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.

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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. 

Automated processes, increased efficiency, minimized risk – with ExB.

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.

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.

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.

With ExB, you can automatically capture, classify, and extract relevant information from your documents – and then seamlessly integrate the data into your banking systems.

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.

christian michel

“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.” 

Christian Michel, Geschäftsführer
insinno
andy mura

“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.” 

Andy Mura, Director Marketing
Ratepay
Thorsten Drews MTU

“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.” 

Thorsten Drews, IT-Projectmanager
MTU Maintenance Hannover
One platform,
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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Following ExB’s sensational performance at the MICCAI/GlaS Challenge last year, the company’s image processing technology continues its winning streak in international competitions at the ISIC Challenge for automated skin lesion analysis and melanoma detection.

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