iKapture

Accounts Payable Automation

Toolspedia Rating:

(4.7)

Paid

iKapture is an AI-driven platform designed to revolutionize accounts payable processes. By leveraging artificial intelligence, machine learning, and natural language processing, it automates document data extraction, reducing manual effort and minimizing errors. This automation leads to improved cash flow monitoring and operational efficiency.

The platform seamlessly integrates with various Enterprise Resource Planning (ERP) systems through its API, ensuring smooth invoice operations.

iKapture’s intelligent document processing handles multiple formats, including PDFs, JPGs, and PNGs, from diverse sources. Its role-based access control and stringent authentication measures ensure secure and authorized usage.

Smart Access to Data Sources: Automated collection and classification of documents from multiple formats and sources.
Document Classification and Data Recognition: Utilizes AI/ML to identify and categorize various document types, such as tax invoices and credit notes.
Role-Based Access: Provides authorized users with specific access levels to view and perform operations.
Authentication: Offers centralized governance with single sign-on (SSO) and multi-factor authentication (MFA) for enhanced security.
Matching: Automates the matching process between purchase orders and invoices to minimize manual effort and pinpoint exceptions.
Non-PO Processing: Facilitates the handling of documents that are not pre-approved, providing flexibility for one-time or ad hoc transactions.
360-Degree Visibility: Offers comprehensive insights into the invoice lifecycle through reports, dashboards, and metrics.
Durusta – A Conversational BOT: An AI-powered bot designed to assist users by providing answers to their inquiries.
Fraud Detection: Alerts the accounts payable team about suspicious invoices using rule-based and AI/ML-based techniques.
Supplier Segmentation: Categorizes suppliers based on specific criteria to manage risk and establish better relationships.