Accounts Payable That Runs Itself
From invoice receipt to payment approval — AI handles extraction, matching, exception routing, and analytics. Your team focuses on the exceptions that matter.
60–80%
Touchless Processing
90%
Faster Cycle Time
$2.6M
Avg Annual Recovery
<60s
Setup Time
The Problem
Why manual processes leak money and slow your business.
Manual Processing Is Expensive
Manual data entry, physical routing for approvals, and spreadsheet tracking costs $12–15 per invoice. At 5,000 invoices/month, that's $60,000–$75,000 annually in processing costs alone.
Errors Cost More Than Labor
Duplicate payments, price overcharges, and quantity mismatches leak 1–5% of total AP spend. For a $50M AP operation, that's $500K–$2.5M in preventable leakage.
Approval Bottlenecks Burn Discounts
Invoices sit waiting for approval while early payment discount windows close. 2/10 net 30 terms mean 36% annualized return on early payment — but only if you approve fast enough.
The Solution
How inferonIQ solves each pain point.
AI Extraction (Zero Templates)
Drop any invoice PDF. AI extracts vendor, line items, amounts, and dates — adapts to any format without configuration.
Line-Level 3-Way Matching
Every line compared against PO and receipt. Price variance, quantity gaps, and missing receipts flagged with dollar-value leakage.
Smart Approval Routing
Clean matches auto-approve. Exceptions route to the right person based on amount, vendor, category, and exception type.
Duplicate Prevention
Content fingerprinting catches duplicates even with different invoice numbers — before they enter the approval queue.
Spend Visibility
Real-time dashboards show vendor spend, aging, processing metrics, and leakage trends without building reports.
Multi-Language Support
Process invoices from global vendors in 90+ languages natively. No translation steps 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 auto-ingests PDFs, images, and electronic formats (EDI, XML, cXML) without templates.
AI Data Extraction
Multi-language OCR + AI extracts vendor name, invoice number, line items, quantities, unit prices, tax, totals, and payment terms. 90+ languages supported.
Duplicate Detection
Content fingerprinting identifies duplicates even with different invoice numbers. Catches re-submissions, partial duplicates, and split-invoice fraud.
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 validated with configurable tolerances.
Price Variance Analysis
Unit price deviations flagged with dollar impact. Historical price trends compared. FOB and freight cost variances calculated.
Exception Classification
Mismatches auto-classified: price variance, quantity shortage, missing receipt, duplicate, over-delivery, wrong vendor. Each gets a severity score and dollar impact.
Smart Approval Routing
Clean matches auto-approve (STP). Exceptions route to the right approver based on amount threshold, vendor, category, and exception type. Multi-level approval chains.
AI Dispute Generation
For vendor overbilling, AI generates dispute emails with line-item detail, variance calculation, and supporting PO references. One-click send.
Early Payment Optimization
Approved invoices analyzed for early payment discount capture. 2/10 Net 30 terms identified and payment scheduled to maximize discount capture.
Payment Scheduling
Approved invoices queued for payment based on due date, discount availability, and cash flow priorities. ERP payment file generation.
Analytics & Reporting
Real-time dashboards: STP rate, processing time, leakage recovered, vendor scorecards, aging analysis, and AP KPIs. No report building needed.
Related Capabilities
Ready to Automate?
Free 48-hour scan. We connect, analyze, and show you the savings — pay nothing unless we deliver.
Start Free Scan