AI-enabled Accounts Payable Automation on ServiceNow

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Presented by

Russell Seifert

About this talk

Automation in invoice processing is maturing fast and represents a major source of future value, offering a return on investment that far outweighs its cost. Accounts payable team who work with invoices know the pain points of the manual data entry, managing complex invoice data exceptions, time lost in searching for lost or missing invoices, missing out on payment terms and opportunities, all of which can directly impact bottom-line gains of any organization. Attend this session to know how T. D. Williamson, the most trusted manufacturing and services organization serving the pipeline industry worldwide for over 100 years, automated its invoice processing using ServiceNow as a key enabler. TDW installed Aavenir Invoiceflow on their existing ServiceNow Platform to automate processing of 70,000+ invoices per year from 5000+ different vendors. Join us for this webinar to learn - Role of AI and accounts payable workflow in invoice automation - How Aavenir Invoiceflow automates invoice processing on ServiceNow - Real World Success Story: Learn how TDW overcome challenges to: - Implement a single invoice receiving touch point for AP team - Automate invoice coding, categorization, and data validation with PO/reciept notes for thousands of invoices - Process invoices faster with digital workflow for PO/Non PO invoice approvals and exceptions handling - Gain complete spend visibility using Aavenir dashboard on ServiceNow

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Aavenir’s next-gen Source-to-Pay suite revolutionizes age-old procurement processes by using the latest Machine Learning and Natural Language Processing technologies to reduce cycle time, yet offering insightful best practices suggestions based on historical data. For example, Aavenir’s Contractflow - Contract Lifecycle Management (CLM) product solves the hardest text analytics problems for risk and obligation management while Invoiceflow - Accounts Payable (AP) automation product solves multi-vendor invoice data extraction and processing problems by harnessing the power of AI & ML technologies. Aavenir SaaS-based source-to-pay solutions are powered by the most advanced cloud-based ServiceNow platform that is delivering unified digital workflows to create great experiences and unlock productivity for approximately 5,400 enterprise customers worldwide, including Fortune 500 companies. We deliver the future of work! We know that the future of work is changing and we want to be at the forefront of it. Founded in 2019 by experts having more than 25 years of experience in the S2P industry, Aavenir is a start-up that’s growing fast and headquartered in the USA with an office in India. For more information, please visit www.aavenir.com.