CoreIntegrator Workflow

Additional features

Intelligent Character Recognition (ICR)

This is a more advanced form of Optical Character Recognition (OCR). While traditional OCR simply converts images of text into machine-readable text, ICR goes further by recognizing different fonts, handwriting, and even variations in document layout. This leads to more accurate data extraction, especially from complex invoices.

Intelligent Data Capture (IDC) with machine learning

IDC builds upon ICR by using machine learning algorithms to learn and improve the data extraction process over time. The system learns from its mistakes and adjusts its algorithms to increase accuracy with each processed invoice. This is a crucial differentiator as it means the system becomes more efficient and requires less human intervention over time.

Touchless PO processing

This refers to the automation of the entire PO-based invoice processing workflow, from invoice receipt to payment, without any human intervention (in most cases, up to 93% according to their claims). This includes automated matching, approval routing, and payment processing.

Automated invoice approvals (workflow automation)

A/P One allows users to define custom approval workflows based on various criteria, such as invoice amount, vendor, or department. Invoices are automatically routed to the appropriate approvers, streamlining the approval process and reducing delays.

Automated payment of approved invoices

Once an invoice is approved, A/P One can automatically initiate payment through integration with payment systems or banks. This eliminates manual payment processing and reduces the risk of late payments or errors.

Real-time analytics and reporting on AP operations

A/P One provides dashboards and reports that give real-time insights into key AP metrics, such as invoice processing time, payment status, and spending trends.

Cash flow management insights

By providing visibility into payable operations, A/P One helps businesses better manage their cash flow, optimize payment terms, and capture early payment discounts.

Fraud detection mechanisms

A/P One includes features to detect potentially fraudulent invoices, such as duplicate invoices, suspicious vendors, or unusual payment amounts.

Compliance tools

The system helps businesses comply with internal policies and external regulations related to accounts payable.

SOC 2 compliance

SOC 2 (System and Organization Controls 2) is an auditing standard that evaluates an organization's controls related to security, availability, processing integrity, confidentiality, and privacy. Achieving SOC1 2 compliance demonstrates2 a commitment to data security and operational excellence.