Lower your costs and simplify critical business processes
Intelligent applications in AP automation go beyond simple tasks, using AI and machine learning to understand invoices, handle exceptions, and even suggest actions. This translates to faster processing, fewer errors, better decision-making, and ultimately, a smoother, more efficient financial operation.
Corcentric Intelligent Applications
With Intelligent Applications, we support your digitization journey by transforming outdated finance processes—so you can achieve real-time data visibility, optimized processing time, and reduced operational costs.
Through our AI-powered technology, you gain visibility into the full processing cycle through “one source of truth”.
Intelligent AP Automation
Our Intelligent AP Automation solution sets your business up for success by increasing AP speed, efficiency, and productivity with intelligent data capture to maximize accuracy and decrease costs. Through artificial intelligence and machine learning, Intelligent AP Automation minimizes your workload, reducing AP processing time from days to minutes.
- Document management: Identify, split, and rename documents, in real-time, across a fully automated process.
- Process optimization: Increasing speed and visibility at every stage, AI accurately identifies discrepancies and anomalies, and automatically codes invoices—with minimal human intervention.
- Straight-through processing: Reduce processing time through detailed line-item extraction, two- and three-way matching, and double verification.
Meet Gopher, Our Intelligent Assistant
When you need to know, you need Gopher! Our Intelligent Assistant leverages AI to automate complex business processes, empowering you to make more informed decisions from anywhere, at any time. With key information right at your fingertips, you can collaborate seamlessly across your organization and take action while on the go.
- Natural Language Processing: Save time and reduce training needs by interacting with Gopher in plain statements and questions.
- Flexibility: Access data and keep workflows moving while on the go through conversational interactions on Microsoft Teams—without ever logging into the platform.
- Adaptability: Custom knowledge base configured to your company’s most asked prompts and data retrieval needs.
See how AI impacts the cost of processing a single invoice:
$13
Manual data entry
SOURCE: AIIM AP & P2P REPORT
$4
Template based OCR
SOURCE: MAX PALMER, DUE
<$1
Combined AI data capture
SOURCE: CORCENTRIC AI EVALUATION
“Unlike a chatbot, it is a two-way assistant that sends notifications in Teams to remind us of our tasks to do. As the Assistant improves, we discover new use cases. This is what will differentiate a classic chatbot from a real smart tool that brings added value to our teams.”
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