EchoVera has released Accounts Payable Automation for Sage Intacct with Intelligent OCR and seamless integration with Sage.

Toronto, Canada - October 3, 2024 —

EchoVera, a leading provider of AP Automation and Intelligent OCR, has announced seamless integration with Sage Intacct for organizations looking to streamline their financial operations.

EchoVera’s AP Automation for Sage Intacct captures supplier and vendor invoice data, creates automated approval workflows to manage invoice processing, automatically matches invoices and goods receipts to purchase orders, and provides a searchable invoice archive in the cloud.

EchoVera uses AI to speed up processing and reduce the workload for accounts payable teams. The addition of LLMs increases the speed at which finance administrators can onboard new vendors or customers. Finance staff do not need to set up templates or rules for their documents, but instead ask the LLMs what is needed and the AI does the rest.

The AP Automation for Sage Intacct tech stack includes Intelligent OCR, ChronoScan powered by OpenAI, Google and LLama.

https://echovera.ca/ap-automation-intacct/

Accounting departments are rife with inefficiencies resulting from outdated software, paper-based workflows and spreadsheet-based task management. Many organizations manually enter invoice data into Sage Intacct, or print emailed invoices to do the same. It is possible to eliminate data entry, reduce manual errors and reduce the likelihood of fraud - all in one fell swoop.

Intelligent OCR extracts data from emailed invoices. The capture technology intuitively recognizes different invoice layouts from suppliers and stores the information in a database for further processing.

“AP Automation for Sage Intacct eliminates tedious tasks like data entry, allowing Accounts Payable staff to take care of higher value tasks,” says Ralf Leitner, CEO of EchoVera. “Using the new AI functionality streamlines the process even further.“

Many organizations have made the painful and expensive attempt to code workflows into Sage Intacct with mixed results. EchoVera’s AP automation solution has a complete approval workflow built-in that distributes invoices to the right approvers automatically.

Two- or three-way matching of invoices, purchase orders and goods receipts is a very important business function for Accounts Payable. The amount of time required to do this manually can be a challenge for any organization.

The solution also matches purchase orders with invoices and goods receipts. The technology automates the reconciliation of this task. Within minutes of receipt, the system matches hundreds of line items without anyone having to check the documents. If there is no match, the system flags the invoice as an exception and sends all the information necessary for the appropriate approver to reconcile.

For auditors and company investigations, the audit function is a big productivity boost. The system stores supplier invoices and provides a time-stamped audit trail. This saves time as the invoices are searchable and reviewed within minutes, as opposed to all the time and expense it takes to search paper records.

EchoVera has a proven track record of processing invoices and sales order data, with a dollar volume of $9 billion dollars processed for clients worldwide to date. Organizations rely on the company to process and track supplier invoices, sales orders, purchase orders and goods receipts.

To learn more about Sage Intacct AP Automation, visit: https://echovera.ca/ap-automation-intacct/

About EchoVera:

EchoVera Inc. provides Intelligent OCR Plus and electronic document automation workflows for sales orders, purchase invoices and shipping documents to organizations seeking to reduce costs and increase the efficiency of their financial operations. EchoVera serves customers worldwide with over 30 years of experience.

For more information about EchoVera: http://echovera.ca

Contact Info:
Name: Ralf Leitner
Email: Send Email
Organization: EchoVera Inc.
Address: 340 King Street East Suite 216, Toronto, Ontario M5A 1K8, Canada
Website: https://echovera.ca/

Source: PressCable

Release ID: 89142851

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