Key Solution Features:
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Intelligent automatic data extraction, validation and enrichment
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Header and line item data extraction
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Continual process automation with self-learning AI algorithms and analytics
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Bespoke email and approval workflows and multi-step process approvals
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Seamless integration and automatic export to ERP and Finance systems including Sage 50, SAP, Oracle, Microsoft Dynamics and many more
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Invoice splitting, duplicate checks and prevention
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Multiple currencies and languages
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VAT calculations
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Anomalies and exceptions sent for human validation and approval
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Secure document archive for easy access and compliance
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User-friendly and easy to install desktop application for multi-site and remote working
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):
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Verification of supplier details
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Matching invoice against POs
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2 – 3-way matching
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Date and currency conversion
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Internal approvals and payment terms
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External compliance
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Checks and measures including duplication, date validation and values add up to totals etc.
Human in the Loop
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.
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:
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.
Integration
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:
