Implement AI-Enabled IT Vendor Invoice Processing

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Presented by

Brian Palmer, Rohit Pareek

About this talk

AI-enabled IT Vendor Invoice Processing Workflow on ServiceNow Companies lose up to 5% of revenue or face critical IT issues due to delayed payments, duplicate invoices, frauds, and manual processes. Attend this webinar to learn how you can use AI to automate 90% of manual IT vendor invoice processes and manage approval workflows on Servicenow. Why should you attend this webinar? With disparate IT systems in place, it becomes difficult to manage thousands of invoices received from IT vendors - all having different formats, varied payment terms, different invoice approval workflow for each IT procurement category. IT teams often blame a complex series of slow and error-prone invoice data entry, PO validation, and approval processes for delayed, missed, or unintended payments. As a ServiceNow user, learn how you can streamline IT invoice processing with Aavenir Invoiceflow on your own ServiceNow instance. The webinar will cover the following topics: - 10 Common IT Vendor Invoice Management Challenges - AI-enabled Automated Invoice Data Extraction - Automated invoice validation with vendor master and purchase orders - Setting up Invoice Approval Workflow on ServiceNow - Monitoring Invoice Status and Accounts Payable KPIs - Top 3 ROIs of IT vendor invoice processing automation - Real-world Customer Success Story of Automated thousands of IT Vendor Invoice Processing 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.