Introducing InvoiceNOW

Advanced digital platform for superior user experience

A platform that combines Optical Character Reading (OCR), Machine Learning (ML), Blockchain, Robotic Process Automation (RPA) and ChatBot technologies to provide an end-end invoice processing capability.

The modular design allows an enterprise to leverage best-of-breed technologies to suit their specific requirements.

Optical Character Reading (OCR) involves examining the text of a document and translating the characters into code that can be used for data processing. OCR is sometimes also referred to as text recognition. OCR is used to extract invoice related data such as Invoice Number, Invoice Date, Invoice Amount, etc from a file

Machine Learning (ML) is the use of algorithms and statistical models that computer systems use to effectively perform a specific task without using explicit instructions. This allows the system to harmonize the inconsistencies and anomalies in the extracted data.

Blockchain technology is a decentralized, distributed and public digital ledger that is used to record transactions so that any involved record cannot be altered retroactively, without the alteration of all subsequent blocks. Invoices held in Blockchain should find it much quicker to process the invoices and paving way for secured invoice financing.

Robotic Process Automation (RPA) technology mimics human action thereby allowing to eliminate human activity such as entering invoice data into an ERP system, reconciling and validating invoices, etc

A chatbot is a conversational interface that can be used to interact with the systems to get information. Chatbots use Natural Language Processing (NLP) capabilities to establish the intent of the query and provides specific answers. Users, both internal teams and suppliers, can use Chatbot to get information related to the invoices number of pending invoices. total amount payable, invoice status are some of the examples.

Digital technologies designed for ease of use

We deliver straight-through automation. Invoices can be collected from designated email accounts or shared folders for processing. Create timed triggers or set an instant processing flag so that invoices are read and processed by following set business rules and uploaded into the ERP system. This makes the processing and reconciliation easier, eliminate manual effort and errors. The invoices are stored in Blockchain and uses RPA to upload the invoice data into the ERP systems. The Chatbot interface can be used to get information related to the invoices.

Performance to rely on

We have a proven scaling model to support your requirements. The platform is designed to handle millions of transactions and can be deployed both as an in-premise or Cloud-hosted solution. All backed by industry-leading Service Level Agreements (SLAs) and dedicated support.