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.
How it Works
Accelerate Process Cycle
Expedite turnaround time and delight your customers with Automation.
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%.
30% Cost Reduction per Invoice
Substantial cost savings with an over 30% reduction in cost of processing per invoice.
Exponentially Minimize Errors
AI-powered accuracy minimizes the risk of errors while processing invoices.
Zero Manual Intervention
Lower costs and free manual resources by automating the workflow for invoice processing.
Leverage Rule-Based Automation
Automate multi-step workflows through rule-based automation that enhances productivity.
Process Multi-Format Invoices
Accurately process multiple formats of invoices from different vendors.
Requires Just One-time Training
Train just once to your parameters and inputs, then deploy end-to-end automation.