Capture all your invoice data electronically and automate extraction, matching, and posting with Artificial Intelligence by AMP Invoice Management.
Eliminate Human Error
Eliminate manual work and let AI cover repetitive tasks. AMP minimizes exception handling and error correction through the benefits of machine learning technology.
Cut Processing Costs
Invoice handling can cost up to €30,- per invoice for SAP® customers. AMP Invoice Management reduces your handling costs by up to 91% through the power of AI automation.
The process is started by uploading optical invoice documents through file upload. The AMP intelligent invoice processing solution can process optical invoice documents in pdf, jpeg, img or png format. When the document has been uploaded, the user has access to the optical version of the invoice directly from the SAPGui.
2. Data recognition, extraction & validation
Using a combination of OCR and AI technology, the AMP intelligent invoice processing solution identifies and extracts data from relevant invoice fields. It performs invoice matching against master data in addition to PO matching.
3. Data review and invoice approval
The Invoice approval process becomes easier thanks to the SAP integrated document processing cockpit, where documents can be manually verified or put on hold pending verification or completion of missing information. Manually or automatically approved invoices can be automatically posted in the background for approved vendors.
4. Invoice parking or posting in SAP
After the Invoice approval process is completed, the SAP integrated document processing cockpit allows the user to either park, or directly post the document in SAP. The parked and posted documents as well as the optically stored invoice document are accessible directly from the AMP document processing cockpit.
Automaticefficiencywith AMP Invoice Management
Companies lose substantial amounts of money due to inefficient manual invoice processing. Errors are made on entry, but also cash discount opportunities are missed and late fees are incurred due to long invoice processing times.
The artificial intelligence driven invoice automation provided by AMP Invoice Management significantly speeds up tasks and eliminates errors. The result is an efficient and less labor-intensive invoice processing workflow enabling you to better seize early payment discounts and prevent late payment charges through faster invoice processing.
Capture all your invoice data electronically and automate extraction, matching and posting, and accelerate the invoice processing cycle with AMP Invoice Management.
Automaticefficiencywith AMP Invoice Management
Companies lose substantial amounts of money due to inefficient manual invoice processing. Errors are made on entry, but also cash discount opportunities are missed and late fees are incurred due to long invoice processing times.
The artificial intelligence driven invoice automation provided by AMP Invoice Management significantly speeds up tasks and eliminates errors. The result is an efficient and less labor-intensive invoice processing workflow enabling you to better seize early payment discounts and prevent late payment charges through faster invoice processing.
Capture all your invoice data electronically and automate extraction, matching and posting, and accelerate the invoice processing cycle with AMP Invoice Management.
SAP accounts payable automation in numbers
91% Invoice handling cost reduction
81% Faster invoice processing time
90% Cash discount realization rate
Discover how you can automate your invoice processing
The document information is extracted by means of artificial intelligence and machine learning in combination with OCR technology. It is then presented in electronic format for further processing.
AMP intelligent invoice processing is fully integrated into SAP®. The master data in SAP® can be accessed directly. Functions, technologies, and messages available in SAP are sometimes used. No administrator has to be trained in new software, because AMP is completely integrated in SAP®.
Proud partner
AMP Invoice Management and Finmatics are proud partners. Leveraging the technology Avis Budget Group uses in the AMP Invoice Management solution and bringing the benefits of AI and Machine Learning technology into easy reach for SAP® customers.
Request a free demo
Schedule a meeting with an AMP expert today and discover the many features and possibilities of AMP in a short 30 minute consultation.
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