Eliminating manual data entry with intelligent document processing. This guide covers ocr and ai-powered invoice extraction, automatic 3-way matching, exception handling workflows, and more.
OCR and AI-powered invoice extraction
AI Invoice Processing
# DRIVE Operational Excellence For Finance & Administration
F & A TRANSFORMATION FRAMEWORK.
Automatic 3-way matching
Automatic 3-way matching is a core capability within Predictiv, designed to streamline operations and improve visibility. The implementation follows best practices while remaining configurable to meet your organization's specific needs.
Exception handling workflows
Underinvestment in Technology: ERP and automation solutions may not be updated regularly, or fully implemented, limiting the ability to streamline workflows.
Integration with AP automation
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1. The objective is to significantly improve operational efficiency, reduce costs, and promote value creation within the Finance function. Our Framework draws on recognised best practices, including Lean Management, Six Sigma, and the principles of Hyperautomation (encompassing Robotic Process Automation, Artificial Intelligence, and advanced analytics). Typical ROI can range from 100–300% over 2–3 years, with a payback period of 6–18 months, depending on the scope and complexity of the initiatives. This proposal outlines:
- Principles and Benefits of Lean Management, Six Sigma and Hyperautomation
- The DRIVE Framework and how it will be embedded within your Finance function
- Expected Benefits and Benchmarks, including cost savings, process efficiency, and staff rebalancing
- Challenges and Success Factors in adopting the Framework
- Commercial Proposal based on a fixed fee, plus variable fee based on the number of hours saved through this initiative
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Getting Started
To implement automated invoice processing using ai in your Predictiv environment:
1. Assess your current state - Review existing processes and identify improvement opportunities
2. Configure the module - Work with your implementation team to set up the required components
3. Train your team - Ensure users understand the new capabilities and workflows
4. Monitor and optimize - Track key metrics and continuously improve
Related Resources
For more information on related topics, explore our other guides in this collection.
Need Help?
Our team of experts is available to help you get the most out of Predictiv. Contact us to discuss your specific requirements and how we can help you achieve your goals.