Use AI-Powered Intelligent Document Processing (IDP) to automatically extract data from vendor invoices, such as invoice number, date, and amount. RPA bots can then automatically enter this data into the ERP and/or finance systems. The bots can be configured to automatically validate and reconcile vendor invoices. Further, after goods are received, RPA bots can automatically match vendor invoices to purchase orders and goods received notes before paying vendor invoices.
This automation reduces the need for manual data entry to a large extent, therefore increasing efficiency. It also eliminates manual error, which increases accuracy and reduces wrong invoice payments due to bad data.
