Accounts Payable Automation
Centralized Monitoring. Manage invoice processing queues, supplier correspondence, credit memo adjustment, multi-entity access control, and invoice auditability.
Integrates with single or multiple email inboxes. Supports both Gmail and Outlook.
AP Email Assistant. Organize and classify emails into various categories and create action items.
Intent-based Responses. Leverages GenAI to draft emails after analyzing supplier emails and history.
Intent-Based Tasks. Leverages GenAI to create tasks for AP team based on email category and follow ups for timely action.
Supplier Relationship Scoring. Understand supplier sentiment using historical conversation, open payable data and supplier intent from emails.
AP inbox software is a digital tool for centralizing the receipt and management of invoices and related documents sent via email. It automates the capture, organization, and tracking of invoices in a designated inbox, reducing the need for manual sorting and data entry.
Businesses need an AP inbox solution to streamline invoice receipt and processing. This is because it automatically captures, categorizes, and forwards payable invoices for approval, reducing manual errors, preventing lost invoices, and speeding up the accounts payable workflow.
Integrating AP inbox software into your workflow involves linking it to your existing accounting or ERP system. Once set up, the software automatically labels incoming invoices from the AP inbox, extracts critical information, and routes them to the appropriate departments for review and approval, optimizing your AP process.
The AI-powered AP Inbox organizes and classifies emails received in Gmail or Outlook. It categorizes emails into labels such as W9, New Invoice, Potential Duplicate Invoice, Payment Follow-Up, and more. The system can infer supplier intent from email content and recommend appropriate responses, streamlining communication and reducing manual effort.
Manually sorting and tracking conversations with suppliers on email can be overwhelming, leading to delays or missed invoices. HighRadius leverages GenAI to automatically classify emails, generate responses, and create tasks for AP teams.
HighRadius’ AI-powered three-way matching with POs and GRNs identifies and highlights duplicate invoices based on details like invoice number, date, total amount etc.
Delayed responses and follow-ups can delay the AP process and increase the risk of late payments or missed early payment discounts. HighRadius’ Dynamic Response Generator automatically creates email drafts based on suppliers’ emails and payment history. Moreover, its Supplier Sentiment Analysis feature assigns a score based on historical conversation and open payable data to help AP teams understand whether a supplier needs more attention.
