SMART INVOICE PROCESSING

About

The new wave of digital technologies of Artificial Intelligence, Machine Learning and NLP are fundamentally changing the way the finance function of Account Payables operates. SmartAP is a digital account payable solution that provides intelligent invoice processing to help companies save significant time and costs. Through Digital Automation (AI, ML and NLP) it significantly reduces manual efforts for invoice capture and validation.  SmartAP allows Account Payable staff to put aside old fashioned and time-consuming data entry tasks, and focus on optimizing financial supply chain.

What problem does SmartAP address

As organizations continue to grow, and rely on a greater number of vendors, the high costs associated with invoice processing will only continue to grow as the volume of invoices increase.

Even today, a large number of invoices coming to companies are paper-based, or from an electronic file, such as a PDF, jpeg or email. Current Enterprise Account payable products are addressing the process and workflow requirements but do not digitalize the extraction and validation process sufficiently. This limitation means, Account Payable staff members have to do manual work for invoice data capture and validation.
Manual processes are expensive and create a variety of process complexities and inefficiencies in form of approval delays, mistakes and late payments, which lead to supplier inquiries, delays and invoice disputes.
SmartAP provides a solution for significantly reducing the manual process using AI based self-learning and machine learning system.

What Solution does SmartAP provide

SmartAP is an intelligent invoice processing & automation solution that accelerates invoice capture and validation by using intelligent algorithms in combination with Digital technologies.

How does SmartAP work

SmartAP is based on intelligent extraction of text from invoice documents using OCR and post processing it using Natural Language Processing (NLP). The data runs through Machine Learning (ML) algorithms to map unstructured data into a structured database. This enables automation for data capture and validation.

Features

Multi-Format Invoice handling

Multi-Format Invoice handling

Supports invoices in multiple formats such as PDF, TIF, PNG, XLS and Text

Touch-less Processing

Touch-less Processing

Enables Touch-less processing via automated invoice capture and validation.

Complex Tables and Structures

Complex Tables and Structures

Successful data extraction from invoices with complex table structure

Automation of Invoice validation

Automation of Invoice validation

SmartAP validates invoices which are submitted to it. It ensures correct information like Vendor, Bank, Amount Totals, Taxes etc. It also identifies duplicates and flags them out.

Self-learning System

Self-learning System

Invoice processing with built-in intelligence and machine learning significantly reduced manual efforts

Industry Specific Solution

Industry Specific Solution

Caters to specialized needs of industries like Airline, Finance, etc.

Workflow, Dashboard, Reporting

Workflow, Dashboard, Reporting

Robust workflow and notifications
Real time data and visibility supporting efficient financial supply chain

Interface with ERP

Interface with ERP

SmartAP can integrate with existing Enterprise systems (Like ERP, Financial System, etc) using API/XML framework and doesn’t need creation or implementation of a parallel system.

Flexible Service Model

Flexible Service Model

Available as cloud based As-a-Service, API based and On-premise solution

Team

Team consists of experienced Product and Technology experts based out of Europe and India. Founding members have worked with global Enterprise software, Technology and Digital solutions companies for 20+ years

Rahul Deshpande
Satish Hakim
Lijo George
Karan Singh
Rahul Deshpande

Rahul Deshpande

Co-Founder and Chief Technology Officer

Rahul is a Tech Entrepreneur. He has a strong consulting and product implementation background. With a business view of things and 360O understanding of technology. Rahul has been a serial Product developer, he has developed and deployed products like GoNandi (Innovative Gifting platform based on Machine Learning), KDiscover (File classification and Enterprise Knowledge Discovery platform based on Bigdata and Machine Learning), BSearver (PLM Search Engine).
Rahul has more than 20 years of experience in Technology, Consulting and Product Development.
He has a Bachelor of Engineering in Electronics and a MBA in General Administration from Symbiosis International University. He has attended Executive Management Programs in IIM Bangalore on Market and Product Strategy for IT companies.

Satish Hakim

Satish Hakim

Co-Founder and Chief Solution Officer

Satish brings over 30 years of experience in developing Technology and Business Solution for the Enterprises. He has vast experience of Industry, exposure to multiple ERP products (such as Oracle, JD Edwards and SAP), especially ERP implementation and integration with multiple applications and products. He is credited with multiple successful implementations with on-time delivery and desired quality. He has extensive experience in defining scope and features of the solution which would address business challenges while keeping ease of implementation and integration with other applications for business users.
Satish is MBA from Symbiosis International University and a Management Executive Certification Program from Indian Institute of Management Ahmedabad

Lijo George

Lijo George

Partner – Nordic Market Development Advisor

Lijo has over 20 years of Technology consulting background and has been offering digital solutions to clients in Nordic. He has been working and living in Sweden for 18 years and held leadership roles in SONY and Ericsson.

He has solid Market and business development experience and has a successful track record in delivering IT and digital solutions involving data engineering, Machine Learning and Applied AI.

He has a Bachelor of Technology in Computer Science and an MBA in International Business Management from Lund University, Sweden. He has attended Corporate Leadership Program from Stockholm School of Economics.

Karan Singh

Karan Singh

Co-Founder and Chief Executive Officer

Karan is a Digital-age entrepreneur. He not only has a strong consulting background where he has set-up several multi-million Euro IT projects for top 100 European companies, Karan also has solid business operations experience as he has a successful track record of setting-up multiple Business units and international sales subsidiaries.
During his 24 years of experience in IT Consulting, Technology & Digital solutions, he has held Leadership roles with global companies like IBM, L&T Infotech and Accenture in Europe.
He has a Bachelor Engineering Electronics and Communications and an MBA in International Business from Delhi University. He has attended Executive Management Program for Strategy and Leadership conducted by INSEAD-France and IMD-Switzerland.
Karan is living in Munich for over 17 years

Request A Demo

Contact

GERMANY (HQ)

Smart AP, Stark Impact GmbH
Riedeselstr44a
82319 Starnberg (Munich)
Germany

  (+49)-175-9988778

SWEDEN

Smart AP , Kairos Blue AB
Gandalvsgrand 6
22474 LUND
Sweden

  (+46) – 46 2601160

INDIA

Smart AP , BrainWave Consulting
5th Floor, Snehal Classic A
Opposite Zenith Complex,
Narveer Tanaji Wadi,
Shivaji Nagar, Pune 411005 India Maharashtra

  (+91) – 915-800-5654
  (+91) – 988-140-3758

MAIL

support@smartacpay.com

contact@smartacpay.com

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