for the future references.	The data then reviewed by the ProcMATE’s AI capabilities and then sets it in a proper workflow.	Invoice data will get stored in ERP and the AI BOT will send push notification s for approval.	Once invoice gets approved, the notification for payment will be sent.	Real-time process interaction giving finance managers views into processes and tools to take required actions for performance optimization:

Benefits of Implementing AP Automation

Reduction of Manual Data Entry
Accurate Record Keeping
Customizable Payment Approval Workflows
Faster Processing Cycle
Integrations with existing finance systems
Automated Reconciliation of Matching Errors

Fraud Protection
24/7 Visibility into Payment Status & Approvals
Flexibility & Scalability
Streamlined and Accurate Processes
Quick Account Closures
Increased Vendor Adoption of Electronic Payments and better access to AP data

So, Ready to move on with AP Automation?

Capture	ProcMATE captures all the required information from scanning, reading from emails, importing e-files or from excel and input it to the system.
Classify	ProcMATE then sorts & understand s invoice using AI and then able to read data such as Date, Invoice Numbers, Amounts, Vendor, etc. with OCR tech capabilities.
Extract	ProcMATE then Takes information from invoice and extracts it off and properly formats it for the AP System. Also the collected data gets stored for the future references.
Review &Resolve	The data then reviewed by the ProcMATE’s AI capabilities and then sets it in a proper workflow.
Approval	Invoice data will get stored in ERP and the AI BOT will send push notification s for approval.
Payment	Once invoice gets approved, the notification for payment will be sent.
Audit	Real-time process interaction giving finance managers views into processes and tools to take required actions for performance optimization: