Your Single Source of Truth for all Invoices with Artificial Intelligence

Invoice Ingestion (shared drive / email)

Manual download & upload; invoices scattered across emails and drives

Automatic listener captures invoices from shared drives, email, SFTP in <5 mins

Near real-time ingestion (<5 mins), error <1%

Metadata Extraction (OCR, supplier, invoice#, totals, line items)

Manual data entry or template OCR with high error rate

95–100% centralized & digitized

>90% (EY Legal Ops 2022)

Missed Renewal / Expiry Rate

~15–20% contracts renewed late or missed

AI/ML-based metadata extraction with >95% accuracy on header fields, 85–95% line item accuracy

Field-level accuracy: header >95%, line-items >90%

Human in the Loop (HITL)

100% invoices manually keyed/reviewed

Only low-confidence or exception cases routed for review (<30%)

Exception/manual touch rate <20%; best-in-class <10%

Data Enrichment (Vendor, GL code, tax, duplicates)

Manual lookup from ERP/vendor master

Automatic enrichment with vendor master, GL suggestions, duplicate check, tax validation

Auto-suggest accuracy >80%, duplicate detection >95%

3-Way Match (PO, GRN, Invoice)

Mostly manual, frequent mismatches, follow-up emails

Automated match with tolerances; exceptions routed with reason codes

3-way match success 60–80%; best-in-class 80–90%

Posting to ERP

Manual entry into ERP; risk of duplicates/errors

Automated posting via API with audit trail and attachments

Posting success >98%; best-in-class >99%

Cycle Time (Invoice → Payment-ready)

5–10 days

1–3 days

Best-in-class <2 days

Straight-Through Processing (STP)

10–40%

50%+ (target 70%)

70–80%

Exception Rate

20–45%

10–20%

<10%

Limited to legal (~20–30 users)

5x higher (legal, finance, procurement, sales)

4–5x more adoption (Gartner 2023)