CAPABILITIES
- Powered by Patterns 3rd generation Digital Bot Workers[DBW]
- Automation of end to end Invoice and Associated Document Processing
- Factoring Process Automation to process Bulk Invoices and Cheques
- Extraction of Information from customer request for Funding Letters, Invoices, associated supporting documents like Bill of Lading and Cheques using Deep Learning Robotic elements/Patterns Defintion Language PDL’s equipped with Teacher Bots specifically trained for purpose
- Reviews, Referrals and Checker Automation
- Entire automation tracked with justification and comprehensive audit logs
VALUE DELIVERED
- 100% adherence to SOP. Compliance errors become near zero.
- Complete audit trail for all transaction. Each and every activity performed on every invoice and cheques can be traced. Reduced audit effort by 85%.
- Reduced human work share from 100% to 25%. 75% of the work is done by software bots.
- Reduced compliance related errors by 97%.
CUSTOMER REQUEST VALIDATION
DATA EXTRACTION FROM INVOICES & DOCUMENTS
AUTOMATED COMPLIANCE SCREENING
AUTOMATED CREDIT REVIEW
VERIFICATION OF ENDORSEMENT SIGNATURES
CHECKLIST VALIDATION
AUTOMATED RELEASE FOR FUNDING
JUSTIFICATION LOGS & AUDIT TRAILS
IMPLEMENTATIONS
Automates indexing and required data extraction including duplicate document detection and screening
Integrates with systems like Fircosoft, Lloyds and IMB to automate compliance screening of invoices and related documents like Bill of Lading
Automates customer / group limit availability, overdue checking as per the customer facility sanction terms
Operations can specify the SOP for processing and checklists which will list validation items for the BOTs to check and confirm
Integrates with Factoring and Discounting systems to release processed and approved invoice / cheque items for funding