AI enabled AP automation
Machine learning and AI improves your workflow. It’s easy to use and the system learns by itself, with more accuracy with a reduction of manual errors. Bulletproof compliance control and minimal IT involvement.
Use AI to automatically extract data from invoices in various formats and streamline the approval workflow.
Analyze transaction patterns to identify anomalies with detailed audit trails, enhanced accuracy and reduction of manual errors.
Validate data and and assist in accurately coding invoices to the correct accounts.
Streamline the approval workflow by automatically routing invoices to the right personnel for approval based on pre-defined rules
Manage vendor information by analyzing payment histories, performance data, and risk factors.
The AI continuously learns and updates the model with the final coding and routing rules.
AI Coding for AP Automation
Typical account posting processes can take far more time and resources than expected, especially due to human error from accounting staff or suppliers.
Rillion’s AP Automation solution uses machine learning to optimize posting and routing tasks. Machine learning is a subset of Artificial Intelligence where machines perform tasks using Bidirectional Encoder Representations from Transformers (BERT).
What if your accounts payable (AP) team could spend more of its time on the things that matter most, and less time on manual, repetitive tasks? Such as keying invoice data, matching purchase orders and shuffling paper and emails.
That’s the promise of artificial intelligence (AI), adaptive, algorithm-based technology that automates tasks. Find out more in this whitepaper!
Rillion takes invoices in the historical archive and sends them to the Rillion AI Engine to build up a model of historical database of posting data.
The AI Engine starts to generate coding and routing predictions based on the customer’s historic invoice and coding data. The AI learns and updates the model with final coding and routing rules.
Rillion gets high user ratings for “easy to use”. AI makes it even better.
New employees get up to speed quickly because the system teaches itself.
Receive invoice data electronically – eliminate manual data entry.
Have invoice approvals that are automated with 1-click approval in email.
Less time scrolling or remembering codes.
With Rillion’s AI feature, you will minimize time required for accounting.
AI Coding – Trusted By Banks
Rillion is trusted by banks and financial institutions in the US and Europe. Accreditations in the US include SOC1, SOC2, HIPAA, GDPR, and PEPPOL.
Read more about AI Coding
We’re committed to solving your problems and making your job easier with our AI Coding solution.
The time required for implementation of Rillion One and Rillion Prime may vary, depending on the features you choose and the ERP system you’re using. Contact one of our experts today to schedule a demo.
As always, we’re with you every step of the way.
Rillion’s solutions integrate with many popular finance and business systems.
How is artificial intelligence used in accounting?
Accounts payable automation software uses artificial intelligence to assist with invoice coding as well as with the input of invoice data when the invoice data is extracted.
Why artificial intelligence is the future of accounting?
Artificial intelligence per se is not the future of accounting but can assist in automating manual tasks.
What are the advantages of AI in accounting?
Artificial intelligence can help with the administration of financial data such as suggesting invoice coding or extracting data fields from vendor invoices.
How does AI in accounting work?
AI in accounting can perform tasks such as suggest coding for vendor invoices in the accounts payable process.
Get started quickly
Automated handling of supplier invoices for small and medium-sized businesses looking to get started quickly.
Scalable solution
Electronic invoice management and purchase-to-pay for larger organizations with high demands on automation.
Find out for yourself how we can make your job easier!
Schedule a free consultation so that we can understand your needs and provide you with the best solution.
AP Automation for your
peace of mind- we got this.
