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.
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.
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.
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.
“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.”
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.