PredictAP

Overview

PredictAP is an artificial intelligence tool designed specifically for accounts payable (AP) departments. It automates key steps in the invoice processing workflow, from initial capture and data extraction to general ledger (GL) coding and approval routing.

The platform leverages AI to intelligently extract data from invoices, predict GL codes, and automatically route invoices based on predefined rules, significantly reducing manual data entry and the risk of human error. By integrating seamlessly with existing ERP and accounting systems, PredictAP aims to accelerate the AP cycle, improve efficiency, enhance accuracy, and provide better visibility into spending, allowing AP teams to focus on more strategic tasks.

Key Features

• AI-Powered Data Extraction: Automatically captures key information from invoices with high accuracy.
• Intelligent GL Coding: Uses AI to predict and suggest correct general ledger codes based on vendor, history, and line items.
• Automated Workflow & Approvals: Routes invoices for approval based on customizable rules and hierarchies.
• Seamless ERP/Accounting System Integration: Connects with popular systems like NetSuite, Sage Intacct, QuickBooks, etc.
• Duplicate Detection: Identifies potential duplicate invoices to prevent erroneous payments.
• Real-time Reporting & Analytics: Provides dashboards and reports on AP performance, invoice status, and spending.
• Exception Handling: Flags discrepancies or issues for manual review.
• Vendor Management: Helps manage vendor information within the AP process.

Supported Platforms

• Web Browser
• Integration via API (with ERP/Accounting Systems)

Integrations

• NetSuite
• Sage Intacct
• QuickBooks Online
• Microsoft Dynamics 365 Business Central
• Xero
• SAP Business One
• Sage 50
• And other ERP/accounting systems (via custom integrations)