A/P Invoice Automation Software
A/P processing is a tedious process, especially if you do it manually. You will need to hire full-time employees who must spend long hours each day looking into each invoice. If your company is one of those who handle thousands of invoices weekly, you probably constantly encounter human errors and backlogs, which will delay vendor payments. Then you need to switch to accounts payable automation invoice solutions.
Do you still process your accounts payable manually?Then you’re probably dealing with large backlogs, high costs, and losses from human errors. It’s time to switch to automated invoice processing.
Invoice verification is error-prone, time consuming and labor-intensive, especially if you have a manual 3-way matching accounts payable process.
Get back control of your finances by using our invoice automation software. Ready to switch?
Our robust invoice management software will let you process invoices more efficiently and offload your team of repetitive and laborious tasks.
Ready to switch? Try Hermes today. Hermes invoice automation software solutions combines artificial intelligence, optical character recognition, and cloud-based processing to eliminate mistakes, drive down operational expenses, and speed up automated invoice processing.
Here’s how Hermes minimizes your time and workload:
- Hermes uses AI to read incoming invoices from your emails. It also uses OCR technology to convert scanned invoices into text.
- Straight-through automatic invoice processing extracts data without manual intervention.
- Hermes generates a report that contains exceptions and errors for manual review.
- Processed invoices automatically get uploaded to the accounts payable ERP.
- Your team can use customized filters to create ad-hoc reports and audit logs.
Need a custom approval mechanism? No problem, Hermes has that too.
Hermes Invoice automation software can automate, simplify, and accelerate your A/P process. It works 24/7 – 365 days a year, saving 90% of costs and requiring only 10% human intervention to handle exceptions.
Are you ready to see how automatic invoice processing powered by Hermes can revolutionize your business? We’ll analyze your current A/P system and identify any issues causing delays at no additional cost. We’ll then recommend AP automation solutions to make the process more efficient.
Introducing Hermes AP Automated Invoice Processing Software
Best-in-class Solution to Your Never-ending Backlogs and Erroneous Manual A/P Processing
- Reduce A/P invoice processing time from five minutes to 20 seconds
- Save as much as 77 hours weekly, equivalent to the time and effort spent by four full-time employees
- Handle present and backlog invoices
- Reduce human errors and improve the quality of output
- Have a secured (SOC2 Certified and HIPPA compliant) cloud-based system
- Increase invoicing speed and scale down human dependency
How Hermes Accounts Payable Automation Works
What the Numbers Say
- Scaled up A/P processing from 8/5 to 24/7 system
- 90% savings due to reduced processing time from eight to 0.83 minutes
- 0 backlogs
- Total A/P processing time reduced by ten days and free up time for analysis and review
- 65% boost in productivity
- Only 10% of human effort required
- 0% error rate and minimized data breaches and operational risk
The Technologies We Use
- Artificial Intelligence (AI) – to understand the essential workflows and processes for automation and creation of custom business rules for each vendor
- Optical Character Recognition (OCR) – to read the invoices and process them with 100% accuracy before transferring them to the ERP system as input
- Cloud-Based processing – to allow authorized users to access the platform anywhere and anytime activity Only 10% of human effort required 0% error rate and minimized data breaches and operational risk