Empower your accounting team with transparency and control over finances by deploying Newgen’s accounts payable invoice automation solution, built on a low code digital transformation platform—NewgenONE. Maximize your return on investment by leveraging this AI-powered solution, which can capture, classify, validate, match, approve, manage payment, and archive different types of invoices, irrespective of the source, format, language, or region. Ensure adequate compliance adherence with the service level agreements and changing government regulations. Integrate your standard operating procedures with the solution to maximize straight-through processing of transactions and ensuring first-time-right.
Features of Newgen Accounts Payable Automation Software
Invoice Processing
Multi-channel capturing of invoices
AI-powered classification of invoices
Multi-engine extraction of invoices
AI-powered de-dupe checks
Image-assisted validations and fuzzy matching
Exception and payment management with dynamic approvals
Built-in rules for touchless processing of invoices
Seamless communication and query management with vendors via the portal
Strict adherence with local and global laws & regulations
Payment Processing
Seamless bulk payment for single/multi-vendor invoices
Easy pre-scheduled payments
Auto knock-off advance payments and credit notes
Instant updates for vendors regarding payment status with reference details
Brands using NewgenONE Platform
