For a Fortune 500, purchase-to-pay operations cost tens of millions per year. This mostly manual process is slow and error prone. As a result, companies can miss early payment discounts, and lose significant AP spend avoidable payments like duplicate or fraudulent invoices.
Hypatos supports all document types in purchase-to-pay process:
Documents are ingested into Hypatos. We are able to handle a broad variety of sources such as Mail, RPA, Scans, Xml, DMS and many more.
Extract, understand & structure data, and allow human-in-the-loop for approval of the data. With continual learning, the AI models learn from previous document processing to improve future processing.
Once information is extracted and validated from documents, Hypatos AI leverages historical data in your systems to assign coding to the document to process the document further in the workflow, e.g. ledger accounts
With Hypatos your P2P documents will benefit from AI to:
Significantly reduce cost to extract and process documents
Remove bottlenecks and enhance resilience
with AI
Transition teams to focus on higher-value tasks by reducing manual extraction
Leveraging Hypatos does not only improve accuracy; it also improves number of variables you extract
