Question: Is there a platform that uses AI and machine learning to extract invoice data from any source and ensures data consistency with ERP systems?

Paymode-X is an AP automation software that digitizes the entire invoice-to-pay process. It uses machine learning, AI, and OCR to capture and extract invoice data, and ensures accuracy by alerting users to any mismatched data synced from their ERP. The platform integrates with any GL via API or automated data transmission and supports mobile app usage for managing and tracking vendor payments.

Another strong contender is Basware, a cloud-based purchase-to-pay and e-invoicing solution that automates complex invoice processes. It provides true automation with AI and machine learning and supports integration with over 250 ERPs across 190 countries. Basware offers benefits such as up to 100% touchless invoice processing, actionable AP insights, and 100% spend visibility, making it ideal for global businesses looking to reduce costs and manage spend efficiently.

Rossum is also worth considering, as it automates complex transactional workflows using AI-powered document processing. It can handle various document formats and layouts without needing new templates, and offers built-in reporting and dashboards to monitor key performance indicators. Rossum integrates with systems like SAP, Coupa, and Workday, making it suitable for companies looking to optimize their document processing and integration with existing systems.