AI Invoice Processing
AI invoice processing uses machine learning and AI to improve your workflow. Rillion continuously learns how to code your invoices and makes suggestions to speed up the process.
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).
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.
With Rillion’s AI feature you speed up processing time and reduce manual effort.
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.
Less time scrolling or remembering codes
More accuracy with a reduction of manual errors
With Rillion’s AP automation software your organization can:
Rillion‘s AP automation services are trusted by banks and financial institutions in the US and Europe. Accreditation in the US includes SOC1, SOC2, HIPAA, GDPR, and PEPPOL.
Rillion is a configurable, modules-based solution available on-premise or in the cloud.
How is artificial intelligence used with invoice processing?
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 for invoice processing?
Artificial intelligence helps with the administration of financial data such as suggesting invoice coding or extracting data fields from vendor invoices.
How does AI invoice processing work?
AI invoice processing can perform tasks such as suggest coding for vendor invoices in the accounts payable process.
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