PIGEON-iVIPS is an omnichannel “Intelligent Vendor Invoice Processing System” designed with important attributes of current & post COVID-19 scenarios in mind.
Manually handling Account payable activities like generating invoice receipts, validating data, processing, and payment makes the overall workflow very time-consuming and prone to human-errors. This activity directly affects the bottom line of a company and requires a very efficient and error-free solution.
With PIGEON-iVIPS, the business can decrease the invoice cycle time, reduce the cost per invoice, perform thorough market research, and negotiate with the vendors, and maintain a good relationship with the suppliers. Overall, it provides an integrated approach for vendor management exploiting cutting-edge technologies of AI and RPA.
Reduce Manual Efforts by 80%
Faster Approvals from weeks to days to hours to minutes
Faster Payment Processing from months to weeks
Improve Business Efficiencyby re-deploying the workforce to higher-value activities
PIGEON iVIPS stores the vendor data in the cloud network. Using OCR and AI technology, it reads the receipts digitally and collects the information required. It then analyses the data and proceeds for publishing and payment for the vendors as per the intelligence gained over a while.
A business can get the best possible deal with the suppliers and the Vendor Management system can be digitally transformed. Using an integrated approach, a virtual bot can assist the system and direct complex transactions to the manual workforce reducing the overall burden on humans.
This integrated approach not only saves time but is a very cost-effective process for the business.
With the PIGEON Automation platform, a business can integrate all the workflows and work must faster to improve the efficiency of the overall business. Instead of using Bots for individual activities or automating a small functionality, using an integrated automation platform like PIGEON will save a lot of time and effort.
Talk to our expert and see how you can get started.