Name: X-CELERATE Invoice
Author: Xoriant

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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.

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.

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Essentials

Team

Corporate

BILL

X-CELERATE Invoice

Accounts Payable

Xoriant

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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X-CELERATE Invoice

Overview

What is X-CELERATE Invoice?