Accounts Payable Automation.
Future of Accounts Payable Automation
Elevate AP with comprehensive AI/ML powered solution, designed to streamline accounts payable operations powered by OCR (Optical character recognition) to read incoming invoice data and automate Accounts payable till document posting in SAP
Are You..
Tired of manual invoice processing?
Having Unhappy Vendors ?
Worried about fraud risks in invoice handling?
Numbers Which Talk about this Tool.
Here is how AP automation Helps you .
90%
Reduced time for Account payable Cycle time
50+
Brands using ivim already in SAP HANA , ECC and now RISE
85%
Accuracy in auto data capturing from invoices
70%
Saving on license expenditure
90%
Less implementation time
80%
Cost Saving compare to any other Vendor invoice processing
Optical Character Recognition (OCR) empowered by AI & ML
No external tool or technology involved
Rapid deployment capability.
A solution tailored precisely to meet specific needs.
Why accounts payable Solution.
whY are SAP Customers ADOPTING this Automation.
SAP-centric solution acts as an add-on to your SAP system. It also uses SAP technology such as ABAP and Workflow. It is also integrated with standard SAP functions such as Invoice Verification and Financial Processing. It also provides customers with process efficiency, visibility and compliance values. It optimises and simplifies the process of receiving, managing, monitoring and routing invoices documentation on all levels.
Boost productivity and streamline operations
Automate invoice processing with advanced matching capabilities and integrated approval processes, freeing up valuable time for your team to prioritize early payment incentives and enhance supplier partnerships.
Gain complete transparency
Utilize AP automation to obtain real-time insights into cash flow across your organization, enabling you to streamline accrual processes, optimize cash management, and effectively manage expenditures.
Maintain regulatory compliance
Having a contemporary infrastructure for expenses, payments, and compliance is crucial for capital management, prioritizing strategic initiatives, and staying compliant with intricate global tax standards as your business expands.
Features.
Features of ivim for vendor invoice management in a glance.
Automate the invoicing process.
Eliminate manual invoice entry with advanced OCR technology.
Leverage machine learning to scan, capture, match, and process invoice details at both header and line levels. Integrated approval workflows and automated payment scheduling further streamline the AP workflow, making it touchless and efficient.
Matching PO in 2-3 Ways
Put an end to overpayments
Eliminate overpayments with automated 2- & 3-way PO matching, minimizing waste, preventing fraud, ensuring readiness for audits, and saving valuable time.
Streamlined supplier management
Shift data entry to your suppliers
Enable your suppliers with seamless self-service options to access real-time updates on invoice and payment statuses, along with robust transactional case management capabilities.
Mitigate risk with stronger controls
Custom Rules for Accounts Payable Automation
Automate your team’s accounts payable workflow with custom rules, ensuring visibility at every step. Efficiently route purchase orders (POs), invoices, and payment approvals to the appropriate team member at the necessary times.
Real Time Visibility
Gain real-time insights into your AP status using dashboards.
Track the time taken for coding, approval, and payment of invoices, and monitor outstanding payments for the month. Utilize comprehensive dashboards to streamline and enhance the speed, ease, and collaboration of your accounts payable processes.
SAP AUTOMATION for FINAL DOCUMENT POSTING
OCR Powered By AI
This feature helps to read data of files which are shared by Vendors in mail
No External Tool
Your email data is directly processed and send to your ERP
Secure
Data is fetched within your SAP system securly
End To End
No need to have separate developments done in SAP till final financial Document Posting
Real Time
This tool gives you real time insight of All critical risks in system
Workflows
You have all the required workflows to handle the supplier invoice processing
What Clients talk.
FORTUNE 500 getting SOD view.
BSC Global’s ivim has revolutionised Indorama’s global vendor management onboarding till vendor invoicing process. Its user-friendly interface simplifies navigation, while robust invoice data collection from vendor features enable proactive accounts payable process. Realtime check of data and insightful analytics further streamline operations.With dedicated support, BSC Global ensures a smooth experience, making it an indispensable solution for Indorama global automation needs.
Easy INtegration.
integration Easy , Connector.
Ivim has connector for SAP and various other ERP’s
Do You nEED A QUOTE for ivim
Get QUote Now
SAP AND Vendor Invoice SOFTWARE FAQS- FREQUENTLY ASKED QUESTIONS
Q1 . Does Accounts payable automation solution need additional SAP enhancement or development ?
No the Accounts payable automation solution by BSC GLOBAL has both AI component and SAP add on which is delivered as package to handle the automation requirement. Thus there is no need to buy a separate service for SAP development.
Q2.Do we need any hardware set up for this accounts payable automation?
No , its not required as this is SAAS based solution.