Companies lose up to 5% of revenue or face critical IT issues due to delayed payments, duplicate invoices, frauds, and manual processes. Attend this webinar to learn how to use AI to automate 90% of manual IT vendor invoice processes and manage approval workflows on Servicenow.
Basically, the process of IT Invoice automation involves:
- Monitoring invoices from all formats (be it Word, Excel, PDF, Email, JPEG, etc.)
- Extracting relevant details from the invoices
- Evaluating invoice data against PO and its criteria
- Cross-checking of invoices to avoid frauds and duplicate payments
- Recording invoice data in the systems and notifying relevant parties
Why Automate IT Invoices on ServiceNow? Benefits of NOW workflows
Part of the ServiceNow platform that automates the multi-step process.
- Automation
- Workflows are reusable
- Workflows can call other workflows (called subflows)
- Expansion of Self-Service offerings
- Standardization of processes
- Feedback to stakeholders in a timely fashion (stages, notifications)
The significant benefits of IT Invoice automation on ServiceNow include:
- Automated verification purchase order lines with data from your ERP
- Identification of exceptions and routing them for review and resolution
- Electronic routing of invoices to approvers based on configured rules and sends notifications
- Posting of confirmed invoice data directly into the ERP or any other integrated financial system
Signing Off:
Ready to ditch manual invoice processing? Accelerate the invoice approval process by automating invoice processing workflows and improving visibility into entire IT and Finance processes. To learn more about how automated Ai-enabled IT invoice workflow minimizes the number of touches per transaction eliminates the need to re-key information and route paperwork between departments, attend this webinar.
As a ServiceNow user, learn how to streamline IT invoice processing with Aavenir Invoiceflow on your own ServiceNow instance. Register now as our experts Brian Palmer and Rohit Pareek will discuss:
✔10 Common IT Vendor Invoice Management Challenges
✔Top 3 ROIs of IT vendor invoice processing automation
✔Real-world Customer Success Story of a leading Pharmacy Benefits Manager (PBM) Automating thousands of IT Vendor Invoice Processing on ServiceNow
