Our Solution: Invoice Match AI
InvoiceMatch AI is a next-generation AI-powered invoice automation solution designed todramatically improve invoice matching accuracy and streamline your end-to-end AP operations.
Automate. Match. Accelerate.
The Problem: Low Invoice Matching Rates
Enterprises today face critical challenges in their Accounts Payable (AP) operations:
Low automatic invoice-to-PO match percentages
Extensive manual intervention to resolve mismatches
Delayed payments and increased compliance risk
Limited visibility into exceptions and processing bottlenecks
Ineffective integration between procurement systems and ERPs
What It Does
Extracts, reads, and validates invoices from PDFs, emails, images, and scanned copies
Automatically matches invoice data with POs and GRNs using AI and business rules
Detects mismatches early and routes exceptions intelligently
Seamlessly integrates with ERPs
Core Capabilities
Smart Invoice Data Capture
Extracts structured data from all invoice formats using advanced NLP
Identifies PO numbers, vendor information, taxes, currency, and line items accurately
Supports multi-format, multi-language, and multi-currency invoices
Intelligent Matching Engine
Automates 2-way and 3-way matching based on business rules
Handles line-level discrepancies, price variations, and quantity tolerances
Learns from prior approval patterns to boost future match accuracy
Exception Management
Identifies non-matching invoices and highlights reasons automatically
Routes exceptions to the right stakeholder via configurable workflows
Enables users to resolve and reprocess invoices with traceability
Non-PO Invoice Processing
Identifies non-PO invoices and validates based on department or GL coding rules
Triggers approval workflows based on configurable criteria
Reduces approval cycle time and audit-related risks
Real-Time Dashboards & Analytics
Displays KPIs such as Match Rate, Touchless Processing %, and Cycle Time
Visual tracking of exception volumes and bottlenecks
Audit trails and downloadable reports for compliance
ERP & Email Integration
Native integration support for ERP
Fetches invoices directly from email inboxes or SharePoint/FTP locations
Updates invoice and payment status back into ERP automatically
Business Impact
| Metric | Before | With InvoiceMatch AI |
|---|---|---|
| Invoice Matching Rate | 55–65% | 90%+ |
| Manual Review Rate | High | Less than 10% |
| Invoice ProcessingTime | 3–7 days | Under 24 hours |
| Supplier Queries | Frequent | Reduced by 60% |
| AP Team Productivity | Low | Focused on strategic work |
Why Choose Elfonze InvoiceMatch AI?
Pre-Built Accelerators
Speed up implementation with ready-to-use templates and connectors.
Adaptive AI Engine
Learns your business rules, vendor behavior, and exception trends to optimize results.
Secure by Design
Role-based access control, end-to-end encryption, and full compliance
Flexible Deployment
Deploy on cloud, on-premise, or hybrid environments as per your enterprise needs.