Invoice Management Solution

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The AI-Powered Invoice Management solution helps organizations streamline the invoice process. It seamlessly receives, manages, processes, and validates all your invoices for flawless business operations with minimal yet productive efforts and assistance. It aids in achieving compliance in invoice-related transactions, removes errors, brings transparency to transactions within the organization, improves Buyer-Supplier relations, and enhances scalability while facilitating cost savings. Features of the product:- • End to End Invoice Processing through AI Power Platform supporting PO and Non-PO invoices • Realtime integration with ERPs, Govt. E-Invoicing platforms to validate invoice data • Automation of Invoice receipt and data verification o Automatic invoice extraction from AP Email or from Scanners or Supplier Portal o Automatic extraction of data from the invoice using AI powered OCR platform which supports multiple invoice formats out of box - without any training o Machine learning enabled platforms enables self leaning for improved accuracy of extraction • Automatic Invoice data Validation and thorough Exception Management o Automated exception checks on Invoice header and item data • Cross validation of header information with ERP data and Govt. E-invoicing data • More than 30 PO based and 25 plus non-PO based exception out of box • Real-time validation with ERP data such as Purchase order Data, Agreement data, GR information, Service Entry / Confirmation information • Exceptions are managed through enriched workflow framework enabling internal and external stakeholders to collaborate to address exceptions Benefits- – Approx. 80% cost reduction for processing invoices – Approx. 50 - 80 % improvement in Invoice processing efficiency – Zero Touch Invoice Processing – Low risk in invoicing error & fraud & many more

e-Procurement Solution

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TantraMinds' e-Procurement Solution is a comprehensive platform designed to streamline and optimize your procurement processes. Our cloud-based platform combines advanced technology, industry expertise, and best practices to help your organization achieve cost savings, efficiency gains, and improved supplier management. Features of the product:- • An all-in-one platform - Complete P2P processes including - Requisitioning, PO processing, Receipting and Invoicing - Supports Service, Material scenarios • Customizable workflows • Automation functionality • 3-way Matching • Spend management • Catalog Management • Integration with leading ERPs or Finance systems • Supplier Management • Contract Management • e Sourcing Benefits- • Organized data • Effortless invoicing and payments • Risk mitigation • Faster decision-making • Full control over the supply chain • Cost savings