Received.ai
Received.ai is an AI-powered platform that automates accounts payable processing, from invoice capture to payment, for businesses.
Price: Premium
Description
Received.ai is an AI-driven accounts payable (AP) automation platform designed to streamline and accelerate the entire AP workflow for businesses. It automates tasks such as invoice data capture, vendor management, approval routing, and payment processing. By leveraging artificial intelligence, it reduces manual data entry, minimizes errors, and ensures timely payments while providing clear visibility into AP operations. The tool is aimed at businesses of all sizes looking to optimize their accounts payable processes, improve cash flow management, and enhance vendor relationships. Received.ai differentiates itself through its comprehensive, end-to-end automation capabilities and intelligent features that adapt to unique business rules and workflows.
How to Use
1.Upload invoices via email, scanner, or direct upload to Received.ai.
2.Received.ai's AI extracts all relevant data, including line items and vendor details.
3.Configure approval workflows based on your company's policies.
4.Review and approve invoices within the platform, or automatically route them.
5.Process payments directly through the platform or sync with your accounting system.
Use Cases
Automated invoice processingVendor payment managementExpense approval workflowsCash flow managementAP reportingFraud preventionAudit trail creationSupplier relationship management
Pros & Cons
Pros
- Automates the entire accounts payable process, end-to-end.
- Reduces manual data entry and human errors in AP.
- Streamlines invoice approvals and payment processing.
- Provides real-time visibility into AP status and cash flow.
- Integrates with major accounting and ERP systems.
Cons
- Requires initial setup and configuration of vendor details and rules.
- May have a learning curve for advanced features and integrations.
- Pricing might be a consideration for very small businesses with low invoice volumes.
Pricing
To check the pricing of Received.ai click here
FAQs
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