GIBots Digidoc: Accounts Payable Automation

DigiDoc: GIBots Cognitive Intelligent Accounts Payable Automation Solution extracts, classify & reconciles data from documents like Invoices, POs, Receipts, etc. providing actionable data and insights for quicker decision-making with real-time dashboards that can be automatically updated into ERP & other downstream systems, helping procurement functions to swiftly respond to vendor queries and payment schedules. GIBots solution assists the Accountants & Finance personnel in their job of keeping accurate financial records within the stipulated time periods, thus reducing the whole payment cycle, and improving customer satisfaction and operational efficiency. Problem Focused on: The $22 trillion US B2B payments market has been slow to digitize, with 36% of firms using paper invoicing, 47% relying on manual processes for approval, and 49% of payments made by check. Forty-four percent of businesses are looking to add automation to their payables processes as a way to capitalize on the efficiency and cost-cutting benefits it brings in, while also cutting fraud and increasing access to payment data.