Biggest Challenges in Accounts Payable Processing

Accounts Payable (AP) processing is the backbone of financial operations for all organisations. But it can become quite complex, and these complexities vary based on the organisation's size, industry, technology usage, and other contributing factors.

Introducing iAPX


iAPX is the world’s most comprehensive, AI-powered accounts payable platform with CDG (Cognitive Data Graph) Technology. The technology is powered by twelve global patented algorithms that make our platform eliminate duplication and discrepancies by up to 98%.

iAPX leverages artificial intelligence to transform traditional invoice processing, automating time-consuming tasks with unprecedented accuracy and efficiency. By seamlessly ingesting, classifying, extracting, categorizing, and processing invoice data, we streamline the entire Accounts Payable workflow, reduce manual errors and significantly accelerate payment cycles & vendor satisfaction. The solution adapts to evolving business needs, offering real-time insights, customisable reporting, and scalable automation.

iAPX's Triad for Transformation


Effective end-to-end invoice process management

Save time and resources by automating your workflow and simplifying invoice management with advanced tools

Optimise cost to bring transaction transparency

Ensure vendor accountability, invoice transparency, purchase tracking, cost control measures and optimised payments with an effective approval matrix

Ensure compliance and mitigate the risks

Stay compliant with regulations and policies. Establish approval processes and maintain a clear audit trail for transparency and accountability

Why iAPX?



ERP Integration Made Easy

iAPX is adaptable and scalable, capable of accommodating various environments and use cases. It seamlessly integrates with any ERP or accounting solution, ensuring a smooth and streamlined transition for your organisation

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User-Friendly Interface

Our intuitive UI/UX design provides a user-friendly experience, facilitating quick adoption and minimal training for your team members

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High-Accuracy Field Confidence Score

With our field-level confidence scoring, iAPX ensures unparalleled accuracy by meticulously extracting data while reducing errors and enhancing efficiency

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Deep Analytics Dashboard Access

Gain actionable insights through our comprehensive analytics dashboard, empowering data-driven decision-making for optimised AP processes

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Exponential Cost Savings

iAPX is intelligent, accurate and fast. Experience exponential cost savings by streamlining and automating your accounts payable processes with iAPX

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Intuitive Document Classification

Automate document classification to swiftly and accurately identify invoices from a diverse array of documents, saving time and resources in the process of document sorting and management

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Benefits of iAPX

A stellar AI-powered vendor invoice management solution with unmatched capabilities

AP Process
Efficiency

    Automates invoice processing by reducing manual efforts and increases efficiency with data validation

Precision and
Speed

    Boost efficiency and accuracy by eliminating duplicate invoice processing. Bundle multiple invoices and handle supporting documents for approval

Targeted Industry
Solution

    Tailored for medium to large enterprise organisations focusing on manufacturing, logistics, government, shared services, insurance and banks

Fraud
Mitigation

    Reduce fraud risks by implementing smart duplicate, complaint checks and payment integration with the ERP

Seamless ERP
Integrations

    Strong integration capabilities, through multiple modes, seamlessly integrate with any ERP like SAP, Oracle

Intelligent
Insights

    Provide smarter insights for proactive intervention to enable end-to-end process management and automation

Continuous
Improvement

    Improve process efficiency and operational effectiveness with continuous learning and improvement features of iAPX

Scalable
Solution

    This cloud-native solution is highly scalable and robust, ensuring continuous availability and smartly handling peaks & turfs

Faster
ROI

    iAPX brings a faster ROI, with post-go-live valuation achieved within the first year

HOW DOES iAPX WORK?

01

iAPX Email box

The easiest way for your suppliers to send invoice documents to the iAPX email box without any intervention from the finance team. Our classification model will classify invoices from the attachments and filter the documents to be sent for further processing

02

AI Invoice Processing

An intelligent way to contextually capture all the relevant information from single and multi-page invoices from the list of pre-trained fields. The contextual quality enhancer will enhance the quality of the document against blur, skewness, background noise, etc.

03

Validation & Approval

iAPX differentiated proposition to take the last mile approach with regulatory business checks, 2-way PO match and approval workflow. The multi-hierarchy approval workflow is configurable to varying customer needs and brings much-needed traceability

04

Human in Loop

An intuitive user interface for the AP users to perform data quality checks during exceptions, build e2e traceability to each transaction while the AI super charges the processing of each transaction

05

Open API

In a world filled with increasing process complexity and specific use cases across various domains, we want to provide customers with the flexibility and trust to integrate iAPX with the ERP of their choice

UNDER THE HOOD

12 Patented Algorithms

Our CDG (Cognitive Data Graph) Technology has at its core 12 globally patented algorithms that clearly differentiate iAPX from others available within the industry. 12 algorithms enhance the entire process, resulting in high quality and eventually cost efficiencies.

01

Contextual Document Identifier (CDI)

02

Contextual Quality Analyzer (CQA)

03

Contextual Quality Enhancer (CQE)

04

Contextual Document Splitter (CDS)

05

Contextual Document Capture (CDC)

06

Contextual Table Detection (CTD)

07

Contextual PO Invoice Matching (CPM)

08

Contextual Invoice Expense Categorisation (CIEC)

09

Contextual Line item Expense Categorisation (CLEC)

10

Continuous Feedback & Learning (CFL)

11

Contextual Anomaly Detection (CAD)

12

Generative Invoice Q&A (GIQ)

What do you do with Accounts Payable Processing Challenges?

At iAPX, we set a Contemporary Context to technology. We don't see technology as a set of tools or systems but as an integral part of human experience.

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Explore resources, webinars, events, news, and AP insights

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Transform Accounts Payable Processing to the Next Level!

Make document processing unbelievably easy with iAPX. Schedule a demo to experience quick invoicing.