rapidMATION Intelligent Accounts Payable

Companies are often challenged when it comes to their accounts payable processes with poor data entry issues, disappearing invoices, delayed manual approvals, and more

The Problem

Companies are often challenged when it comes to their accounts payable processes with poor data entry issues, disappearing invoices, delayed manual approvals, and more. This can result in lost funds as well as slow and inconsistent processing of invoices, that cost businesses time and money. Companies must find an intelligent solution to help minimize the gaps and errors that exist within the process.

The Solution

rapidMATION’s Accounts Payable solution weaves together market-leading technologies from ABBYY’s document capture and optical character recognition solution, K2’s low-code application development platform, and UiPath's robotic process automation software. The joint solution provides an intelligent accounts payable automation solution that saves time and reduces cost. 

Use the solution out-of-the-box, or customize it to your environment, and run your accounts payable process, your way.

Get the most out of your Accounts Payable Solution

Capture and Extract Invoice Data

• Use ABBYY FlexiCapture for Invoices to pick up incoming invoices, extract invoice data and pass the data on for processing.

Incorporate Humans to Review Tasks

• Use K2 to bring humans into the loop and assign them tasks.
• Tasks could range from allowing them to review and update extracted invoice data to letting them approve the invoice before payment is made.

Process and Pay

• Leverage UiPath to automate repetitive, mundane tasks and free up time for people to perform higher value tasks.
• Software bots can execute a wide variety of human tasks – looking up purchase orders, posting invoices to an ERP, making invoice payments, and more.

Track, Analyze and Evolve

• Digitize the process so you can efficiently track money owed and going out.
• Analyze and improve your process to find ways to optimize record keeping and minimize money gaps.

How It Works

Extract

• Extract invoice data.
• Validate information when needed.
• Remove risks of data entry error.

Review

• Create end-to-end accounts payable process and ensure no tasks are missed.
• Assign tasks to owners and make sure the necessary information is delivered to the right person at the right time.

Process and Pay

• Use software bot robots to look up purchase orders, post invoices to an ERP, make payments on invoices, and more.

Summary

rapidMATION’s Intelligent Accounts Payable process makes accounts payable easy and effortless. Leverage the solution that combines ABBYY, K2, and UiPath’s best-of-breed technologies to optimize your accounts payable process that will help minimize and remove risks, reduce costs, accelerate revenue, and drive competitive advantage for your organization. 

About rapidMATION

rapidMATION are the intelligent automation gurus. We automate processes using both humans and software bots. Our specialties include Digital Process Automation (DPA), Robotic Process Automation (RPA), Artificial Intelligence (AI) and Chatbots. 

To learn more visit rapidMATION.

rapidMATION’s Accounts Payable solution weaves together market-leading technologies from ABBYY’s document capture and optical character recognition solution, K2’s low-code application development platform, and UiPath's robotic process automation software. The joint solution provides an intelligent accounts payable automation solution that saves time and reduces cost. Use the solution out-of-the-box, or customize it to your environment and run your accounts payable process, your way.