If you're looking for a system that uses AI to process invoices and make data-driven decisions, Vic.ai is a top contender. This intelligent accounting system automates and optimizes invoice processing, speeding up and simplifying the process. It includes features like autonomous invoice processing, PO matching, approval workflows, and automated payments that can be tightly integrated with top ERP systems. That can lead to a big boost in financial productivity and better decision making for finance teams.
Another good option is Basware, a cloud-based purchase-to-pay and e-invoicing system. It offers broad automation of complex invoice processes with AI and machine learning. Basware can process a variety of invoice types and offers actionable AP insights, 100% spend visibility and compliance in many countries. The system is particularly good for global companies trying to cut costs and improve financial planning.
If you're looking for a flexible document processing system, ABBYY is worth a look. The company's platform uses AI, NLP and OCR to automate business processes, including accounts payable. Features include intelligent document processing, process intelligence for data analysis, and support for many industries. ABBYY's system can handle documents in any format or language, making it a good option for extracting and analyzing financial data.
Last, Ocrolus offers a specialized Document AI platform for financial document classification, extraction and analysis. It offers high accuracy and can handle documents in any format, so companies can quickly and accurately assess cash flow and income. It's a good option for businesses that need to analyze financial documents to make decisions, like lending and accounting.