AI's impact on the future of finance
AI is poised to have a significant and transformative impact on the future of finance, particularly in the areas of efficiency, accuracy, decision-making, and personalization - Making the financial ecosystem more efficient, dynamic, and inclusive.
Grow Your Vision
To facilitate a team demo or webinar for your organization, inviting your core team.
Reach out to us to schedule your session today.
NXTAP: Revolutionizing Invoice Processing in High-Volume Shared Service Centers using SAP
Revolutionizing Financial Term Interpretation and Tax Compliance in Invoice Processing
Be the first to know
Follow us and download in-depth knowledge with our exclusive white papers
Traditional OCR is rapidly becoming obsolete as businesses transition to more advanced and efficient AP automation technologies like NXT AP and Azure Document Intelligence.
-
Reduce processing times and costs with real-time automation.
-
Improve accuracy by eliminating manual data entry and validation errors.
-
Ensure compliance with global e-invoicing standards.
-
Future-proof AP operations with scalable, AI-driven technology.
NXT AP offers a unified platform for processing both image-based and e-invoices.
By integrating with over 30 national e-invoice networks and applying the same process design for all invoice types, NXT AP enables businesses to navigate the global shift toward e-invoicing with ease. With consistent exception handling, approval workflows, and transaction-based pricing,
NXT AP ensures a smooth transition to a fully electronic invoicing future
By leveraging SAP’s more than 60 years of expertise in invoice processing, NXT AP delivers a best-in-class solution that combines the power of Azure AI with SAP’s proven infrastructure, enabling real-time processing, compliance, and flexibility without compromising the integrity of the SAP environment.
For organizations looking to optimize their AP processes, NXT AP represents the future of AP automation—fully integrated, fully compliant, and built on the foundations of SAP’s unmatched legacy.
NXT AP offers a seamless path forward. By integrating with existing legacy systems—whether ECM/DMS solutions or legacy AP workflows—NXT AP allows businesses to benefit from advanced capture capabilities, e-invoice integration, and real-time processing without requiring immediate changes to their existing processes.
With outcome-based pricing and comprehensive legacy support, NXT AP makes it easier than ever for organizations to transition to a future-ready AP environment while maintaining continuity and minimizing disruption.
InvoiceNxt redefines how invoices are managed within large supply chains, particularly those with extensive supplier networks. or suppliers, InvoiceNxt is a transformative tool that simplifies invoicing while providing significant cash flow benefits.
It's deep integration with NXT AP enhances its value by creating a holistic, streamlined invoice management experience. Suppliers raise invoices through InvoiceNxt—whether by submitting PDFs, e-invoices, or flipping purchase orders in InvoiceNxt itself—and those invoices are then processed in real time
Global organizations with supply chains in various markets face the challenge of ensuring compliance with complex and ever-evolving regulatory requirements. From VAT/GST regulations to country-specific e-invoicing mandates, maintaining compliance is critical for financial accuracy and operational efficiency.
By embedding GPT-4 within the accounts payable process, NXT AP leverages the power of artificial intelligence.
With the advent of AI-powered solutions, Computer Vision, and e-invoice networks, manual processing is becoming obsolete. Instead, the role of shared services is evolving into that of Global Capabilities Centers (GCCs)—strategic hubs focused on driving global process excellence, compliance, and continuous improvement.
As AI takes over traditional tasks, human expertise will be redirected to craft more efficient and reliable fully automated processes, embracing a future where automation and AI dominate operational workflows.
Legacy AP automation solutions typically ensure that supplier invoice data is complete and validated before creating posted documents directly in SAP. These solutions may operate entirely outside of SAP or use custom tables to manage invoice data, but either way, they often bypass the flexibility that SAP's native parking functionality provides.
Embracing parking as an initial step in the invoice process helps mitigate risks, reduce latency, and improve the quality of financial data, ultimately leading to more efficient and reliable AP management.
The new role of AP Analysts also emphasizes that AP is ultimately a procurement function and that a well-organized procurement process is the foundation of efficient AP processing.
With the automation of traditional AP activities, the role of AP Analysts is evolving from a focus on transactional processing to strategic analysis and optimization. The future AP Analyst will play a crucial role in driving further efficiency and automation within the AP function.