The software can run 24/7 and is designed to shorten the average invoice processing task from 5 minutes to only 20 seconds. For a company that processes 1,000 invoices per week, this translates to 77 hours saved.
“Manual AP processing requires full-time equivalent (FTE) employees to spend several hours examining invoices. This human intervention also results in backlogs and errors, causing payment delays,” explains Thomas John, CEO of Calpion, the company behind Hermes.
“In contrast, Hermes’ AI-powered AP automation software delivers robust invoice management that enables companies to process invoices 24/7. It’s the perfect AP automation solution for companies looking to scale up,” he adds.
The fully automated advanced invoice management software unburdens teams from mundane, repetitive tasks while improving the AP process. A cloud-based solution, it combines optical character recognition and robot process automation, where bots are trained using machine learning and artificial intelligence.
Hermes allows clients to leverage cutting-edge technologies without requiring additional IT infrastructure. It has been shown to save clients as much as 90 percent in invoice management costs because it only requires 10 percent of FTEs to run the software.
This innovative solution also recognizes general ledger codes and maps them correctly with invoices. This results in enhanced AP workflow tracking to improve efficiency while reducing the need for human intervention when processing large amounts of data. In addition, Hermes enhances the flow of data, which is critical when archiving for IRS purposes.
“Our goal moving forward is to show more clients how Hermes can streamline their AP processes, eliminate the possibilities of manual errors, and improve performance,” says John. “We’re encouraging companies to book a demo and try Hermes to find out how it can work for their business.”
More information is available at automateinvoices.com.
Tel: (469) 242-6053
Email: [email protected]
4835 LBJ Freeway, Suite 300,
Dallas, TX 75244