Invoice processing
Errors that become expensive? Not with us. ExB’s IDP platform automates the processing and approval of your invoices, not only speeding up your processes, but also minimizing errors and improving cash flow.
Here's how ExB processes and approves your invoices
Whether it’s an incoming invoice, order confirmation, credit bill or delivery bill – in the financial world, the invoice processing and approval process is one of the most important tasks. No wonder, because matching invoices with the corresponding purchase orders and releasing them for payment has a high potential for errors and can lead to payment delays, discrepancies and, in the worst case, financial losses.
Hand this error-prone task over to our AI and let ExB process your invoices completely automatically. How does it work? Our IDP platform reads and analyzes incoming invoices completely automatically. It recognizes relevant information (such as invoice number, amount, vendor data, and item) and matches this data with the corresponding purchase order data. If the data matches, the invoice is automatically approved for payment, while if there are discrepancies, the invoice is forwarded for manual review. This all happens in real time, so invoices are processed extremely quickly and efficiently.
Your advantages with ExB
The automated processing of invoices through an IDP platform offers numerous advantages – both for your employees and for the entire company.
Time savings
Automated document classification and routing significantly reduces manual effort, saving valuable work time.
Error minimization
Errors are human – and can be significantly minimized when processing documents using an AI-based IDP platform.
Security
Data protection and data security is a top priority for us, so your documents are protected in the best possible way at all times. Better safe than sorry.
Shortened response time
AI-driven management of your inbox makes the document management process extremely fast, resulting in shortened response times to customer inquiries (or other business needs).
Optimized workflows
ExB's IDP platform allows you to better organize and track documents. The result? Streamlined workflows and increased productivity.
Compliance
By automatically capturing and archiving all incoming documents, compliance with regulatory requirements and internal policies is guaranteed.
Four document types we process the most
Our AI-based IDP platform can process any type of document, but to give you a better understanding of exactly what that looks like, here are the 4 most common document types when processing invoices.
Incoming invoices
We process your incoming invoices completely automatically. These are the main documents in the invoice processing process. They contain all relevant information such as invoice number, amount, supplier data, item descriptions and prices.
Processing of invoice documents in any industry
Want to know if automated invoice processing will work in your industry? The answer is yes – because our AI-based platform helps you manage all your documents, regardless of the industry.
Delivery documents, maintenance reports or quality assurance files – our IDP platform transforms data-rich documents into valuable insights.
Our IDP platform enables transportation and logistics companies to better track and trace shippings, to optimize supply chains and to make informed decisions, leading to increased profitability.
We offer customized solutions specifically for the retail industry, using our IDP platform to process documents such as vendor invoices, inventory reports, and even customer feedback forms.
With our long lasting IDP experience in the insurance industry, we easily automate your processes so that you are able to make informed decisions faster and more accurately.
Improved patient care, more efficient workflows, and faster decisions - our IDP platform is revolutionizing healthcare.
“Thanks to ExB’s software, we were able to master the challenges of document processing in the logistics sector. The automatic assignment of order documents and the generation of instructions for our employees have significantly simplified and accelerated our processes.”
“ExB’s advanced technology enabled us to not only overcome AGILA’s challenges in animal health insurance, but also to provide added value. The high precision and automation of ExB’s AI extraction was a key factor in this.”
“When it comes to innovation, we’ve come to see ExB as the thought leader in AI and IDP, and a valuable sparring partner capable of championing the key strategic role of ML and automation.”
“Thanks to the collaboration with ExB, we have been able to tremendously optimize our email processes in conjunction with our procurement system. It is as if we have received a digital extension of our team, working tirelessly and accurately.”
endless possibilities.
ExB is an Intelligent Document Processing platform that transforms unstructured data from any type of document into structured results. Our AI-based software can not only extract all relevant information from your documents, but also understand them. This allows you to automate your processes and save both time & money, while improving your customer experience and employee satisfaction. Win-win.
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ExB announces a change in the company's management as founder and CEO Dr. Ramin Assadollahi steps down. Tobias Brix, an experienced scaling expert in the fields of data, AI and automation, succeeds him and will lead ExB into its next stage of growth.
ExB’s top-tier results in the Camelyon Challenge at ISBI 2016 proves that its image analysis technology is able to handle extremely complex diagnostic tasks. The technology compared systems for identifying cancer in lymph node sections in two tasks.
Berlin-based university hospital Charité is using cutting edge ExB technologies in its fibrosis research, in order to automate the analysis of tissue sections for early recognition of pathological changes. Doctor-performed histopathological analysis of liver biopsy samples is currently the gold standard for fibrosis, but is also very time-consuming.
We are here for you.
- Questions, feedback, discussions – we take time for your individual request. Simply send us a non-binding message via the contact form.
- You would like to book a demo directly? With pleasure. Simply select your desired date in the calendar.
- We would also be happy to meet you in person – you can find us in Munich and Leipzig.
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