Accounts Payable Invoice Process Automation Services

The Vendor is required to provide accounts payable invoice process automation companies to transform the current accounts payable process by automating the end-to-end lifecycle of invoice processing.
1. Invoice capture & ingestion:
• Email
• OCR
• Intelligent data capture (i.e. Ai/ml)
• Supplier portal
• Multiple formats of documents
• Document storage management
2. Data validation:
• Vendor (supplier validation)
• PO vs. non- PO
• Duplicate checks
• Workflow & exception handling
3. Data mapping:
• Gl code staging
• Currency
• Taxes, discounts, credits
• Payment terms
4. Invoice to voucher conversion:
• Automated voucher creation for integration to PeopleSoft
• Line item versus lump sum
5. Reporting & analytics:
• KPIs
• Dashboards
• Audit reporting
6. Compliance and retention:
• Audit trail
• Security
• Retention of documents
• Business continuity
7. Change management & training:
• User versus role based
• Sops and user guides
8. Support:
• SLAs after go-live and stabilization
• Software updates, changes & communication.