An efficient purchase-to-pay (P2P) process forms the basis for any agile, competitive organization. However, complexity, along with a high proportion of manual processing, can lead to several issues such as a likelihood of errors, long processing times, high processing costs, and poor supplier relations.
Insiders‘ solution portfolio tackles those pain points for customers with AI-driven data capture, touchless processing, automated workflows, or response management solutions – see how AI can empower your P2P process!
Enhanced goods receipt and Accounts Payable processes
Enhanced cash flow management
Enhanced supplier management
enhanced process control
Automated Accounting at MAN
The accounting department of MAN Truck & Bus AG received around 345,000 paper invoices, which were mostly processed by hand. The employees dealing with the invoices had to look up information about creditors and enter the invoice data needed for the downstream SAP-based workflow manually in SAP. This resulted in high costs per processed invoice
International Invoice Processing at BSH
1.6 million invoices per year – sites throughout the whole of Europe and the rest of the world – different spoken and written languages – various currencies and special country-specific considerations. These were the requirements that BSH Bosch und Siemens Hausgeräte GmbH, Europe’s largest and one of the world’s leading manufacturers of household appliances, had for modern and sustainable invoice processing.
Offers, order confirmations, delivery notes, invoices, or other payment documents: The Insiders service offering can process your incoming documents along the whole P2P-chain – all AI-based and done automatically.
Checking, approving, monitoring, and controlling all incoming invoices in your ERP system has never been easier than with Insiders’ intelligent invoice ledger.
Automate your vendor communication with Insiders’ response management solutions. Providing quick and easy interactions it will take your supplier management to the next level.
Our pre-configured and pre-trained P2P services offer you out-of-the-box solutions that you can easily roll out within your organization – or beyond. For both direct customers and business partners, we provide everything needed to leverage the Insiders solutions, boost synergies, and grow your market potential. The sky is the limit!
Whether cloud-first or on-site, our P2P solutions use state-of-the-art AI technologies to enable outstanding performance. Integrate them for one specific use case, or equip the whole process chain – you choose we deliver!
Our AI learns from every interaction. To steer your P2P organization towards maximum efficiency, we offer you full transparency on process KPIs such as processing times, workload distributions, service quality, or touchless rates. Automation becomes more visible than ever before!
SMART INVOICE – BOOSTING EFFICIENCY IN AP
smart INVOICE is our flagship product for automated invoice processing. It instantly captures and validates all relevant invoice data and re-routes any missing, unreadable, or inconsistent information to a human verifier (“human-in-the-loop”). Thanks to powerful learning algorithms, no system adjustments or tedious training tasks are required. smart INVOICE allows you to export structured data from the invoice into any process automation, accounting, or ERP system.
Processes (and distinguishes) invoices, credit notes
and payment reminders
Captures more than 50 header and line items – out-of-the-box
Differentiates between invoices with and without the order reference
Automatically detects invoice attachments
Matches data based on top-down and fuzzy search algorithms
Checks against purchase order and goods receipt data and identifies quantity or price differences
Applies mathematical and logical checks on the extracted invoice data
Facilitates automated compliance checks
Offers user-friendly web-based GUI optimized for swift verification
Whether it comes to order confirmations, delivery notes, or payment advice notes – we offer standardized solutions for all kinds of P2P documents. Support of international e-invoicing standards? No problem! Let us know your requirements and be surprised by what we can offer your business out-of-the-box.
Whether it concerns the status of their invoice payment, unexpected delivery delays, or incorrect documents – supplier inquiries can consume up to one-quarter of your employee‘s capacity. Automate your vendor communication with our AI-empowered response management solutions. Allow quick and easy interaction across all kinds of communication channels or leave the communication to a chatbot. Your employees and suppliers will love it!
Value added by smart Tools
Automated process monitoring, SLA tracking, backlog or workload distribution – Insiders equips you with all the Business Intelligence tools you need to get the most out of your automated processes. Get to know our intuitive interfaces, discover root causes in seconds and see how your adjustments develop over time. Full visibility placed in your hands!