Buyer’s Guide: Automating Accounts Payable with IRIS Intelligent Document Processing
In Shared Service Centers and BPO environments, Accounts Payable teams handle high volumes of invoices from multiple entities, regions, and formats. Manual processing slows cycle times, increases errors, and creates compliance risks.
IRIS’s Intelligent Document Processing (IDP) platform — powered by IRISXtract™ — automates invoice capture, classification, and data extraction that perfectly fit multiple ERPs, delivering accuracy and speed at scale.
Faster AP Cycles Across Multiple Entities
- Multi-Entity Support: Process invoices from different subsidiaries, countries, or business units in one unified workflow.
- ERP Integration: Works with existing ERP systems, removing the need for costly replacements.
- Time Savings: Reduce AP cycle times by up to 30% with automated document routing and minimal manual touchpoints.
Template-Free Invoice Processing
- Free-Form OCR with IRIS Fingerprint Technology: Extract data from invoices without predefining templates — even when layouts or supplier formats change.
- High Extraction Accuracy: Capture header and line-item details with precision, even for complex tables.
- Adaptability: Process invoices from multiple suppliers, in different formats (paper invoice, e-invoice, email attachments, etc.) and languages, without long configuration delays.
Multilingual & Compliance-Ready
- 138+ OCR Languages: Handle invoices in local languages for global operations.
- Compliance Features: PDF/A output for long-term archiving, encryption options, and GDPR-aligned processing help meet regulatory requirements.
- Audit Trail: Track every invoice from receipt to approval for full transparency.
Scalable to Any Volume
- Whether your AP team processes hundreds or tens of thousands of invoices daily, IRISXtract™ scales without sacrificing speed or accuracy.
- Load balancing and multi-tenancy capabilities ensure consistent performance in high-volume environments.
Measurable ROI in Shared Services
- Lower processing costs through automation and reduced error handling.
- Free AP teams to focus on supplier relationships, cash flow optimization, and value-added analysis.
- Improve on-time payments and vendor satisfaction with faster turnaround.
You can see these benefits in action today.
Visit our demo page to experience how IRIS Intelligent Document Processing automates invoice capture, classification, and approval — all in real time and fully compatible with your ERP.
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