Accounts Payable Automation & Invoice Processing for Enterprise Finance Teams
AI-driven, enterprise-grade invoice capture, intelligent GL coding, and multi-level approval workflows. Reduce manual processing time and errors — and achieve 75% touchless invoice processing.
Key Metrics
- 85%+ Accuracy digitizing global paper invoices out of the box
- 90% Reduction in payment delays, missed credits & duplicate payments
- 75% Touchless invoice processing — no human intervention required
Capabilities at a Glance
End-to-End Intelligent AP Automation
InvoiceIQ orchestrates the entire accounts payable workflow — from invoice ingestion to approval — using AI bots that learn and adapt continuously.
- Statement Credits Audits: Automatically identifies and digitizes credit memos and reconciles them to vendor accounts once approved.
- Auto-Code Invoices & SOWs to GL Accounts: Routes items to accountants for coding when confidence is low, ensuring accurate GL classification.
- Intelligent Accounts Payable Processing: Minimizes delays and errors by digitizing multilingual scanned invoices.
- Auto-Reply Invoice & Payment Status Queries: Responds automatically to vendor inquiries based on validated data.
- Intelligent AP Service Desk: Manages the AP inbox and triggers appropriate workflows, eliminating 90% of errors from duplicate invoices.
- AI Risk Scoring & Fraud Detection: Alerts approvers to high-risk items before payment.
InvoiceIQ is available on the SAP Spend Management Marketplace — certified for enterprise AP teams running SAP environments.
Gets Smarter With Every Invoice
When invoices are complex or fields are unrecognized, InvoiceIQ routes them to an exception queue. Once a business user corrects the data, the AI bots learn from the correction — continuously improving accuracy without IT involvement.
- Closed-loop learning from every human correction
- Adapts to new vendor formats automatically
- Accuracy improves over time without IT intervention
One Global Invoice Intake Point — 18+ Languages
InvoiceIQ supports 18+ languages across Asia, Europe, and the Americas. Image-level language detection means invoices no longer need to be sorted by mailbox or BPO.
- Multi-locale: handles country-specific date and amount formats
- Any invoice format: PDF, image, XML, CSV, CXML, XLS, custom
- Elastic auto-scaling handles month-end and quarter-end volume spikes
- Outputs structured data in CSV, CXML, XML, JSON, XLS, or custom formats for downstream ERP and AP systems.
SOC 2 Type II — Built for Enterprise Security
InvoiceIQ is deployed as a secure SaaS application aligned with SOC 2 Type II standards. Your financial data stays protected at every step.
- Dedicated VPC and compute infrastructure
- All data encrypted at rest and in-flight
- Shared-nothing deployment — private cloud and on-premise options available
- Data retention configurable to customer requirements
Complete Your Finance Automation Stack
InvoiceIQ works alongside ContractIQ and ConverseIQ to cover your entire finance operation.
ContractIQ
Contract Lifecycle Management & Risk Automation: AI-powered contract intake, clause extraction, obligation tracking, renewal alerts, and risk flagging.
ConverseIQ
AI Finance Assistant for Enterprise Teams: Ask questions, surface exceptions, and generate reports using conversational AI trained on your enterprise data.
AP Automation — Frequently Asked Questions
What is AP automation software?
AP automation software uses AI to automatically capture, process, and route invoices — eliminating manual data entry and reducing payment errors.
How does touchless invoice processing work?
Touchless invoice processing uses AI bots to automatically capture invoice data, validate it, and route for approval without human intervention.
What ERP systems does InvoiceIQ integrate with?
InvoiceIQ integrates with SAP, Oracle, NetSuite, and other ERP systems via APIs and file exchange.
How accurate is AI invoice processing out of the box?
InvoiceIQ achieves 85%+ accuracy digitizing global paper invoices from day one.
What languages and invoice formats does InvoiceIQ support?
InvoiceIQ supports 18+ languages and can process various formats including PDF, image, CXML, XML, CSV, XLS, and custom formats.
How does InvoiceIQ prevent duplicate payments?
InvoiceIQ automatically detects duplicate invoices before processing, alerting the AP team.
Does InvoiceIQ support 3-way PO matching?
Yes, it validates each invoice against purchase orders before routing for approval.