detroit, October 25, 2023 /PRNewswire/ — As part of our unwavering commitment to strengthening multi-entity accounting efficiency, gravity software® is proud to introduce new AI technology to transform your accounts payable process. This innovative solution uses the Microsoft Cognitive Services AI engine to convert vendor invoice PDFs into Gravity Vouchers, significantly reducing the need for manual data entry and corrections.
Accounts Payable Automation with Gravity Software’s AI Technology
Accounts payable departments spend more than a third of their time manually entering vendor invoice data within accounting systems, and even more valuable time is lost to management for timely invoice payments. Assigning for approval. By integrating Microsoft’s Power Automate workflow engine for approvals and AI-driven data entry capabilities, Gravity significantly improves operational efficiency for accounts payable departments.
One of the standout features of Gravity’s enhanced solution is that it provides a dedicated email address for vendors to easily send invoices. This not only simplifies the invoice submission process but also ensures a smooth and efficient transition to the Gravity Voucher system. Users can review the extracted data and make any necessary adjustments, ensuring precision and precision at every step.
“This is a significant milestone in our mission to improve the financial operations of small and medium-sized businesses,” said Gravity Software President and CEO. John Silvani Said. “For many accounting teams, processing accounts payable is a primarily manual, time-consuming process that is prone to human error. By leveraging Microsoft’s advanced AI capabilities, we are improving accuracy and We pride ourselves on providing solutions that not only increase efficiency, but also significantly reduce manual intervention and risk of human error.”
gravity’s Accounts payable automation using AI technology delivers significant cost savings and increased operational efficiency for businesses of all sizes. With just a click, Gravity’s system generates a voucher and automatically attaches the vendor’s PDF for quick and easy reference. This seamless integration increases transparency and compliance throughout the AP process, enabling finance teams to prioritize strategic tasks and deliver added value to their organizations.
Gravity users experience unparalleled ease when processing their invoices. A user-friendly interface allows finance teams to review extracted data and make necessary adjustments, ensuring compliance and transparency in AP processes. With just a click, an accurate invoice is generated and the vendor’s original PDF invoice is automatically attached for your reference.
Here are the key benefits of Gravity’s accounts payable automation using AI technology:
- Improved accuracy – Microsoft’s Cognitive Services AI engine ensures incredibly accurate data extraction and reduces the risk of errors associated with manual data entry.
- Cost-effectiveness – By minimizing the need for manual data entry and correction, organizations can significantly reduce labor costs and increase overall cost efficiency.
- Efficienty – Streamlined processes allow finance teams to process invoices faster, increasing overall efficiency and freeing up time for more strategic tasks.
- Transparency – Generate accurate vouchers with the click of a button, ensuring transparency and compliance in your AP processes.
as Cloud-native accounting software built on microsoft power platform, Gravity remains at the forefront of technological innovation. Microsoft’s significant investments in automation and AI, including the recent introduction of Power Virtual Agents and AI Builder, ensure that Gravity users are the first to benefit from the latest features and automation solutions, helping them stay ahead of the industry. You will be able to achieve increased efficiency while doing so. competition.
Gravity’s accounts payable automation solution enables finance teams to focus on strategic tasks and business growth initiatives while minimizing the risk of manual errors and ensuring AP process compliance.
These new features will be available to Gravity Software users immediately. Additional charges apply for AI-powered invoice processing.
About Gravity software
Gravity Software is the recommended accounting solution for medium-sized organizations with multiple locations and legal entities, including family offices, franchises, healthcare, investment, and hospitality companies. More than 3,200 of his companies in more than 30 countries rely on Gravity for multi-entity accounting, including more than 350 family office companies. G2 has been recognized by Gravity as a high-performance, user-friendly solution for several years in a row. We have also been named a Top 15 Accounting Software Vendor by BusinessSoftware.com and a Top Accounting Solutions Provider by CFO Tech Outlook.
If you would like to learn more please visit: www.gogravity.com or Schedule a demo.
media contact
name: Valerie Silvani
Title: Vice President of Sales and Marketing
Phone: 844-464-7284
Email: [email protected]
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