With Aavenir’s smart Accounts Payable Automation Software, automate manual tasks, minimize paperwork, eliminate errors and be more productive.
Aavenir AP automation offers cognitive invoice processing capabilities to reduce human intervention by up to 6x. Built on Now Platform, Aavenir enables enterprises to efficiently manage multi-vendor payments with varied payment terms. It collects invoices from mobile app, emails, e-procurement or printed docs in a secure repository, invokes ML-engine to extract meaningful invoice information, performs 2 or 3-way match with POs, GRNs & contracts to automatically brings them on payment workflow, schedule and automate contract renewals
Accounts Payable (AP) automation can be the first step towards the digital transformation of your organization. Bring everything on a single platform and eliminate inefficiency related to human intervention and paperwork. AP automation can promise:
Improved Working Capital Management
Time your payments effectively to take benefit of early-payment discounts and manage cash flow.
Higher Levels of Transparency
Give everyone, including suppliers, the power to track payment and invoice status.
Touch-less Invoice Processing
Free up resources from the task to associate invoices with the right expense account with touch-less processing.
Built on the industry-leading ServiceNow platform, Aavenir Invoice Processing solution offers a unique ‘zero-touch’ invoice processing solution. Just ask your vendor to send you an invoice over email and then let Aavenir solution take it over!
Intelligent Invoice Data Extraction
Intelligently extracts, categorize, ingest data with high accuracy from any invoice formats (PDF, EDI, XML, paper, etc.) received from any channel like e-procurement systems, email, scanner, or mobile-app.
AI-based 2-Way/3-Way Validation
Matches the invoices information against purchase orders (POs), Goods Receiving Notes (GRNs), and contracts based on the match configuration setup to ensure accuracy of data being ingested on a ServiceNow.
Flexible Invoice Processing Workflow
Execute on-time payments using Aavenir Account Payable workflow powered by ServiceNow with rules-driven approvals, complete audit logs and alerts to eliminate inefficient follow-up calls or emails.
Reduce 80% of Invoice Processing
Expenditure with AP Automation by Aavenir
Paperless processing and transparent information sharing mechanism reduces the need for a large number of resources, thus reducing processing costs.
Aavenir Invoiceflow currently scores 66/100 in the Payments & Invoicing category. This is based on user satisfaction (86/100), press buzz (41/100), recent user trends (falling), and other relevant information on Aavenir Invoiceflow gathered from around the web.
| The score for this software has declined over the past month. What is this? |
Product recommendations, vendor rankings, market overview and tips on how to select Payments & Invoicing software for business. Published in April 2024.
Payments & invoicing is the lifeblood of a business when it comes to accounting and finance. Without effective payments and invoicing management, a business will not be able to track its income and expenses. At the same time, they will lose track of the...
FREE DOWNLOAD Payments-&-Invoicing-Software-Buyer-Guide-2018.pdfServiceNow(for all), Microsoft Word (for RFPflow & contractflow), Docusign (for Contractflow only), SAP (on request for all)
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Accounts Payable Automation
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