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What is InvoiceAction?

InvoiceAction is a cutting-edge software solution aimed at automating the accounts payable process by effectively capturing and processing supplier invoices. It skillfully extracts pertinent information from incoming invoices, applies validation rules, and aligns them with purchase orders and receipts while guiding them through review and approval stages. Teams are equipped to manage exceptions, assign invoices to the general ledger, detect duplicate entries, and prepare transactions for posting within an ERP system. Moreover, InvoiceAction boasts extensive reporting capabilities for both invoice and accounts payable workflows, coupled with customizable approval workflows and smooth integrations with accounting and ERP platforms. Its functions include optimizing the invoice intake process, reducing manual data entry requirements, enhancing collaboration during approvals, and providing increased visibility into payables across finance and accounts payable teams. Ultimately, InvoiceAction plays a pivotal role in boosting operational efficiency and precision in the handling of supplier invoices, making it an invaluable asset for businesses. By streamlining these processes, organizations can focus more on strategic initiatives rather than manual tasks.

What is Infosys BPM?

The APOC platform was designed with a modular architecture that incorporates various components such as OCR, workflows, and a matching engine. It enables seamless integration out of the box and offers alternative methods for invoice reception beyond traditional paper formats. The platform's OCR capability facilitates automatic data extraction at both line and header levels, promoting a touchless approach to invoice processing, as well as automated two- and three-way matching. Additionally, the integration of AI and machine learning enhances account coding for non-PO invoices and implements multi-parameter checks for duplicates, resulting in quicker and more precise supplier payments. Users can leverage flexible workflows to manage approvals, handle exceptions, and utilize a customizable approval matrix to align with diverse customer needs. Furthermore, the platform delivers actionable insights into the payables process and is equipped with a built-in analytics engine, enhancing decision-making and operational efficiency. This comprehensive approach ensures that organizations can optimize their financial operations effectively.

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Integrations Supported

Acumatica Cloud ERP
ArtsylPay
ClaimAction
IFS
Microsoft Dynamics 365
NetSuite
OrderAction
QuickBooks Online
SYSPRO ERP
docAlpha

Integrations Supported

ABBYY Mobile Capture
Appway Digital Banking
Guidewire
IBM Apptio
Kong Mesh
LivePreso
Majesco
Syniti Data Matching

API Availability

Has API

API Availability

Pricing Information

Pricing not provided
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS
On-Prem

Supported Platforms

SaaS
iPhone
iPad

Customer Service / Support

Web-Based Support

Customer Service / Support

Not specified

Training Options

Webinars
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

Artsyl Technologies

Date Founded

2002

Company Location

Canada

Company Website

www.artsyltech.com/solutions/InvoiceAction

Company Facts

Organization Name

Infosys BPM

Date Founded

2002

Company Location

India

Company Website

www.infosysbpm.com

Categories and Features

AP Automation

Not specified

Categories and Features

Accounts Payable

Not specified

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