Infrrd for Invoice Processing Solution
Infrrd for Invoice is a packaged solution built on Infrrd’s powerful IDP platform. It can readily extract data from over 30 common invoice fields without any training required.
Why Infrrd for Invoice
Infrrd for Invoice is a packaged solution built on Infrrd’s powerful IDP platform. The solution is designed to accurately automate and optimize the processing of invoices that have high levels of variation.
Use Case
Global marketing firm processes invoices from vendors
Customer comments
“Infrrd helped us digitize and automate invoice processing which greatly improved our SLAs. The solution automation performance also allowed us to end our agreement with a BPO who was manually processing the invoices.”
Results
~50% reduction in processing costs. 60% reduction in manual workload on day one. High accuracy at field and line item level improving to > 90%.
Invoice Characteristics
Invoices from 1,000s of vendors, variations in format, vendor names, multiple services. Need to extract 24 fields and create two derived fields.
Solution highlights
Handles invoice variations with high accuracy. Scalable and extensible. Easy to configure and manage. Automated compliance checks.
