Automate Your Invoice Lifecycle with AI-powered Digital Invoicing Solution
Vendor invoices often overwhelm finance teams operating with manual processes, resulting in a lack of visibility, operational overload, rising errors, and risks. With an expulsion of duplicate invoices and stretched bandwidth, finance teams need smart support to regain control and tackle ongoing challenges. Our invoice automation solution equips AP teams with advanced capabilities to automate, digitise, streamline, and manage end-to-end invoice processes.
Automating workflows to optimise invoice tracking, management, and compliance.
With intuitive, AI-driven invoice management software, SquareOne empowers enterprises to gain complete oversight and control over the entire accounts payable process, helping accelerate, manage, and optimise invoice processing at scale.
As a business transformation leader in the GCC region, we leverage our expertise in Hyland solutions to automate, modernise, and optimise invoice workflows, driving intelligent transformation throughout your financial cycle.
Transform Invoice Workflows with an Intelligent Invoice Automation Solution
Capture invoices from emails, PDFs, and portals using the power of AI and OCR. Our invoice processing solution automatically scans and extracts invoice data such as invoice number, vendor details, etc, and processes it for validation.
Fasttrack invoice reviews by validating extracted data against legacy databases. With this automated invoice processing system, businesses can check invoice credibility, flag anomalies and quickly process it for approval.
Intelligently route invoices to relevant stakeholders for verification and approval. By using AP automation software, businesses can expedite approval processes, send reminders and escalate upon delays.
Schedule payment execution automatically upon invoice approval. By deploying invoice processing solutions, enterprises can streamline payment processes and ensure timely, error-free disbursements.
Get complete visibility on the entire invoice lifecycle in real-time. Our automated invoice processing software equips you to keep an active log of essential invoicing activities throughout the cycle. This provides key capabilities for the finance teams for necessary intervention.
Connect all your financial data by effortlessly integrating with ERP systems. From data sync to PO matching and reporting, our accounts payable automation solution simplifies integration, ensuring all necessary data is logged in for compliance and auditing.
Stay ahead by utilising our reports and intuitive dashboards for data-driven insights. Our invoice automation solution allows stakeholders to get access to a complete overview of key metrics and performance indicators, empowering them to make informed decisions.
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SquareOne: Your Prime Choice for Invoice Management
As a business transformation leader in the Middle East, SquareOne has been a pivotal force in delivering innovative technological solutions. In this regard, we have leveraged our expertise and partnership with Hyland to present our invoice automation solution. By automating key processes and equipping finance teams with extended capabilities, our solution simplifies invoicing, accelerates approvals, and empowers with end-to-end control.
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FAQs
An automated invoicing solution or a digital invoicing solution is a software system that digitises and optimises each step of invoicing. Right from receiving, managing, processing, and approving invoices, this solution can reduce the workload of the accounts team, minimise errors, and provide complete control and visibility for financial operations.
The typical process of an automated accounts payable system is as follows:
Invoice Capture: In the initial stage, the solution automatically collects invoice data by using OCR and AI.
Invoice Validation: Upon collecting the details, the system validates the data with existing records for processing.
Invoice Approval: Once the invoices are validated, they are processed for approvals involving the relevant stakeholders.
Payment Processing: If everything falls in order, the payment for the requested invoice is processed. If the system finds any discrepancies or irregularities, the invoices are flagged for further examination.
With automated and AI invoice processing, enterprises can:
- Fasttack invoice operations
- Reduce mispayments, duplicates, and other manual hassles
- Improve financial accuracy
- Get real-time visibility into finance operations
- Build better vendor relationships
- Be audit-ready and compliant
Yes, our invoice automation solution can be seamlessly integrated with existing ERP systems, which unifies all financial data across systems in true real-time for effective operations.
To get in touch with SquareOne Technologies, visit our contact us page or schedule a call by clicking here.
