Unstructured invoice data offers the firm with a set of challenges: making judgments without all essential data. Here's how you can overcome these challenges: https://aavenir.com/what-are-the-4-big-challenges-with-analysing-unstructured-invoice-data/

1. 4 Steps to Solve the Unstructured
Invoices

2. Challenges
● The Invoice Data cannot be analysed with conventional systems
● Unstructured Invoice Data keeps expanding
● Invoice Data is not Relevant
● Inaccurate & Inefficient Invoice Data

3. Steps to Resolve Unstructured Invoice Data
through AI
AI-ML is a specialized technology helps in better and more reliable identification of the
information in the invoice-
Stage 2: Provide Analytics for Extracted Content
Stage 4: Integrate and Monitoring
Stage 1: Collect Information
Stage 3: Approval for Workflow

4. #1 Collect Information
● Import any type of invoice from email, shared folder, or any other channel.
● Identifies, categorize, ingest data required for account payable workflow from
any invoice formats (PDF, EDI, XML, paper, etc.)
● Covering PO and non-PO invoices captured via scanner, e-invoice or
mobile-app

5. #2 Provide Analytics for Extracted Content
● Automatically match a combination of invoice, purchase orders, goods/services
receipt, quality check, vendor contract etc. using configurable tolerance
● machine learning extraction models, and unique parsing strategies, in other words
extracting structured field-level invoice data elements from image or document

6. #3 Approval for Workflow
● Eliminate manual validations and inefficient follow-up calls or long
emails.
● Execute on-time payments on ServiceNow powered flexible workflow
platform with rules-driven conditional approvals, complete audit logs
and alerts.

7. #4 Integrate and Monitoring
● Collect and share invoice data to multiple endpoint including
existing accounting and procurement systems built with SAP,
EMC, and any other CRM or ERP solutions using ServiceNow
Integration framework

8. Free Demo Session
Get a live demo of Aavenir Source to Pay solutions to know how Aavenir can address
your enterprise's unique business challenges and goals.
We provide live demonstration for following Aavenir S2P solutions:
● Contractflow - Contract Lifecycle Management on ServiceNow
● Obligationflow - Obligation Compliance Management on ServiceNow
● RFPflow - Request for Proposal Management on ServiceNow
● Invoiceflow - Account Payable Automation on ServiceNow
Visit: https://aavenir.com/demo/

9. Get Free Resources
Steps to transform
Accounts
Payable
Free Download
Vendor Risk
Management
Test Drive
Invoiceflow
PO v/s Non- PO
Invoice
Processing
Transforming
source-to-pay
Watch webinar
Free Demo Explore now
Explore Now

10. Delivering Future of Work
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