The Situation
Melbourne, Australia-based Valtatech helps its clients process over 20,000 invoices a month in different formats. Their 20-member team would struggle to extract accurate data from semi-structured invoices.
Digitize your accounts payable processes with 99%+ accuracy
No credit card required
Reduce risk with intelligent matching of invoices to purchase orders, duplicate identification and vendor validation
No template setup, no manual rules. Use AI that learns from your invoice formats
Get 10X efficient with end-to-end automated accounts payable workflows and validation logic
4 simple steps to efficient accounts payable processing
STEP 1
Ingest invoices directly from emails
Import invoices from emails, PDFs, scans etc. with our pre-trained APIs.
STEP 2
Extract 99%+ accurate accounts payable data with zero effort
Get data such as payee names, account numbers, invoice amounts, dates etc. accurately with zero human intervention.
STEP 3
Match invoices 2-way/3-way/4-way
Match invoices with their purchase orders and receipts beyond the standard data fields
STEP 4
Integrate directly with existing systems
Post-process and integrate the respective data fields in your downstream systems with our intelligent APIs
Make your accounts payable touchless, error-free, and accurate
Flexible and intelligent OCR
Move beyond template-based OCR
Template-based OCR cannot handle variations in invoices, purchase orders, and layouts. That's why Docsumo's flexible solution adapts to changing accounts layouts, tables, and structures etc. and extracts data using a single API call.
Minimizing risk in Accounts Payable processing
Minimize risk in your Accounts Payable processes
- Mapping cost centers, project codes, and general ledger code wrongly can cause financial and reputational risk.
- Instead, use Docsumo to capture such data automatically before routing to the correct person for approval.
5 Reasons to get the Docsumo Advantage Now!
<60sec
Reduce turnaround time for invoice processing from days and months to seconds
10x
Increase efficiency by 10X even as you process 10k+ invoices a month
99% plus
Reduce manual and repetitive errors with intelligent automation and get accurate data from invoices
Smart AI
Algorithms that self-learn based on new invoice formats and on the go or from manual corrections
Analytics
Make rapid decisions with easy validation and granular analytics
Prevent duplicate invoice payments
Stop paying for duplicate invoices
Docsumo checks invoices for their file names, invoice number, vendor name, date and amount. Our intelligent accounts payable processing software detects duplicate content between invoices and flags them to prevent double payment.
Boost AP process efficiency
Make your accounts payable team super-productive
Getting reminders and duplicate invoices from suppliers? Or, spending time manually fetching and keying in invoice data? Use Docsumo to reduce time to process invoices from weeks to minutes.
Take control of your accounts payable automation with Docsumo
Streamline multi-vendor invoice processing
Manage multi-vendor invoices with varied payment terms with ease
Automation with human-in-the-loop
Get 95%+ touchless processing for your procurement processes with automation and human-in-the-loop
Capture and categorize line items
Categorize table line items and get calculated attributes to automate decisions
Enhance your spend intelligence
Get granular analytics on vendor and spend by category
Get performance reports
Create work queues for your Accounts Payable team and get detailed performance reports
Accounts payable data extraction case study
Valtatech reduces invoice processing time to <30 seconds with accounts payable automation
Solution
Docsumo's OCR module was optimized to extract accurate data from invoices that had varying fonts, image quality, and resolution. Our proprietary NLP-based classification framework was trained to categorize key value pairs such as invoice number, date, vendor details and totals.
30s
processing time of unstructured data reduced to <30 seconds
65%
cost reduction due to accounts payable automation
99%
touchless processing using smart validation rules
Ready to automate your data extraction?
Let's talk.
Docsumo's intelligent document processing enables you to extract data easily, efficiently, and accurately.
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