In today’s fast-paced business environment, managing supplier invoices efficiently is crucial for maintaining healthy financial operations. NXT AP redefines this process with an integrated approach that ensures seamless handling of invoices in any format, while providing unparalleled connectivity and automation across various platforms.
Comprehensive Invoice Processing Across Formats
NXT AP's solution supports the processing of supplier invoices in all formats—whether they arrive as traditional paper invoices, PDFs, or electronic formats. By embedding Azure AI Services, including advanced Document Intelligence and GPT-4, NXT AP captures, validates, and processes all supplier invoice data in real-time. This capability ensures that invoices are accurately converted into SAP-compliant data within seconds, reducing manual effort and minimizing errors.
Native Integration with National e-Invoice Networks
Navigating the complex landscape of global e-invoice mandates can be challenging. NXT AP simplifies this by offering native integration with over 30 national e-invoice networks through a single access point provided by Unifiedpost. This integration ensures that electronic invoices are automatically captured, validated, and parked in SAP, streamlining the entire process while ensuring compliance with local regulations. This is particularly beneficial for multinational corporations that operate across various jurisdictions.
Streamlined Processing of Image-Based Invoices via Outlook365
Supplier invoices often arrive as email attachments in the form of PDFs or scanned images. NXT AP integrates directly with Outlook365 mailboxes, allowing these image-based invoices to be automatically retrieved and processed. Utilizing Azure’s advanced AI capabilities, including Computer Vision, NXT AP extracts all necessary data from these images and converts it into structured SAP data, enabling real-time parking and posting without any manual intervention. This feature is particularly valuable for businesses that still deal with a high volume of non-electronic invoices.
Empowering Suppliers with InvoiceNxt
InvoiceNxt, the supplier self-service platform, is a key component of NXT AP’s ecosystem. This platform empowers suppliers by providing real-time visibility into their transactions, enabling them to create and submit invoices easily through PO flipping or image uploads. By integrating directly with NXT AP, InvoiceNxt ensures that suppliers can manage their invoicing processes with greater accuracy and efficiency, thereby reducing discrepancies and fostering stronger supplier relationships.
Conclusion
NXT AP revolutionizes the accounts payable process by delivering an all-encompassing solution that handles invoices in all formats, integrates with a wide range of e-invoice networks, and streamlines the processing of image-based invoices. Coupled with the powerful capabilities of InvoiceNxt, this comprehensive solution ensures that businesses can maintain efficient, compliant, and transparent financial operations in today’s globalized economy.
For more insights on how NXT AP and NXT EDGE can transform your finance operations, stay tuned to our blog and explore the innovative features that make these platforms indispensable tools for modern businesses.
At NXT4SAP, we are committed to helping organizations unlock the full potential of automated finance operations, ensuring they stay ahead in a competitive landscape.
Contact to learn more about our solutions and to schedule a live demonstration.
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At NXT4SAP, we fuse GPT technology, process expertise, and decades of experience to empower global clients in making strategic decisions. Our adaptive software solutions cater to your requirements, especially in finance automation for corporates and Shared Services Centres.
The team excels in AI-driven business process automation, strategy, and innovation.
Our global experience with Fortune 500 companies, enhances our understanding of diverse requirements. While specializing in finance processes with SAP, we prioritize holistic end-to-end solutions.
Reach us at info@nxt4sap.com to redefine your global business dynamics through AI-driven solutions.
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