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
Commercial & Retail Banking
Non Banking Financial Institution
Asset & Private wealth managers
Investment
Banking
Credit Union
Scaled

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 DetailCollatio 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
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User Interface and APIs
Pre-built graphical user interface (GUI) & APIs for quick deployment & integration with clients’ existing workflow
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Domain Ontologies
Pre-built ontologies & business rules that are dynamically updated to improve the product accuracy over time.
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Knowledge Graphs
30+ probabilistic spatial and temporal graph algorithms to determine links and connected entities.
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