Application

Invoice Processing

Overview

Invoice processing is a tedious job that requires qualified employees to perform highly repetitive tasks, and it is prone to errors. According to studies, the cost of manual invoice processing is $30 to $50 per invoice. Utilizing RAP AI’s Invoice Processing application can slash the cost of manual data entry by over 80% and reduce cost per invoice by over 30%. In addition the application provides substantial improvements in the speed and accuracy of invoice processing. The application can be trained to accurately process a variety of invoice formats making it a comprehensive solution that eliminates manual intervention for all invoice processing for an organization.

Invoice Processing

How it Works

Invoice Processing

Benefits

Accelerate Process Cycle

Expedite turnaround time and delight your customers with Automation.

Accelerate Process Cycle
80% Cost Reduction of Data Entry

Eliminating manual data entry by using scanned invoices as input reduces the cost of data entry by over 80%.

80% Cost Reduction of Data Entry
30% Cost Reduction per Invoice

Substantial cost savings with an over 30% reduction in cost of processing per invoice.

30% Cost Reduction per Invoice
Exponentially Minimize Errors

AI-powered accuracy minimizes the risk of errors while processing invoices.

Exponentially Minimize Errors
Zero Manual Intervention

Lower costs and free manual resources by automating the workflow for invoice processing.

Zero Manual Intervention
Leverage Rule-Based Automation

Automate multi-step workflows through rule-based automation that enhances productivity.

Leverage Rule-Based Automation
Process Multi-Format Invoices

Accurately process multiple formats of invoices from different vendors.

Process Multi-Format Invoices
Requires Just One-time Training

Train just once to your parameters and inputs, then deploy end-to-end automation.

Requires Just One-time Training

Case Study

Automate invoice processing with the power of RAP AI.