Automated invoice processing uses specialized software to scan, extract, match, reconcile and validate relevant invoice data. The software then sends that information through an enterprise’s system so payment may be processed. Enterprises lean toward automated invoice processing to eliminate invoicing complexity, strengthen supplier relationships and lower costs.
GEP’s invoice management software eliminates manual intervention, except for in those special cases where a human touch is required, which greatly reduces the burden on accounts payable and finance teams. GEP SMART™ improves cash flow, drives additional savings and helps procurement organizations make the most of dynamic discounting opportunities.
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
GEP NEXXE is a uniﬁed and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artiﬁcial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.