Hermes - AP Automation Software
Hermes is an advanced accounts payable automation software that utilizes AI and OCR to streamline the invoice processing workflow, reducing errors and operational costs.
Need help?
We can help you find specialists for Hermes - AP Automation Software. Let us connect you with the right experts to assist you.
*User registration required
Description
Hermes is an enterprise-level accounts payable (AP) automation software tailored for organizations looking to enhance their invoice processing workflows. By leveraging advanced technologies like Artificial Intelligence (AI), Optical Character Recognition (OCR), and Robotic Process Automation (RPA), Hermes automates the entire AP process from invoice detection to data extraction and validation.
Key functionalities of Hermes include:
- Invoice Processing: The software can handle invoice processing 24/7, which significantly reduces turnaround time and increases productivity.
- Error Reduction: Automating invoice management minimizes human errors, leading to more accurate financial data and improved compliance.
- Integration Capabilities: Hermes integrates seamlessly with existing financial systems, ensuring smooth operations across departments.
- Three-Way Matching: This robust feature helps verify purchase orders, goods receipts, and invoices, reducing the risk of fraud and duplicate payments.
By digitizing documentation and enhancing vendor relationships through improved communication, Hermes provides organizations with a comprehensive solution for optimizing their accounts payable operations, thereby allowing them to focus on core business activities.
Features
AI-Powered Invoice Processing
Utilizes AI technology to read and process invoices accurately, reducing manual workload and errors.
24/7 Availability
Enables continuous invoice processing, ensuring timely payments and improved cash flow management.
Integration with Financial Systems
Seamlessly integrates with existing financial software to maintain consistent data flow and reporting.
Three-Way Matching
Automates the verification of purchase orders, goods receipts, and invoices to enhance accuracy and reduce fraud.
Customizable Workflows
Offers customizable settings to tailor the invoice management process according to specific business needs.
Tags
Documentation & Support
- Documentation
- Support
- Updates
- Online Support