The story began with the paper invoices that you receive day by day. They became yet another pile on your desk. The long journey to their payment was an adventure and, for many people, a daily headache. The journey has been shortened with invoice automation solutions, and many activities within the finance department were optimized. But this was just the starting point; the goal is to transform the whole experience!
E-invoicing and Supplier Onboarding
The challenge in E-invoicing nowadays lies within the onboarding process: collecting and analyzing data, contacting your suppliers, informing them about their capabilities, setting up, and testing the connection. This sounds like a separate project with each supplier.
Imagine that your invoice automation solution provides insights into the formats and channels through which your suppliers send invoices. By collecting information from input and output systems and thousands of suppliers, this data analyzes the best E-invoicing scenarios, which are automatically presented to you in a dashboard!
Multichannel communication
You can take it to the next level by opening every door for your business partners. Let them choose how they want to send their electronic invoices: by e-mail, through a direct connection, through a commercial e-invoicing network, or through an open network like PEPPOL. Provide them with a multichannel buffet.
Smart Coding
Manually coding invoices is for the past. Nowadays, it’s a mission for machine learning technologies. An advanced matching engine handles invoices regardless of complexity: an invoice with multiple POs or various invoices with one PO, deviations on PO lines, unexpected costs, name it, you’re covered! Intelligent algorithms predict and suggest invoice coding based on past behavior for general expenses and contract invoices. Besides, every decision made will be used for future actions.
Mobile, ERP Integration and Digital Archive
Invoices are distributed automatically to the right person for approval based on hierarchy, business rules, or exception workflows. Invoice approvals anytime and anywhere are possible with a mobile solution.
Because of the integration with your ERP system, the Accounts Payable process will run automatically with minimal or no user intervention.
VAT regulations and audits demand proof of authenticity, integrity, and transparency in your process. Don’t worry! Your legal archive with instant search functionalities will take your invoices to a successful closure and digital journey.
The story becomes reality thanks to Routty, an Intelligent Process Automation platform that transforms invoice automation into a Touchless Experience.
Transform your Financial closing period into just another day at the office.
