Invoice Automation

Accurate and efficient invoice processing to support business strategy

Optimize invoice processing for small- and mid-sized retail enterprises with seamless handling of diverse purchase and work order formats. Bolster cashflows, ensure precise billing, and minimize revenue leakages through streamlined and efficient workflows.

80%

Reduction in human effort

90%

Error reduction made during manual data entry

5x

Faster invoice processing

40 hrs

Efforts saving per months

Key Features

Revenue Optimisation

Employs IA tools to identify opportunities, revenue leakage and inconsistencies.

Text Classifier and Extractor

Uses OpenCV or Tesseract to pull up relevant data from both digital and manual invoices.

Channel Integration

Accesses incoming invoices from emails, sharepoint or shared systems.

Customisable Transactional Framework

Processes and extracts data invoices, stores relevant information in queues and updates downstream ERP systems.

Exception Handling

Automated expection handling with an option to assign complex scenarios for human supervision.

Data insights

Automated reporting for business and technical teams.

Customer Stories

Transforming Compliance Policy Management with GenAI

Discover how LatentBridge’s GenAI-powered solution enhanced accessibility and understanding of regulatory compliance policies for a large European financial services firm.

99%

Success in fetching contextualised information

Instant

Access to relevant information

Faster

Document search and compare

Customer Stories

Accelerating digital transformation with an Intelligent Automation CoE for a leading business process services provider

Established an Intelligent Automation Centre of Excellence (IA CoE) to scale automation initiatives across the organisation and meet business goals of customer experience, employee engagement, and process efficiencies. The IA CoE put together an automation roadmap by identifying the right automation candidates, an ROI maximisation framework, best practices for tools and methodologies, and the adoption of industry standards in processes and documentation.

30%

Reusable code was developed showcasing an extensible design philosophy

1.3X

Faster release cycle for new processes

2

Processes were automated in parallel as benchmark processes

Customer Stories

Increased efficiency of Accounts Payable for a leading industry organisation of merchants

Modernised Accounts Payable function with Robotic Process Automation (RPA) and AI-based solution handling more than 40000 invoices across about 100 merchants. A single intelligent automation framework was developed to enable automated extraction of invoice data, verification against purchase orders, making journal entries and communication exceptions with relevant teams.

95%

Accurate reconciliation of invoices

75%

Reduction in manual efforts

15%

Reduction in overdue payments

Customer Stories

Improved fee collection and revenues for leading wealth and investment adviser in the UK

Streamlined revenue and billing operations across more than 3000 clients and over 80 plan administrators by designing a centralised fee management and administration platform. The solution included an API-based ingestion of fee statements, automated fee receivables, matched it to statement data and flagged unmatched items, thus improving fee collection and improving business productivity.

80%

Fee management efforts automated

85%

Reduction in supervision efforts

65%

Real-time / on-demand Fee MIS & Analytics

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Icon - Elements Webflow Library - BRIX Templates

Insights