Question: Can you recommend an accounting automation tool that can process invoices quickly and accurately?

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Vic.ai

If you need an accounting automation tool to quickly and accurately process invoices, Vic.ai is a great choice. This intelligent accounting software automates and optimizes invoice processing with powerful AI to increase financial productivity. Highlights include autonomous invoice processing, PO matching, and approval workflows, as well as automated payments and AI-driven data insights. Vic.ai connects to leading ERP systems and accounting software and promises 5x faster invoice processing and an 85% no-touch rate, making it a good fit for finance teams and accounting firms.

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Basware

Another contender is Basware, a cloud-based purchase-to-pay and e-invoicing service that automates complex invoicing processes. It offers global compliance and connects to more than 250 ERPs in 190 countries. Basware's platform automates PO-based and non-PO-backed invoices, and offers actionable AP insights and 100% spend visibility. With a subscription-based pricing model, Basware is an industry analyst favorite for AP automation.

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Paymerang

If you need a broader finance automation platform, take a look at Paymerang. It automates accounting with AI and machine learning, including invoice automation, payment automation and receivables automation. Paymerang connects to a variety of accounting systems and offers real-time visibility and control over spend, so it's good for businesses in many industries. By automating routine tasks, Paymerang can free up businesses to focus on growth and development.

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Smart Clerk

Last, Smart Clerk offers an AI-based document conversion tool that automates invoice processing. It can handle many invoice formats and uses AI-powered algorithms to extract data with high accuracy. With a management interface for reviewing and approving invoices, Smart Clerk connects to widely used accounting software and offers multiple pricing tiers. It's geared for small businesses and teams that want to boost productivity and cut errors in financial operations.

Additional AI Projects

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Streamlined

Automates and streamlines B2B invoicing and accounts receivable processes, providing a seamless customer experience and reducing operational overhead.

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Stampli

Consolidates all AP-related communication, documentation, and workflows into one place, automating manual work and increasing efficiency, visibility, and control.

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Booke

Automates bookkeeping tasks, extracting data from invoices and receipts in real-time, and categorizing transactions with AI-driven accuracy, saving at least 2 hours per client per month.

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Billtrust

Automates and integrates the entire order-to-cash process, minimizing friction and providing a seamless experience for finance teams through AI-infused AR solutions.

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Yooz

Automate the entire procure-to-pay process with real-time approval, AI-based data extraction, and seamless integrations, cutting costs by 80% and cycle time.

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HighRadius

Automates and optimizes financial operations, including Order-to-Cash, Treasury, and Record-to-Report processes, to reduce DSO, improve cash flow, and increase productivity.

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Botkeeper

Automates manual bookkeeping tasks, freeing up time for accounting professionals to focus on higher value work, while ensuring data accuracy and strong security.

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Glean.ai

Automates and analyzes accounts payable processes, providing intelligent insights and visibility into spending patterns for better financial decision-making.

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TurboDoc

Automatically converts unstructured invoices and receipts into easily digestible data with high accuracy, streamlining business workflows and accounting processes.

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Esker

Automates repetitive processes, providing better visibility, collaboration, and productivity, while cutting costs and improving customer satisfaction.

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Fiskl

Automate financial management with AI-powered reconciliation, multi-currency support, and seamless integrations, saving up to 80% of reconciliation work.

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Cradl AI

Automates internal document workflows by extracting data from complex documents in seconds, allowing teams to focus on high-priority work.

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ABBYY

Automates document-based processes with 90%+ recognition accuracy, extracting insights from any document to inform real-time business decisions.

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COUNT

Automate financial tasks, track expenses and income in real-time, and generate instant reports to make better business decisions with AI-powered accounting tools.

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Digits

Automates accounting tasks, providing rapid monthly close, instant reports, and live financial insights, enabling businesses to make more informed decisions.

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Tungsten Automation

Automates tedious processes, delivering insights and improving operational efficiency, performance, and profitability.

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Ramp

Automates expense management, travel, and accounting processes, providing real-time visibility and AI-powered workflows to prevent errors and overspending.

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Sage

Automate routine tasks, gain real-time business insights, and make informed decisions with AI-driven finance solutions tailored to your business needs.

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FinFloh

Automates and optimizes accounts receivable processes, accelerating collection, and cash application, while providing data-driven insights for better credit decisions and dispute resolution.

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Nanonets

Automate data extraction from unstructured sources, leveraging AI-driven workflows to extract, enrich, and validate information, freeing employees from repetitive tasks.