Kanverse Intelligent Document Processing (IDP) reduces document processing cycle time from days and hours to seconds, optimizes operations cost by up to 80%, prevents fraud, eliminates manual entry to deliver a zero-touch experience with up to 99.5% processing accuracy.
Complex Invoices
Vendors with complex invoice formats (multiple tables, running in multiple pages)
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PO Matching (2-way, 3-way)
PO invoice with multiple shipments, inventory/non-inventory items, freight and tax amount, and other charges like inflation, special charges etc.
Non-PO Invoice Processing
GL Code combinations for non-PO lines, linked to vendor
Non-English Invoices
Most languages using a variation of the Latin script are supported out of the box French, German, Nordic languages, Spanish, Italian, Czech, Polish, Hungarian and Romanian
Payment Request Forms
Internally generated payment request say to tax authorities
Allocations
Invoice amount from identified recurring invoices allocated to multiple GL accounts. Option of Fixed, Variable and Skeleton distribution
Discounts
Identify discount on invoice line/header and apply to the invoice total Identify discount payment term and notify users
Tax Processing
Identify all tax amounts and process them as per business needs including integrating with third party tax engine
Evaluated Receipt Settlement
Error out invoice for an ERS PO
Withholding
Invoice does not mention WHT but vendor identified as a WHT vendor WHT info is mentioned on the invoice
Statements/ Supporting Docs
Ignore statements and other supporting documents by putting them in "Other" Folder
Invoice Batch in a PDF
Segregate, validate and publish each invoice separately
Vendor Email
Review vendor email for additional comments/communication
Invoice Approval
Configure custom approval flows and delegations
Early Payments
Identify early payments in invoice
Archival
Archive on SharePoint/Google Drive or within ERP or FTP Server
Project Accounting based Invoicing
Identify project number and expenditure types based on invoice using business rules Update project accounting in addition to invoice publishing
High Volume Excel Ingestion
Publish invoices based on excel and maintain appropriate audit trail
