Nullify the redundant processes of manual bill payments and save tremendous time of Accounts, Administration and any other Business teams involved in billing
Bill Payments Automation is designed to automate hundreds of steps involved in bill payments, right from classification of bills to paying bills accurately.
As a result of automating bill payments, organizations can save thousands of hours from manual billing management
and reduce unnecessary expenditure on unwanted fines or inaccuracies.
The solution also drastically reduces the workload from Accounts Payable teams by automating AP processes and mass payments
while managing multiple currencies, global payouts and multi-entity payments seamlessly.
Major Challenges for Administrative and Finance Departments Resolved by Billing Automation
Invoice Collection
Collecting Invoices from different sources with different timelines can be a daunting task. Bill Payments Automation automatically detects invoices from sources like Emails and Portals to automatically make an entry in your AP data.
Capturing Invoice Elements
An invoice has multiple elements like Invoicer Name, Invoice Amount, Bill Date, and Payment Due Date. The Platform automatically scans the invoice from multiple formats of documents like PDFs, Images and Documents Sheets to capture these elements using the world-class OCR technology.
Invoice Treatment
While the Invoicee receives timely invoices on emails, they must perform multiple processes of invoice allocation, categorization, distribution across departments with accurate General Ledger Codes (GL Codes). Bill Payments Automation solution performs these tasks without a glitch and takes away the hassles of any manual invoice treatment process.
Manual Data Aggregation
When capturing the invoice details can be a mountainous task itself, manual data aggregation for analyzing your AP processes adds to that stress. Bill Payments Automation captures data with 100% accuracy and delivers it to your Business Intelligence (BI) reports seamlessly, making you focus on accurate analysis, rather than AP processes.
Bill Payments Automation Process
Features of Bill Payments Automation
About Data Semantics
Data Semantics is one of the industry leaders in providing Automation and Business Intelligence services for the past 7 years. They are official partners with UI Path, Automation Anywhere and Blue Prism to deliver automation services to global enterprises all across the globe.
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