Name: Scrypt AI
Author: Scrypt AI

Help Desk

Web and Video Conferencing

Customer Support

Business Intelligence (BI)

Collaboration

Data Discovery and Visualization

Document Management

Enhanced 911 (E911)

File Sharing

Risk Management

Statistical Analysis

Enterprise

Accounting

Invoicing

Subscription Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Diversity, Equity, and Inclusion (DEI)

HR Management

Payroll

Recruitment Agency

Recruitment Automation

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Cloud Storage

Data Lakehouse

Data Mapping

Firewall Security Management

Fraud Detection

IP Address Management (IPAM)

In-Memory Databases

Incident Response

Infrastructure-as-Code (IaC)

Integration Platform as a Service (iPaaS)

Log Management

Managed IT Service

Network Performance Monitoring

Password Management System

Release Management

SOA Application Gateways

Web Portal

WiFi Hotspot

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Appointment Scheduling

Audio Editing

Content Management

Customer Reference Management

Email Marketing

Email Testing

Marketing Automation

Product Sampling

Retail Media Advertising

Social Media Management

Social Media Marketing

Survey & Forms Building

Web Analytics

Marketing

Field Service Management

Project Management

Professional Services

Customer Relationship Management (CRM)

Lead Generation Services

Lead-to-Account Matching and Routing

Multichannel Retail

Sales Coaching

Sales Gamification

Social Commerce

Sales

Architecture

InsurTech

Laboratory Information Management

Legal Billing

OSS/BSS (Operations Support/Business Support)

Oil and Gas

Real Estate

Vertical-Specific

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Scrypt AI is an AI-powered Treasury Management solution that aims to automate and streamline financial operations, specifically focusing on accounts payable (AP) and accounts receivable (AR) processes. According to the vendor, this solution caters to finance professionals, accounting professionals, treasury management professionals, and financial operations teams across various industries, including manufacturing, retail, healthcare, technology, and professional services.

## Key Features

**Automated Accounting**: According to the vendor, Scrypt AI offers touchless AI data capture technology to automate and streamline AP and AR processes. It aims to eliminate the need for manual data entry by automatically capturing and processing data from invoices, checks, and remittances.

**Integrated Payables**: Scrypt AI provides a universal invoice hub for end-to-end accounts payable (AP) processes. The vendor claims that it can automatically pull digital invoices, regardless of their format or location, and integrates with eSign solutions and ERPs. The solution aims to enable digital payments and potentially turn AP from a cost center into a profit center.

**Integrated Receivables**: According to the vendor, Scrypt AI automates the processing of checks and remittances, aiming to eliminate the need to leave the office. It claims to accurately predict which payment account to credit and seamlessly integrates with eSign solutions and ERPs. The AI technology is said to be capable of identifying the front and back of checks, even within multi-page scans, without the need for templates or upfront annotations.

**Integrated Payments**: Scrypt AI aims to enable smarter payments regardless of payment type, including wire, checks, ACH, Same-day ACH, and Virtual Credit Card (VCC). According to the vendor, it provides payment and treasury analytics to optimize cash flow and potentially take advantage of early payment discounts. The solution aims to help eliminate the need for printing, signing, stuffing, and mailing paper checks, potentially streamlining the payment process.

**Machine Learning and Cognitive Automation**: Scrypt AI leverages machine learning to understand the user's ERP, learn from historical transactions, and potentially improve accuracy over time. According to the vendor, it matches invoice images to transactions and transactions to invoice images, reinforcing the built-in machine learning models. The solution is said to continuously learn from end-user activity, enabling cognitive automation and potentially enhancing the efficiency and effectiveness of financial operations.

AvidXchange is an automated bill payment system.

AvidXchange

BILL is an online service for SMBs which provides a central dashboard for managing Accounts Receivable, Accounts Payable, and cash flow management. It syncs with all major accounting systems like QuickBooks, Sage, Intaact, and NetSuite.

Essentials

Team

Corporate

BILL

Scrypt AI

Accounts Payable

Features found in accounts payable software products

Automated Accounts Payable Processes

Accounts payable processes are automated based on pre-determined workflows.

Vendor Management

Holds information related to vendor terms and contracts.

Tax Form Preparation

Allows users to create and share tax forms within the platform.

Payment Management

Features that allow for the management of payments across various forms of finance/accounting software.

Customizable Approval Policies

Policies for different types of approvals can be customized, sent to multiple approvers, automatically approved, etc.

Financial Document Management

Invoices, expense reports, and associated documents are stored within the platform for any future needs.

Payment Status Tracking

Tracks what stage payments are at in the process, from approval to receipt.

Payment Audit Trail

Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.

Duplicate Bill Detection

Detects duplicate invoices or expense reports to prevent double payments.

Advanced OCR

Automatically imports information from invoices, receipts, expense reports, and other 
scanned documents into the platform.

Electronic Funds Transfer

Funds can be transferred via EFT as opposed to paper checks.

PCI Compliant Security Measures

Banking and finance information is protected according to Privacy Shield and GDPR standards.

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Scrypt AI

Overview

What is Scrypt AI?