Automated Invoice Management Software
AP Automation Services to provide better financial health for your business
Automated Invoice Management Software
Manual AP processing is hectic and time-consuming. It demands FTEs to spend hours looking into invoices. Extensive human intervention brings errors and backlogs, resulting in vendor payment delays. To avoid these errors and delays, companies are looking for AP Automation services that will provide them with robust, scalable, secured & cost-effective invoice management software.
Hermes is a seamless invoice management software designed to streamline the end-to-end AP process and deal with large invoice backlogs and losses. It reduces the cost, and improves performance, and removes the possibility of manual errors by leveraging the latest technologies like AI, Machine Learning, Optical Character Recognition(OCR), and cloud-based technologies.
Read the blog on Why You Should Choose Automation Over Manual AP Processing.
Hermes - The AP Solution That Requires No Additional IT Infrastructure
Hermes provides advanced invoice management software that offloads your team from repetitive tasks and makes the account payable process flawless. It is a cloud-based solution that automates the AP invoices with the help of OCR (Optical Character Recognition)and RPA (Robot Process Automation), where bots get trained using AI (Artificial Intelligence) and Machine Learning (ML).
Reduced FTEs Cost
A human can work 8/5 per week, which makes any process slow. With AP Automation solution like Hermes, you can work 24/7 on the AP cycle and save 90% of the cost, as only 10% of FTEs can handle your automated invoice management software.
Proper Data Mapping
The smooth processing of accounts payable (AP) depends on the data extracted from the invoices and other documents. Our innovative AP automation solution can recognize the general ledger (GL) code and map it correctly with the invoices resulting in better tracking of AP workflow.
Bots work 24/7 and provide accurate results. AP Automation service providers use invoice management software to boost system efficiency and minimize human interventions required to process a large volume of data.
Easy Flow of Data
Manual documentation takes time to complete, and there is always room for errors, leading to massive backlogs and delays in vendor payments. AP Automation Services archive data for IRS purposes and open the door for an easy data flow.
Hermes Loves Solving Problems and Making Complex Accounts Payable (AP) Processes Simple
Hermes AP Automation software smartly picks up the input invoices from email or secure file transfer space, which reduces manual effort and time.
Manual invoice reading and processing are prone to human errors. Hermes AP automation solution employs RPA bots to extract the invoices from the email and read them using OCR technology.
Manual invoice reading and processing are prone to human errors. Hermes's AP Automation Solution uses RPA bots to extract the data from invoices and read them with the help of OCR technology.
Humans can miss capturing vital information, which can cause substantial financial loss to companies. All the essential information is automatically picked up from invoices and stored in a structured format in a secured cloud space. Hermes software captures every piece of information.
Validation & Output
Correct inputs and processes deliver proper output. AI bots developed by Hermes validate the data by comparing it with master data and provide the result once every checkpoint is approved.
Perfect AP Automation Services For All Companies Looking To Scale Up Their Businesses
Our RPA accounts payable automation software leverage the power of AI and ML to produce a report four times a day that contains the matching errors and gradually minimize them to deliver error-free outputs.
We understand the risk involved in AP processes; hence we provide highly secure invoice management software with multi-factor authentication where only authorized team members can access the information.
Mostly Automation does not work with the traditional company system and wants new IT infrastructure. With Hermes invoice management software, companies can enjoy smoothly incorporating the ap automation solution to their existing system and can send and receive data back to the ERP using API integrations or a flat file.
Hermes uses machine learning technology to learn vendor specific processing invoices and data points. It removes the extra cost, double payment, and payment complications by using a 3-way match of invoices with purchase orders and inventory/delivery information.
Hermes AP automation solution uses STP (straight-through processing) to provide custom business logs, reports, and workflow incorporating business rules based on the organization's requirements, thus providing a flexible solution that can fit to all.