Developed by Accountants for Accountants, with 15 years of expertise, Reconify is there to help get the job done.
Using an AI model to ingest documents which allows the process to start immediately with no training of data. Documents (invoices, Statements, Credit Notes, POD, GRN) are brought directly into the system and for AP, are either written into the Purchase Ledger or routed according to the required process. From ingestion to reconciliation and payment, Reconify does it all.
During ingestion we follow an intelligent process to check for:
Harnessing automation streamlines administrative processes and empowers distributed management capabilities. This is achieved through the automated enforcement of predefined business rules for critical functions, including security vulnerability checks, purchase order value thresholds, and approval workflows.
Process acceleration is achieved through simplification and digitization initiatives, leading to enhanced production quality via error-free operations. These improvements can yield process time reductions of up to 90%.
Automated systems operate continuously, 24/7/365, thereby freeing up valuable time. By placing routine tasks on autopilot, personnel can concentrate on value-added activities that enhance customer experience and drive exceptional outcomes.
The implementation of automation allows personnel to redirect their efforts towards higher-value activities, including data interpretation, decision support, customer relationship management, and business growth initiatives. Robotic Process Automation (RPA) is particularly effective in automating work processes characterized by manual effort, repetitive tasks, and a high potential for human error.