Invoice Data Capture
Different types of businesses have varied challenges in unifying the procurement needs, often leading to procuring in sylows
Limitations & Inefficiencies: Limited vendor base
& range of products sold
at Sub-optimal high prices
Manual Processes:
Time consuming and
cumbesome process
with Admin overheads
Compliance & Audit:
Adherence to procurement policies, organisational and statutory. Prevention of unscrupulous practices
Rigid Procurement structure:
Preferential treatment to promoted manufacturers leading to restricted buying options
Assurance on Quality & Costs: Both parties struggle on assurance regarding payments and quality issues
Institutional Procurement Ecosystem Is Unique And Complex. Standard B2C Solutions Don’t Address This Aspect
Minimal Effort. Maximum Impact
Purchase directly on Market Place offering/ Negotiated
Publish an RFQ to get the Best and final rates
Publish Tender to get the best offering
Create and Manage auctions digitally
Aggregate Multiple local demands to leverage volumes for Price negotiation
One-stop shop for bids/ auction/ RFQ on products & services to handle all procurement needs
Contextual and AI driven search, compare and buy facility
Open API to Integrate ERP for Order management including Price, stock,
variants
Low Customer acquisition cost & Negotiated deals
For buying-selling, monitoring of supplies and payments
Rich listings of products, Vendor and Product Ratings and Reviews, Price Trend and History
News and Event Section for Regular Updates
Multi Consignee and Multi payment mechanisms
Dispatch, delivery, invoice, Acceptance and Payments
Orchestration platform for Data, Procees, Events and User Experience
Generative AI platform for embedding "in Procees Artificaial intelligence and Analytics
Portal and Mobile App develoment Studio for iterative Experience Design
Comprehensive platform for Events, Micro Services, APIs, Cloud, Headless and embedded AI to compose "signature solution"
Discover the feature-rich functionality of Magic Invoice
Invoice Data Capture
28+ AI Models
Auto-classification
Capturing of invoice data from single/multi-page
documents through multi-channel input sources
and wide variations through an intuitive drag and
drop/Email listening/SFTP Folders/Hot Folders
Human in Loop Capability
API-first,
Cloud-first Solution
Business Rule
Validation
Powered by Intellect’s Doc2API platform, Magic Invoice leverages new-age technologies such as AI-ML-NLP and deep learning, to automate the invoice process cycle end to end. Magic invoice can ingest documents from various sources, classify, contextually capture meaningful data and integrate the output back into the downstream system through APIs.
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