Collatio® Invoice Reconciliations
Collatio® Invoice Reconciliation comes equipped with a proprietary domain ontology for all types of invoices, purchase orders, and proforma. Further, it is capable of reinforcement learning through machine learning and human intelligence, which improves accuracy over time and in turn offers huge savings.
Key Features
Collaspe All
Anomaly Detection
Library of 25+ proprietary supervised & unsupervised algorithms, pre-trained & tested for our products
External Data Enrichment
40+ scrapers & connectors for ingesting web & paid data subscriptions, e.g., news, social media, traffic, geo-location, sanction lists
Domain Ontologies
Prebuilt financial ontologies & business rules that will improve over time
Knowledge Graphs
30+ probabilistic spatial & temporal graph algorithms to determine links & connected entities
Reinforcement Learning
In-built reinforcement learning algorithms that improves our products’ performance over time “with & without a human loop
Reverse Engineering
35+ proprietary AI algorithms to identify transformations & business rules and to fix errors
User Interface and APIs
Pre-built graphical user interface (GUI) & APIs for quick deployment & integration with clients’ workflows
Cleansing & Harmonization
60+ algorithms for cleansing, harmonizing & validating data from internal & external sources in 30+ formats, e.g., JPEG, video, PDFs
Product Accuracy
Upto 96% accuracy that improves over time with prebuilt ontologies & reinforcement learning
Deployment & Scalability
Highly scalable with parallel & distributed computing with options to deploy on-premise or consume as SaaS
Data Governance
Provides role-based access & sends alerts for exceptions to strategies, policies & compliance guidelines
Time & Cost
Upto 80% improvement in time & cost over the current manual process
AI-powered Financial Spreading clears all hurdles
Collatio® Financial Spreading by Scry Analytics delivers tremendous gains in productivity and cost reduction, while guaranteeing unprecedented levels of accuracy at scale. It is powered by extensive automation that is implemented at each stage of the process, right from data ingestion to harmonization to reconciliation.
Usage of Collatio®
- Proforma, interim, past due and final invoices
- Recurring invoices
- Special legend invoices, e.g., from law firms, tax invoices
- Assessments of vendors regarding KYC and potential sanctions
- Transnational invoices
- Miscellaneous invoices
Collatio® Serves
- Purchase Managers
- Accounts Payable
- Receivables
- Billing Operations
- Procurement