Procure to Pay is complete when the Customer pays. Is it really ? Many companies face the challenge of missed payments or incomplete payments. Accounts Receivable organizations need to actively manage DSOs. But they cannot do it alone. Annual write offs as a result of uncollectable payments is an unfortunate reality in many companies. ravaani’s Receivables Tracking solution addresses this by enabling Accounts Receivable, Field Accounting, Field and the Customer to work together with full visibility to all reveivables in a structured and timely fashion.
Does your AP team spend all their time keying invoices ? Do your vendors complain of late payments ? And have you discovered duplicate and incorrect payments in the past ? If the answer is yes, an optimized process can deliver significant savings. ravaani’s invoice management solution features 4 steps. In the first step, all invoices are received electronically into a central digital repository. Key information is then 'lifted' using OCR, pattern matching and machine learning techniques. Machines still need help at times and manual review is performed as need be. Finally, invoice and the meta data is uploaded to a portal and client's AP system.
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