Cevinio: advanced AP Automation, leveraging our expertise in the Benelux region
Powered by state-of-the-art AI, machine learning, and robotic process automation, Cevinio’s Accounts Payable Automation solution has been pivotal in driving productivity, delivering substantial cost savings, and strengthening compliance for organizations across the Benelux region.
Why is Cevinio AP Automation aligned with the demands of your industry?
Each industry encounters its own AP process challenges, with aspects ranging from regulatory compliance to data handling, and exception resolution. At Cevinio, we recognize the importance of understanding these specific requirements to deliver a solution that aligns with your goals and processes. Our AP automation solution provides configurable settings and intelligent features to address the distinct needs of various sectors, ensuring an adaptive, industry-specific approach that brings high value.
Driving AP automation success through industry expertise
Automotive:
Enhance supply chain operations and improve cost and production oversight.
Construction:
Seamlessly manage invoices from multiple suppliers across diverse projects, ensuring regulatory compliance.
Financial services:
Handle high invoice volumes, support audits, and strengthen fraud prevention.
Healthcare:
Ensure HIPAA compliance, streamline costs, and optimize resources for critical operations.
Manufacturing:
Efficiently manage supplier interactions, purchase orders, and inventory control.
Logistics and transportation:
Comply with sector regulations, optimize routing, and improve carrier management.
Do these industry challenges sound familiar? Cevinio’s Invoice Automation to the rescue
“Our invoice process is time-consuming—let’s reduce manual data entry to streamline it.”
Finance teams can save time and minimize errors through Cevinio’s multi-channel invoice ingestion, which automates data capture and streamlines processing by splitting paper batches seamlessly. Additionally, automating your invoice flows minimizes manual errors, speeds up payment cycles, and gives your team more time for higher-impact tasks.
“Our goal is to improve the accuracy and efficiency of our invoice matching process to minimize discrepancies and delays.”
?Is your AP process challenged by manual data matching, leading to errors and payment delays? Cevinio's AP Automation solves these issues by applying proprietary algorithms and enabling predictive capabilities. As a result, we ensure smooth reconciliations, efficient discrepancy resolution, and accuracy in your financial records.
“We need to take measures to mitigate fraud risks in our AP process and secure our financial data.”
Has your AP department also experienced fraud or fraud attempts? In a global context where fraud is a main topic on agendas due to its costly and negative consequences, at Cevinio, we consider preventing vendor fraud a key priority. With Cevinio’s AP Automation solution, fraud detection is powered by analytics, enabling you to proactively monitor suspicious activities and protect financial integrity.
"To improve our AP processes and maintain control, we need greater visibility."
As AP teams save valuable time, they unlock resources to dive into meaningful data insights. Cevinio makes tracking your invoices effortless with our Analytics Suite, offering 33+ dashboards. Make data-driven decisions and develop strong, continuous improvement plans by easily reviewing project costs, supplier performance, and regulatory compliance.
"Finding ways to improve our cash flow management is essential."
Have you recently experienced cash flow problems as a consequence of late payments? With Cevinio’s Invoice Automation, finance teams can enhance cash flow management by leveraging features that enable forecasting and ensure on-time supplier payments, strengthening financial stability and negotiating power.
"Achieving compliance with complex tax regulations, payment terms, and industry-specific standards is crucial in our AP processes."
Complying with legal and tax regulations or payment terms is not optional; it is a must for every company. This challenging manual task can be automated. Cevinio's AP platform automates compliance checks, aligning with tax laws, payment terms, and industry regulations to minimize risk and enable smooth, compliant operations.
“We are struggling to avoid bottlenecks in our invoice approval processes, presenting a significant opportunity to leverage workflows for improvement.”
The approval step of the invoice process can sometimes be complex, especially when done manually, and becomes even more challenging when multiple stakeholders and steps are involved. Cevinio automates multi-step approval processes, reducing delays and enhancing cash flow by offering flexible routing and escalation options.
Explore the benefits of automated invoice processing with Cevinio's AP Automation platform through our on-demand demo, showcasing end-to-end AP invoice management in action.
Cevinio: the trusted name in AP invoice automation across industries
Businesses across the Benelux have streamlined their AP processes with Cevinio, reducing costs, enhancing supplier relations, and ensuring compliance while optimizing cash flow. From supplier portals to comprehensive dashboards, Cevinio’s AI-driven AP solution simplifies processes, benefiting teams and suppliers.
Supplier portal:
A supplier portal has the power to further streamline invoice processing, reduce errors, and improve communication with suppliers, leading to increased efficiency, cost savings, and stronger supplier relationships. Cevinio’s AP supplier portal enables collaboration with transparency on invoice status and payment dates, as well as SOA reconciliation.
Cevinio Analytics:
Data dashboards are a key piece in the AP efficiency puzzle, providing total visibility into AP processes, faster decision-making, improved efficiency, and cost savings by highlighting bottlenecks, optimizing workflows, and identifying potential fraud risks. Cevinio's Analytics Suite is equipped with a comprehensive set of dashboards to help teams stay in control.
Business process workflow:
The value of automated and well-defined business process workflows lies in their ability to streamline AP processes by automating tasks, reducing errors, and ensuring compliance. They provide a clear, visual representation of the invoice lifecycle, enhancing efficiency and accountability. Cevinio’s AP Automation technology and expertise positively impact discrepancy resolution, streamlining the process with daily checkers, automated routing, and escalation options to ensure an efficient invoice processing workflow.
Non-PO coding:
Automated non-PO coding, alongside PO coding, significantly reduces manual effort and errors in invoice processing. Leveraging AI and machine learning, Cevinio accurately assigns GL accounts, cost centers, project codes, and other dimensions to invoices without manual intervention, accelerating processing times and improving overall AP efficiency.
Artificial intelligence:
Artificial intelligence is revolutionizing AP by automating tasks like invoice processing, coding, and matching, reducing errors, accelerating cycles, and freeing up staff for strategic work. Cevinio’s AI matches OCR data with ERP master data for seamless invoice handling, automating classification, coding, and compliance validation to unlock significant value.
More functionalities to explore
Multi-format, multi-channel invoice intake
AI-driven data extraction and multi-OCR
2-, 3-, and 4-way matching
Physical paper invoice splitting without barcode requirements
Matching data and handling extensive master data and transactional datasets
Route invoices to approvers, supporting various scenarios and approval levels
Intelligent tax accounting robot
Compliance checks automation
Supports multiple languages and countries
And more!
More than AP Invoice Automation
Our goal is to deliver innovative, AI-powered solutions that empower clients. We continuously innovate to enhance value through services including:
Analytics Suite
Actionable insights for strategic decision-making and process optimization.
E-Invoicing
Simplified e-invoicing for seamless tax compliance. A solution for buyers and suppliers.
Strategic Consulting
Access expert guidance to achieve AP automation goals.
Training Programs
Empower teams to effectively utilize AP software for streamlined and efficient processes.
AR invoice delivery
Enable touchless AR invoice processing, enhancing accuracy and client satisfaction.
🚀 Interested in optimizing AP? Contact us to discover Cevinio’s solutions
Whether it’s automating invoice processing or fostering supplier relationships, Cevinio’s platform empowers organizations to boost financial agility, improve cash flow, and ensure regulatory compliance.
