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.

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

Complexity: Industry specific invoicing: Invoice can be multi-line or multi-page depending on industries

Variations and Quality

Variations and Quality: Vendor variations of invoices and low quality makes it difficult to process

Buyer goes through

Buyer goes through: Delays in payment and duplicate of payments are routine problems that buyers face

Manual Errors

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

Risk of fraud: Loss of reputation and financially draining

High costs of processing

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
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
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
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
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
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

Automated Process

An intelligent solution to fully automate manual, error-prone data entry processes

Scalable Solution

Scalable Solution

A highly scalable solution to significantly improve processing time, speed and costing

Eliminate Errors

Eliminate Errors

Automation of accounts payable to eliminate payment errors and late payments

Operational Efficiency

Operational Efficiency

Operation costs reduced by 60% along with real-time processing of invoices

Faster processing

Faster Processing

Improve efficiency by reducing invoice processing time by 80%

Human in Loop Capability

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

Ingest

Ingest

Intake of documents through sources such as Emails, Uploads, SFTP, etc.

Classify

Classify

Contextual identification of invoices amongst various types of documents

Capture

Capture

Intelligent and relevant data extraction from the invoices at an entity level, using AI-ML

Verify

Verify

3 way match of captured data with purchase data (P.O, GRN)

Approve

Approve

Invoice approval setup with configurable approval hierarchy

Integrate

Integrate

Seamless integration with downstream consuming system via APIs

Underlying DOC2API platform

An AI powered, cloud-native intelligent document processing platform

Doc2API

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!

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Magic Invoice

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