The cost to process a single invoice can easily surpass $12. Worse, the time to process that same invoice can take nearly 11 days. You need an invoice processing automation solution that blends artificial intelligence, machine learning, and natural language processing so that you can cut costs, speed up process time, and gain usable workflow insights.
The performance gap between enterprises that automate invoice processing and those that don’t is big. Paper invoices, manual data entry, and excessive exception handling adds time and cost to process each invoice. Conventional robotic process automation simply connects partial solutions, which often leads to other problems. That means more manual intervention.
A true business process automation program does just that: automates business processes from beginning to end. Your automated invoice processing solution must correctly handle sourcing, indexing, extraction, validation, exceptions, approvals and workflows, integrate with ERP and accounting systems, and pay your suppliers quickly – all with minimal human intervention.
JIFFY.ai HyperApps cloud-native low code/no code approach to invoice processing accelerates your time to value. Automated invoice processing and related workflows reduce operating time by 80%. Our hosted HyperApps as a Service (HAaaS) solution lowers your total cost of ownership because it does not require added costs for installation, configuration or server sizing.
HyperApps combine machine learning, artificial intelligence, and natural language processing into a truly automated end-to-end accounts payable solution. Configurable dashboards enable managers to:
A global manufacturer turned to JIFFY.ai to automate their entire invoice processing function. Over a 12-week period, our invoice processing HyperApp achieved 85% straight-through processing on 150,000 invoices per month from 5,000 suppliers across multiple countries.
READ MOREBy automating your invoice processing and related workflows, JIFFY.ai helps reduce the cost of invoicing by 70%, reduces invoice processing errors by 98%, and improves straight-through processing by 100%.
Equipped with a built-in analytics engine, our Invoice Processing HyperApp provides end‑to‑end visibility of the entire invoice process and provides comprehensive insights into your financial data.
Tamra Butler, RPA Manager
Southwest Airlines
Mah Johnson
International Organisation (Public Health), Malaysia
RPA Manager
Leading US Airline
Managing Director, Business Transformation
Leading US Airline
