Enjoy the benefits of invoice automation

By implementing our accounts payable invoice processing solution – AI-powered

Using Cevinio’s Invoice-to-Pay cloud solution, our clients reach extraordinary levels of automation leading, to 3-5 times higher productivity.

Our invoice processing software is capable of automatically processing many invoice scenarios in a single platform. Our robots use artificial intelligence and machine learning to teach themselves independently. Cevinio’s solution is scalable and able to integrate with complex IT landscapes (multi-ERP). Our way of processing, interpreting, and using data, brings corporations to new levels of efficiency.

Are you processing +200,000 invoices per year? Cevinio is your accounts payable invoice automation solution!

WHITEPAPER: HOW ARTIFICIAL INTELLIGENCE CAN BOOST YOUR ACCOUNTS PAYABLE PROCESS

Discover the trends in AI and how Cevinio makes use of it for our Humanized Intelligent OCR and other elements to move towards the promise of tomorrow: e-invoicing.

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Are you looking in to:

Drive efficiencies by applying AI?
Take your finance transformation to the next level
Leverage technology for optimal performance and cost saving?
Achieve business goals and personal targets?
Lead a high-performance AP team?
Increase reporting effectiveness?
Invoice to Pay AI based solution

Do you recognize this?

icon Low productivity

Your AP productivity is lower than it should be ​

icon time consuming

Timeliness of payments are leading to time-consuming supplier communication and late-payment fees​ ​

admin

You do not have full control of working capital caused by long throughput times​

icon suppliers

You are struggling to onboard (long-tail) suppliers to your invoice platform: hindering the most efficient way of handling invoices​ ​

icon workflow

The process to maintain the invoice approval workflow is cumbersome and error prone​

icon compliance issues

Compliance issues with vendor invoices ​

icon challenging it landscape

A challenging IT landscape with multiple instances / applications





How will you benefit?

Cevinio Invoice-to-Pay is the invoice processing automation solution that enhances the collaboration of humans with Artificial Intelligence (“AI”) and Machine Learning (“ML”): the robots, in order to benefit from the best of both worlds.
We apply AI and ML to make our solution smarter and more autonomous, so your team of AP agents can focus on high-value tasks. By implementing Cevinio you will benefit from:

icon improve

Improvement of the P2P process using 3rd generation Artificial Intelligence and Machine Learning ​

icon increase productivity

Drastic increase of productivity through automation: AI/ML takes over manual activities ​

icon any kind of invoice

Ability to handle any kind of invoice in one environment​: paper/PDF/e-invoices, and PO/non-PO invoices​​​

icon language independent OCR

Language independent and template-free OCR ​


icon Multiple OCR tools

Best-of-breed OCR tools that we continuously select to process your invoices ​

icon discounts

Identification of early-payment discounts ​

icon insights

Increased insight into working capital through advanced reporting​

icon invoice portal

Exchange with suppliers of real-time data using the invoice portal ​


icon compliance toolbox

Increase of tax, legal, and corporate compliance using our compliance toolbox​

icon scale fast

Scalable SaaS solution: start small and scale fast​

icon ROI

Quick ROI payback in less than 12 months​

icon ROI

Quick ROI payback in less than 12 months ​


This could be your new standard

icon pay on-time

Pay on-time​ ​

icon increase productivity

Increased productivity​ ​​

icon supplier

Supplier participation

icon fast invoice handling

Fast invoice handling cycle​

icon business focus

More business focus ​

icon remote work

Work from anywhere​

icon compliance

Improved compliance

icon insights

Insights into the full I2P process


Features that will impact your I2P process

The following technologies and developments enable us to deliver an Invoice-to-Pay SaaS solution that will make your AP teams more efficient and effective:

OCR solution that reads like a human
Ability to handle any kind of invoice
Line-level matching between PO, GRN and invoice
Automated non-PO invoice coding on header level 
Compliance toolbox for Tax, Legal and Corporate Compliance 
Invoice Approval Workflow tool
Vendor invoice portal ​​
Reporting 
User friendly interface​​
Download our infographic

Business cases

Manufacturing industry

  • 830K annual invoices 
  • 107 AP agents
  • 2 delivery locations (SSCs) 

Example of a business case

“Technology was driver for process efficiency”

Solution:

  • Full I2P solution with workflow
  • Implementation in 5 months including best-practice process optimization
  • Non-PO automatic coding brought to 72%
  • Automated PO line-level matching up to 81%

Retail industry

  • 4.2M annual invoices, >80% non-PO invoices
  • 40% paper & 60% PDF
  • 41 countries

Example of a business case

“Delivery of a solution within and outside of new ERP platform”

Solution:

  • Invoice-to-Pay solution, fully implemented remotely (COVID19 imposed)
  • Triggered by COVID19: reduction of paper invoices of more than 80%
  • 42% of high-volume suppliers onboarded the Cevinio-powered invoice platform to facilitate receiving e-invoices, within 3 months

Financial industry

  • Global scope NA, EMEA, APAC
  • 82% non-PO invoices

Example of a business case

“Implementation was on-time & on-budget”

Solution:

  • Full Cevinio solution, from invoice inception to invoice approval through workflow
  • The solution was up-and-running in the first region within 3 months, the rest followed within 6 months
  • Implementation of new invoice approval matrix

Cevinio’s Invoice-to-Pay value proposition

At Cevinio we are committed to deliver a world-class and cutting-edge Invoice-to-Pay solution that aligns with your business goals.

Here you can see our competitive advantages, however you must know we don’t stop here. We work every day to release new features and functionalities, making sure our clients keep up with their always more challenging goals.

We are future-proof.

OCR Solutions Intelligent Character Recognition Open invoice portal Approval workflow engine Accounting robot for PO and non-POinvoices Invoice compliance check Self-learning accounting engine Multi OCR vendor Language agnostic – Humanized characterrecognition: Reading like an human Tax/VAT toolbox. ERP independent andoverarching Line-level PO & GRN matching Standard ERPsolutions

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Start working on your 2022 goals today, and ensure higher accuracy, productivity, and on-time payments. Drive the change with us!