Collatio® Invoice Reconciliations

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

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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