Accounts Payable & Receivable Automation
This AI-powered, automated tool optimizes efficiency, accuracy, and cost savings. The tool provides scalability, insights through analytics, and ensures compliance and security. Solution reduces errors, improves cashflow management, and enables data-driven decision-making for businesses. Accounts Receivable and Accounts Payable automation streamlines repetitive tasks such as invoice generation, data entry, payment processing, and reconciliation.
Features
Automate invoice processing
Document information extraction premium edition with Gen AI capability automates data extraction from invoices, reducing errors and processing time.
Ensure compliance and security
Ensures compliance with regulatory requirements and data security standards. Protects sensitive financial data with secure encryption and access controls. Monitors regulatory changes to ensure ongoing compliance and safeguard reputation.
Integrate and scale seamlessly
Seamlessly integrates with existing accounting systems and third-party applications. Adapts to unique business requirements and workflows with flexible APIs and connectors.
Report and analyze in real-time
Offers visibility into invoice aging, cash flow forecasts, and vendor payment behavior. Enables proactive issue resolution and process optimization.
Creating Sub Accounts and required entitlement for app deployment
SAP Automation Pilot helps to create Sub Accounts and required entitlements and services for App deployment in the customer environment rapidly, efficiently, simply.
Benefits
Boost efficiency
By automating tasks such as invoice processing, payment approvals, and reconciliation, organizations can eliminate manual errors and streamline workflows.
Reduce errors
AI-driven automation in Accounts Receivable and Accounts Payable operations mitigates the risk of errors inherent in manual processes.
Achieve cost-savings
By reducing reliance on manual labor, paper-based processes, and time-consuming tasks, businesses can achieve operational efficiencies and scale without proportionate increases in overhead costs.
Accelerate cash flow
AI-driven automation accelerates cash flow by expediting invoice processing, approval, and payment cycles. Predictive analytics and forecasting capabilities enable proactive cash flow management by identifying potential bottlenecks or liquidity gaps in advance.
Get strategic insights
AI-driven predictive analytics forecasts cash flow, vendor behavior, and market trends, empowering businesses to anticipate opportunities and challenges ahead.
How We Help:
We often hear from customers: “We have BTP, but we don’t know what to do with it.” With pre-built solutions on SAP BTP, like our tool for Accounts Payable & Receivable Automation, Sierra Digital enables customers to make use of a service they — often — already have. And our best-practice-based apps are designed in consortium with functional experts to bring proven value to lines of business across the enterprise – from finance, to maintenance, to HR.
Utilize Accounts Payable & Receivable Automation, built on SAP BTP, to provide efficient, economical aid to the SAP users at your enterprise. With SAP BTP, you’ll simplify and enhance processes while extending the value of your current SAP investment.
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