Febi.aiWHY IS MANAGING ACCOUNTS PAYABLE CHALLENGING FOR BUSINESS?
Having paper-based invoicing systems are often associated with lost invoices, resulting in unnecessary stress, missed vendor payments and delays.
Relying on physical sheets and documents and multiple Excel Worksheets can be confusing and consume productive time in sorting and managing invoices payable. Result—frequent errors and slower workflows.
Manual data entry and invoice processing consumes valuable time and effort.
Without live visibility on payments, it’s hard to keep a track of where your payments and cash flow stand.
Clients that Trust Febi’s Automated Accounts Payable Capabilities
From solo entrepreneurs to startups and large enterprises, leading brands across India trust Febi.ai for accurate, quick and simplified accounts payables. Join the growing list of businesses that rely on it.
Features of Febi’s Accounts Payable Solution
AI in accounts payable processing and management is seen to reduce manual labour by more than 40% and lower the risk of errors by 35%. Here’s why the industry’s leading brands trust Febi:
Generative Artificial Intelligence-driven models process invoices in real time
Automated approval workflow for invoices
Three-way matching in accounts payable: PO, GRN and invoices
Real-time analytics and customised reports
Live validation checks during invoice processing
Accessible vendor portal
Smart document management
Seamless integration with multiple ERPs
REAL TIME WORKFLOW OF FEBI.AI’S AP MODULE
Input
Real Time Processing
Output
Erp's API integration
Upload Documents on platform
Email to dedicated ID
WhatsApp Documents
Erp's API integration
Reports & Analytics
Document Management
Reconciliation & Automated Payment
Compliance check
Duplicate check
Data Security
IDP
Text invoice verification
GST-based Verification
PAN-based Verification
E-Invoice Check
On different matrix
Different file type
Check change in file name
Avoid duplicity at initial level
AWS server
2-Factor authentication
Re-Dash AI Model
Auto Categorization
Auto Post Entry
Auto Post GST / TDS / TCS
WHY CHOOSE FEBI.AI?
Avoid Late Fees and Penalties
Stop paying unnecessary late fees and penalties with Febi’s smart AP automation capabilities. It lets you track all bills payable accurately and effortlessly.
- Three-way matching of Purchase Order (PO), Goods Received Note (GRN) and Invoices ensures complete accuracy and eliminates discrepancies.
- Complete payments directly from the Connected Banking feature on your personalised Febi dashboard.
Smart Document Management
Managing all your business and financial documents in a single place has never been easier!
- Save and access all your invoices and documents digitally, ensuring your business data is secure and accessible through Role-based access control (RBAC).
- Simplify document tracking with smart categorization and storage.
Enjoy Early Payment Discounts
Now you can enjoy multiple opportunities to save on your payables! Febi.ai Accounts Payable solution helps capitalise on early-payment discounts.
- Boost business ROI by up to 30%, resulting from optimised financial processes and live predictive insights
- Grow your business cash flow with incentives on invoices payable before due dates
Reduce Errors
No more worrying about discrepancies in invoices or missed payments.
- Drastically cut down on manual entry errors.
- Eliminate costly financial mistakes and ensure smooth business operations.
- Move repetitive tasks to automation so your team can focus on high-impact operations.
Minimise Labour Expenses
Data indicates that automating accounts payables lowers repetitive manual work by up to 40%.
- Remove redundant labour cost
- Switch team to high-impact projects and tackle critical operations
Optimise Efficiency
Turbocharge your employees efficiency, powered by AI processes and smart financial analytics. It’s time to get more work done, without the manual hassle.
- AP solutions can increase employee productivity by 25% from streamlined workflows and analytics
- Make smarter decisions with real-time predictive insights
Seamless Integration with ERPs
Enjoy structured financial workflows with seamless compatibility.
- Connect with Febi.ai experts to discuss your integration requirements.
- Synchronise existing ERP with Febi’s AP automation platform and other capabilities
Cost-Effective Flexible Pricing
Regardless of whether you are a solo entrepreneur or managing a large enterprise, and the growth stage your business is currently at, Febi’s pricing is designed to best support and grow with you.
- Designed to align with your company’s annual turnover and capability requirements.
- Customizable Accounts Payable module to suit the unique needs of every business.
- Cost-effective monthly and yearly subscription plans for solo entrepreneurs, startups, medium-sized organisations or large enterprises.
Frequently Asked Questions
Got questions? We’ve got solutions.
What is Accounts Payable automation?
AP, or Accounts Payable automation is the use of the latest tools and technology to streamline accounts payable princess in a business. This means, from the point of receipt of invoice to final payment against them, the entire workflow is seamlessly managed by AI.
How does AP automation function in a business?
The process of accounts payable automation is straightforward. Febi.ai’s AP automation module captures your invoice data with the help of API integration, or documents uploaded to the platform or those shared via email or WhatsApp. Its generative AI-driven model processes it in real time.
The output is API integration, access to live reports and analytics, paperless document management and reconciliation and automated payments. With Febi’s connected banking feature, businesses and CFOs can directly approve payments from the platform.
What are the key advantages of automating accounts payable?
Using an AI-powered AP solution helps businesses save costs, lower processing times, boost accuracy and build stronger vendor relationships.
What features are the most important in an AP automation software for business?
Some essential features to look for in an accounts payable software are live validation checks, seamless integration with APIs, automated approvals, 3-way matching, etc.
Which is the best AP automation software in India?
Febi.ai is India’s first cloud based Accounts payable, bookkeeping and financial management solution. It offers real-time accounting, predictive analytics and unparalleled features to enable businesses and startups to thrive.
Move Your Accounts Payable from Reactive to Proactive
It’s time to change the way you manage your payables. Febi.ai is here to help you take the leap.
