InvoiceIQ is an advanced AI automation engine engineered specifically for Accounts Payable (AP). It is an AI-driven vendor bill automation solution that uses Optical Character Recognition (OCR) and Natural Language Processing (NLP) to capture, understand, and process invoices end-to-end, reducing errors by up to 90% and cutting processing time from days to minutes.
It eliminates the costly drain of manual invoice processing, which typically leads to high error rates, delayed payments, and poor cash flow visibility. InvoiceIQ is designed for finance and accounts payable teams that want to:
It's the essential tool for those who want to transform their AP process from a bottleneck into a competitive advantage.
InvoiceIQ provides end-to-end automation by seamlessly handling your vendor bills from intake to posting.
It automatically reads and ingests invoices from multiple sources—including email, scanned documents, PDFs, and vendor portals.
The solution then performs these critical steps:
Data Extraction: It uses a powerful combination of Optical Character Recognition (OCR) and Natural Language Processing (NLP) to accurately extract all key data points, such as vendor name, amounts, dates, and line items.
Validation: The extracted data is instantly validated against your specific business rules and existing master data, ensuring compliance and accuracy.
Posting: Finally, the validated data is automatically posted directly into your ERP or accounting system.
By utilizing Machine Learning (ML), InvoiceIQ is designed to be intelligent and adaptive. It learns from every correction you make, adapts instantly to different invoice formats, and continuously improves its extraction accuracy over time, ensuring a touchless process.
The power of InvoiceIQ is in its ability to handle complexity and deliver accuracy across the entire invoice lifecycle—from ingestion to ledger posting.
Captures invoices from multiple channels (email, uploads, scanned documents, portals) and converts them into structured digital data ready for processing.
Instantly validates extracted data against internal rules and master vendor records. Reduces manual data entry errors from 3-5% down to less than 0.1%.
Performs automated 2-way and 3-way matching (invoice–PO–GRN, where available), checks duplicates, validates totals and tax, and flags exceptions for review instead of requiring full manual checks.
Intelligently routes invoices for approval based on custom rules (e.g., amount threshold, department, or vendor). Sends automated reminders to prevent bottlenecks.
Ensures smooth, real-time data posting to your existing accounting, ERP, or financial management systems (including Tally) for accurate, up-to-the-minute record-keeping.
The AI system continuously learns from every processed invoice and human correction, automatically improving its accuracy and adapting to new vendor formats over time.
Faster Processing, Lower Costs: Reduces invoice processing time from days to minutes, leading to 7X faster workflow. This frees AP staff to focus on strategic finance. High Manual Error Rates
Unmatched Accuracy: Eliminates human error (typos, duplicate entries) by 90%, ensuring the accuracy of your financial records and reducing costly rework.
Real-Time Cash Flow Control: Provides instant, accurate data synchronization, giving finance leaders real-time visibility into outstanding liabilities for better financial forecasting.
Maximize Savings: Faster approval cycles enable you to take advantage of valuable early payment discounts offered by vendors, directly improving your bottom line.
Stop processing bills manually. Start optimizing your cash flow with the speed and accuracy of InvoiceIQ.
InvoiceIQ relies on two key AI technologies: Optical Character Recognition (OCR), which converts the invoice image/PDF into machine-readable text, and Natural Language Processing (NLP), which understands the context and meaning of the text to accurately classify and extract key financial data, regardless of the vendor's format.
Our solution is designed for dramatic improvement. You can expect to reduce the manual effort involved in vendor bill processing by up to 90%. This time saving directly translates into significant cost reductions (up to 80% lower cost per invoice) by reallocating staff to higher-value financial tasks and avoiding late payment penalties.
This is a core function. InvoiceIQ performs automated 2-way and 3-way matching. If it detects a discrepancy (e.g., wrong quantity, mismatched price), it automatically flags it as an exception and routes it immediately to the designated staff member for manual review and resolution, ensuring no error is paid out.
Yes. InvoiceIQ maintains a full audit trail of every action, approval, and data change, which is essential for compliance and financial audits. We employ enterprise-grade security, including data encryption and Role-Based Access Controls (RBAC), to protect your sensitive financial data.
InvoiceIQ integrates seamlessly with popular ERP and accounting platforms (including Tally), synchronizing vendors, GL accounts, and postings so invoices can be processed straight-through from the inbox to the ledger without manual re-keying.
InvoiceIQ shortens processing time from days to hours or minutes, significantly increasing the speed of your AP workflow and helping your organization maximize the capture of early-payment discounts.
InvoiceIQ employs enterprise-grade security, including robust data encryption, strict access controls, and a comprehensive audit trail for every invoice. This helps maintain full compliance and protects your sensitive financial information.
Yes. InvoiceIQ maintains a full audit trail of every action, approval, and data change, which is essential for compliance and simplifying financial audits
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