Ingest
Intake of documents through sources such as Emails, Uploads, SFTP, etc.
Introducing the World's First NO TOUCH Invoice Processing with CDR Graph TechnologyTM
It makes document processing so unbelievably easy, we had to call it Magic Invoice.
Invoice Processing Challenges
In today’s increasingly complex world with multitude of industries and processes within them, there are several challenges that arise while processing an invoice.
Complexity: Industry specific invoicing: Invoice can be multi-line or multi-page depending on industries
Variations and Quality: Vendor variations of invoices and low quality makes it difficult to process
Buyer goes through: Delays in payment and duplicate of payments are routine problems that buyers face
Manual Errors - high degree of exceptions: Typically Invoice processing has a high degree of exception handling and is prone to manual errors
Risk of fraud: Loss of reputation and financially draining
High costs of processing: Cost of processing an invoice and training employees
Magic Invoice, a truly innovative invoice processing system with our proprietary CDR Graph Technology enables you to handle these challenges with ease.
The Magic Invoice Way: Email2ERP
A complete NO TOUCH Solution
Magic Invoice helps to streamline and automate the invoice processing journey. Invoices can be ingested directly from emails and accurate data capture powers the straight through invoice processing. The verification and approval process ensures that the invoice data matches with business data points and automatically routes to the right people at different stages of AP - Account Payable.
Magic Invoice APIs provide a seamless integration with ERP, CRM and other core systems making it a zero-touch system from email receipt to payment processing.
The core AI algorithms help address the complex scenarios like scanned quality issues, multi-page, multi-line table extraction and innumerable variations depending on the industry, business or type of expense.
CDR Graph Technology
Magic Invoice's CDR (Cognitive Data Relationship) Graph Technology is powered by 5 algorithms:
These algorithms make document processing so unbelievably easy that we simply had to call it Magic Invoice.
Contextual Quality Enhancer
Our proprietary AI model enhances quality of the documents across multiple quality parameters allowing better extraction accuracy and document coverage
Contextual Document Identifier
Our proprietary AI pipeline to intelligently improve, classify/identify invoices from the incoming documents across various formats and quality standards
Contextual Document Capture
Provides an ensemble of AI pipelines to comprehend and capture entities across images and text from visually rich Invoices with highest accuracies, going beyond template based OCRs and rule based RPAs
Contextual Table Detection
Our purpose built deep learning model is trained on various table structures and complexities to provide Multi-Page, Multi-Line capture of table data critical to power the last mile success across various Invoice user journeys
Contextual Document Object
Provides capabilities to build contextual visual segments and identify the nature of semantic and hierarchical relationships between the entities and help define the normalised document schema for consumption
Presenting the Magic Invoice Edge
Automated Process
An intelligent solution to fully automate manual, error-prone data entry processes
Scalable Solution
A highly scalable solution to significantly improve processing time, speed and costing
Eliminate Errors
Automation of accounts payable to eliminate payment errors and late payments
Operational Efficiency
Operation costs reduced by 60% along with real-time processing of invoices
Faster Processing
Improve efficiency by reducing invoice processing time by 80%
Human in Loop Capability
With human in the loop operation, it ensures systematic exception handling which reduces errors and optimises human efforts
The Magic Under the Hood
Excellence that is powered by the magic of our capabilities
Classify
Contextual identification of invoices amongst various types of documents
Capture
Intelligent and relevant data extraction from the invoices at an entity level, using AI-ML
Verify
3 way match of captured data with purchase data (P.O, GRN)
Approve
Invoice approval setup with configurable approval hierarchy
Integrate
Seamless integration with downstream consuming system via APIs
Underlying DOC2API platform
An AI powered, cloud-native intelligent document processing platform
Doc2API captures contextual information from unstructured and semi structured documents. It leverages AI technologies like Computer Vision, ML/Deep learning, NLP to classify, capture, validate, and enrich information from a wide variety of documents across a variety of use cases, business functions and industry verticals.
Doc2API, as the name suggests provides consumable APIs for the document type trained through the platform.
Magic Invoice is powered by the Doc2API platform and its associated capabilities.
Ready when you are!
Connect with us and schedule a product demo.
