i2B launch “i2B Document Management” their Artificial Intelligent AP Automation & Document Management system
Are you looking for a system to help you reduce the time you spend manually extracting data from documents (especially invoices), prevent late payment penalities, become a paper free office and improve efficiencies within your AP department?
i2B today launched their cloud based i2B Document Management system which has been designed to help you capture ALL your vendors invoices electronically and create a touchless AP invoice handling process.
Your vendors will be able to upload via email or via our cloud based Document Management system their invoices, which will be automatically scanned / read and processed. Unlike traditional OCR (Optical Character Recognition) tools i2B Document Management requires no specific rule or template set up – this means it is able to extract data from a wide variery of invoices, and other documents, right away.
The system can be either stand alone, or can be integrated with our i2B Connect (Purchase to Pay) solution to perform 3 way matching against purchase order quantities, deliveries and checks on pricing / values.
i2B Document Management will automate invoice processing for all types and paper based / PDF formats covering PO and non-PO invoices for direct and indirect spend. As the system is multi lingual you also save time and money by consolidating the AP process across a organisation to one location. Also the system is available all day every day so it can be extracting data from invoices around the clock, invaluable for multinational corporations.
If you are interested in learning more about the i2B AP automation document management solution then please get in touch. We’d love to hear from you.