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What is X-CELERATE Invoice?

X-CELERATE Invoice, developed by Xoriant Solutions & Practices, is a solution designed to automate invoice processing and reconciliation with high accuracy. According to the vendor, this product is specifically tailored for enterprise-level companies in various industries, including finance, procurement, ERP, accounts payable, and operations. By seamlessly integrating with existing workflows and systems, X-CELERATE Invoice aims to streamline the capture of invoices and expense reports, potentially enabling faster payment processing, cost reduction, and increased efficiency for finance teams.

Key Features

Automate Invoice Processing: X-CELERATE Invoice reportedly leverages Amazon Textract to simplify invoice processing and reconciliation with high accuracy. It is said to seamlessly integrate with Finance, ERP, and Procurement workflows, potentially automating the capture of invoices and expense reports for improved efficiency and reduced costs.

Lower Cost: According to the vendor, X-CELERATE Invoice aims to reduce the need for manual data entry and review, potentially saving valuable time and resources. It is suggested that this solution may minimize errors, mitigate the risk of duplicate or missed payments, and lower operational costs.

Automated Learning: X-CELERATE Invoice reportedly incorporates human-guided training during invoice review and correction, utilizing Adaptive Deep Learning models to continuously improve processing accuracy over time. The vendor claims that users' actions during invoice review and correction help train the system, potentially enhancing efficiency and accuracy.

Easy to Customize: X-CELERATE Invoice is said to offer low-code customization options, allowing users to tailor the solution to their specific requirements. It is suggested that this solution supports role-based workflows, ensuring that the right users have access to relevant information and tasks. The vendor claims that the solution seamlessly integrates with existing systems, potentially maximizing efficiency and minimizing disruption.

Categories & Use Cases

Awards

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Technical Details

Technical Details
Mobile ApplicationNo

FAQs

What is X-CELERATE Invoice?
X-CELERATE Invoice, from Xoriant, uses Amazon Textract to simplify invoice processing and reconciliation. Powered by Adaptive Deep Learning models which improve processing accuracy over time, the solution integrates with workflows and systems across Finance, ERP and Procurement. The software helps automate capture of invoices and free-form expense reports and aims to ensure payables are paid faster, with fewer exceptions and lower costs.