Nexelus has released their much-anticipated cloud-based solution, apworks.ai. This game-changing product addresses the manual practice and high cost of Accounts Payable processing, using artificial intelligence and machine learning technology to automate and simplify the payables process for operations and finance teams in any business sector.
Based on the Amazon tech stack and architected as a multi-tenant SaaS product, apworks.ai enables processing of all types of media, production, and overhead vendor invoices with little to no human interaction. An easy-to-use dashboard guides users through the invoice lifecycle. But it’s the sophisticated and configurable routing mechanism that’s the real standout, providing seamless routing and approval of invoices.
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Key features of apworks.ai include:
- Approval Management – rules based approval and routing configuration
- Direct Email – allows vendors and/or the accounting team to email invoices to the system
- Easy Setup – vendor model catalog available to all clients, making new vendor setup a snap
- Multiple Formats – supports multiple vendor invoice formats
- Seamless Integration – built into Nexelus product offering (media, production and overhead). No need to maintain separate vendor and employee listing, data is pulled and pushed from and to Nexelus or as a standalone system
- Automatic Routing – approved invoices are automatically available in Nexelus and your ERP/Accounting system
- Discrepancy Management – predictable discrepancy handling with little or no involvement from admins
- Machine Learning – product models invoice structure and ensures high level of predictability, even if certain required information is missing on the invoice.
