MyiQ.Ai

MyiQ.Ai is an advanced AP Invoice Automation software designed to streamline the accounts payable process. By leveraging cutting-edge AI and OCR technology, MyiQ.Ai helps businesses save time and reduce costs associated with invoice processing. With features like automatic data validation, streamlined approvals, and real-time reporting, MyiQ.Ai empowers AP teams to focus on strategic initiatives rather than mundane tasks. Experience up to 60% cost savings and 95% error elimination while managing invoices from multiple sources seamlessly.

Features of MyiQ.Ai

1. Invoice & Line Item Capture

Reduce manual data entry and human error with AI-based OCR and machine learning technology that instantly captures and codes your invoices. This feature ensures accuracy and efficiency in invoice processing.

2. Automatic Data Validation

Automatically validate invoices against corresponding purchase orders, receipts, and invoice numbers using 2-way and 3-way matching for enhanced accuracy. This minimizes discrepancies and ensures compliance.

3. Streamlined Approvals

Accelerate invoice approvals with streamlined workflows, routing invoices to the right user based on custom-built rules, regardless of complexity. This feature enhances collaboration and speeds up the approval process.

4. Accrual Automation

Simplify month-end closing for AP teams by generating accurate accrual entries, saving time and reducing manual errors while gaining cash flow visibility. This feature aids in better financial planning.

5. Manage Multiple Entities

Effortlessly add and manage affiliated entities along with their invoices, assigning granular user roles for enhanced control and visibility. This is particularly useful for businesses with multiple branches or subsidiaries.

6. Informed Decision Making

Access real-time reports to identify trends, optimize processes, and make data-driven decisions that improve financial performance. This feature empowers AP teams to strategize effectively.

Frequently Asked Questions about MyiQ.Ai

What is MyiQ.Ai?

MyiQ.Ai is an AI-powered AP Invoice Automation software that streamlines the accounts payable process, reducing manual effort and errors.

How does MyiQ.Ai help in invoice processing?

It automates data capture, validation, and approval workflows, significantly speeding up the invoice processing time and reducing costs.

Can MyiQ.Ai integrate with existing ERP systems?

Yes, MyiQ.Ai supports ERP integrations, allowing seamless data flow between systems for enhanced efficiency.

What kind of cost savings can I expect?

Users can save up to 60% on their AP invoice processing spend by utilizing MyiQ.Ai's automation features.

Is there a demo available for MyiQ.Ai?

Yes, you can book a free savings analysis and demo through the MyiQ.Ai website to see how it can benefit your organization.