Accounts payable that does the busywork. Your team makes the calls.
From invoice receipt to approved export — AI reads, matches, and routes every invoice. Your team reviews and decides only the exceptions that matter.
Line-level
3-Way Match
Per-field
AI Confidence + Source Page
Named
Owner on Every Exception
Audited
Every Correction & Approval
The problem
Why manual processes leak money and slow your business.
Manual processing is expensive
The average all-in cost to process an invoice is $9.90; best-in-class AP teams do it for $2.67 (Ardent Partners 2026). At 5,000 invoices a month, that gap is about $434,000 a year.
Exceptions eat the day
Nearly one in five invoices hits an exception — price, quantity, receipt, or PO mismatch (Ardent Partners 2026; best-in-class: 11.8%). Each one stops someone to investigate, and the ones that slip through become overpayments.
Approval bottlenecks burn discounts
Taking 2/10 net 30 is worth roughly 37% annualized (2% for paying 20 days early) — but only if the invoice is approved inside 10 days. Invoices waiting on approval let the window close.
The solution
How inferonIQ solves each pain point.
AI document reading (no templates)
Drop any invoice PDF. AI reads vendor, line items, amounts, and dates, with a confidence score and source page for every field. Low-confidence fields go to a reviewer.
Line-level 3-way matching
Every line compared against PO and receipt, with contract price caps, UOM and pack-size conversion, and freight not on contract. Variances flagged with dollar impact.
Owned exceptions & approvals
Clean matches can auto-approve under your rules. Exceptions get a named owner and review levels tied to your IdP groups, with automatic SLA escalation on approval steps.
Duplicate prevention
Content fingerprinting catches re-submitted invoices even under a different invoice number — before they enter the approval queue.
Spend visibility
Dashboards show vendor spend, aging, processing metrics, and leakage trends without building reports.
Multi-language support
Read invoices from global vendors in their own language. No separate translation step for EMEA or APAC operations.
Complete workflow
Every step from receipt to payment — fully automated.
Invoice receipt & ingestion
Invoices arrive via email, upload, or API. inferonIQ ingests PDFs, images, and electronic formats (EDI, XML) without templates.
AI document reading
AI reads vendor name, invoice number, line items, quantities, unit prices, tax, totals, and payment terms — each field with a confidence score and the page it came from. A typical invoice is read and matched in about 10 seconds; the match itself takes under a second.
Duplicate detection
Content fingerprinting identifies duplicates even with different invoice numbers. Catches re-submissions and re-sent copies of the same charge.
PO matching (header level)
Invoice matched against Purchase Order header — validates vendor, currency, total amount, and contract terms. Non-PO invoices flagged for review.
Line-level 3-way match
Each line item compared across Invoice → PO → Goods Receipt. Price per unit, quantity received, and extended amount checked with configurable tolerances. The match itself is deterministic: same inputs, same verdict.
Price & contract checks
Unit price deviations flagged with dollar impact. Contract price caps, rebates and SPA discounts, foreign currency, and freight or accessorials not on contract checked line by line.
Exception classification
Mismatches classified: price variance, receipt shortfall, missing receipt, duplicate, over-delivery, item not on PO. Each gets a severity, a dollar impact, and a named owner.
Review, correct & approve
Reviewers see each field next to the source page. A corrected field re-runs the match; the source is never edited and every correction is audited. Review levels follow your IdP groups (AP Team → AP Manager → Finance Director), with automatic SLA escalation on approval steps.
Vendor dispute evidence
For vendor overbilling, each exception carries the line-item detail, variance calculation, and PO and contract references your team needs to dispute it.
Early payment optimization
Approved invoices with 2/10 net 30-style terms are flagged with the discount amount and deadline so approvers act inside the window.
Approve & Export
Approved invoices export as CSV, JSON, XML, XLSX, or TXT — by download, SFTP, email, API, S3, Azure Blob, or network drive — ready for your ERP payment run.
Analytics & reporting
Dashboards: straight-through rate, processing time, leakage found, vendor scorecards, aging analysis, and AP KPIs. Ask follow-up questions in plain English.
Related capabilities
See what we find before you commit.
Read-only connection. We review a sample of your invoices, agreements and supplier spend, then hand back a findings report with specific figures. If there is nothing to recover, there is nothing to pay.