Clients using the software have reported reductions in invoice processing time and errors, translating to savings.

“Hermes enables round-the-clock processing of vendor invoices,” said Thomas John, CEO of Calpion, the developer of Hermes. “It solves the most common accounts payable issues, such as multi-level invoice approval, complex business rules, high volumes, and error-prone data entries.”

A key feature of the software is smart GL code mapping, which automatically maps general ledger codes to specific vendors and business units.

It also has an automated 3-way match feature that compares purchase orders with invoices and dispatch notes/goods received for fraud control.

“Our automated AP solution does not just aid businesses in paying invoices faster and reducing errors. It also prevents fraud while boosting productivity,” John adds.

Accounting teams that use Hermes can free up their resources for high-value activities directly impacting their organization’s profitability. They also become more productive as the software eliminates bottlenecks and ensures that vendors get paid faster. Operational risks and data breaches are reduced as data transparency and accessibility are improved. This lets finance executives to quickly go over payables in real-time and make informed decisions based on accurate data.

The highly scalable AI-based AP solution reads incoming invoices from emails with AI. OCR technology then converts scanned invoices into text for extraction via straight-through processing. AI bots automatically extract data from all invoice formats and then validate and upload the information into the client’s preferred ERP.

With Hermes, a company can reduce AP processing time and save 90 percent in costs. Those interested in trying out the software can book a demo at www.automateinvoices.com.

MEDIA CONTACT

Thomas John

Tel: (469) 242-6053

Email: [email protected]

4835 LBJ Freeway, Suite 300,

Dallas, TX 75244