Invoice Reconciliation

Automation & extraction of Invoices

Invoice Reconciliation is a revolutionary AI-based software solution that automates the entire invoice reconciliation process and removes errors due to manual reconciliations. It reduces the chances of overpayments on duplicate invoices or overcharging by validating invoices with vendor agreements that define expense limits.

Use Cases

  • Pro-forma, interim, past due and final invoices

  • Recurring and miscellaneous invoices

  • Special legend invoices, e.g., from law firms, tax invoices

  • Transnational invoices

  • Assessments of vendors regarding KYC and potential sanctions

Collatio Serves

Collatio®

AI-based Invoice Reconciliation Software Clears all Hurdles

Invoice Reconciliation by Scry Analytics delivers tremendous gains in productivity and cost reduction,while guaranteeing unprecedented levels of accuracy at scale. It is powered by extensive invoice automation that is implemented at each stage of process.

More Detail

Collatio has been built using
the following technologies

  • Bayesian
    networks

  • Reinforcement
    learning

  • Generic rule-
    based machine
    learning

  • Heuristic
    algorithms

  • Reverse
    engineering

  • Data mining

  • Big data
    integration

  • Big data
    analytics

Key Differentiators &
Business Benefits

  • User Interface and APIs

    Pre-built graphical user interface (GUI) & APIs for quick deployment & integration with clients’ existing workflow

  • Domain Ontologies

    Pre-built ontologies & business rules that are dynamically updated to improve the product accuracy over time.

  • Knowledge Graphs

    30+ probabilistic spatial and temporal graph algorithms to determine links and connected entities.