The finance operation within a business, especially that of an Accounts Payable (AP) team carries a high level of responsibility to ensure invoices are correct, approved and paid on time. Yet the tasks carried out by the AP Clerks are time-consuming, repetitive and sometimes error-prone.
With inSTREAM™’s IPA, these tasks can be streamlined through automation, delivering a smarter, more efficient process, reducing the amount of manual effort required, improving processing time and reducing cost.
"Celaton exceeded our expectations. An average 74% reduction in transaction costs and £1.45 million operational savings in 12 months."
inSTREAM is able to process all invoices regardless of how they are received including paper (post), email and attachments, fax and EDI. It is able to read and process all formats, structured, semi-structured and unstructured ensuring all invoices you receive follow a single process through inSTREAM
inSTREAM extracts any key data required including supplier information, product descriptions, PO number, invoice number, Net, VAT, Gross Values, date, etc.
Once inSTREAM has extracted the data it is able to carry out further tasks to validate data including (but not limited to):
Verification of supplier details
Matching invoice against POs
2 – 3-way matching
Date and currency conversion
Internal approvals and payment terms
Checks and measures including duplication, date validation and values add up to totals etc.
"The real differentiator for me is inSTREAM’s ability to deal with a hugely complex environment. Because of inSTREAM we can deal with thousands of travel documents, from every country in every language."
As an AI platform inSTREAM requires human interaction to learn. Through an easy to use Graphical User Interface (GUI) inSTREAM collaborates with the AP team or who teach it where to find key information. inSTREAM learns from every document it processes, therefore as the volume of invoices processed increases, its confidence and accuracy improve and the amount of interaction needed with humans decreases, enabling employees to focus on the complex, value-based tasks.
Reporting & Dashboards
inSTREAM’s dashboards and reports provide organisations with visibility of processes and people enabling monitoring of costs, quality, capacity and productivity leading to greater control. inSTREAM provides analytics and insights into:
Data audit trails
All information is kept within a secure environment, with appropriate access granted. InSTREAM provides organisations with a simple and powerful way to bring together documents into a secure repository and create reports for management information.
Full visibility of processes enables organisations to be fully GDPR compliant. Celaton is an ISO 27001:2013 certified organisation ensuring your data is protected. Celaton is certified as compliant with ISO 27001:2013 which is globally recognized as the premier information security management system (ISMS) standard. Celaton achieved certification by developing and implementing a comprehensive Information Security Management System (ISMS).
inSTREAM has a wide variety of integration capabilities to ensure that all information is validated, verified and delivered to business compliant systems. Some examples include: