Data entry automation
Leverage intelligent, OCR-based invoice data extraction and eliminate the need for manual data entry.
Accounts Payable (AP) Invoice Processing
Accounts payable (AP) invoice processing involves receiving, recording, and routing invoices, and executing payments. It is a critical part of the procure-to-pay (P2P) process, which integrates purchasing and accounts payable systems. Cognizant has created a market-leading AP solution that leverages Camunda process orchestration. This solution uses AI models for high accuracy and maximum straight-through (also known as no-touch) processing of invoices. This solution also includes integration with SAP or another ERP system.
Features and Benefits
Process automation
The solution automates process steps using generative AI, executes rule-based fraud detection and risk mitigation, and uses a built-in exception management process to handle issues.
Reusable framework
The solution's integration framework is based on the Cloud Application Modeling and Execution Language (CAMEL). It also offers a configurable UI and service layer framework.
Built-in compliance and approvals
Get an end-to-end audit trail with comprehensive reporting. Leverage dynamic, multi-level approvals for exceptions.
Analytics and search
Get real-time insights with analytics and dashboards, plus end-to-end tracking of invoices using breadcrumbs and reports and semantic search based on generative AI.
Details
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