Hermes - AP Automation Software

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.

Location: United States
Software Type: Web App

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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

invoice automationaccounts payablefinancial softwarebusiness optimization

Documentation & Support

  • Documentation
  • Support
  • Updates
  • Online Support