Automated Invoice Processing
AI-powered invoice matching and reconciliation. Eliminate manual data entry and accelerate your financial close.
Solution fit
When Invoice Reconciliation is the right workflow to automate
Direct answer
New Odyssey's invoice reconciliation solution automates the tedious process of matching invoices to purchase orders and receipts. Our AI agents extract data from invoices in any format, match them against your ERP records, flag discrepancies for review, and route for approval. The result: faster payments, better vendor relationships, and a streamlined financial close.
Best for
- Reduce invoice processing costs by 70%
- Accelerate payment cycles
- Capture early payment discounts
Not for
- Workflows with no reliable source system or owner
- Teams expecting automation without business rules or approvals
- Projects that only need a one-off data export
Target systems
- sap
- netsuite
- microsoft 365
Implementation path
Week 1
Confirm source systems, workflow states, and approvals.
Weeks 2-4
Deploy automation, routing, and operator controls.
Weeks 5-6
Move into production and track operational ROI.
Selected proof
70%
Cost Reduction
90%
Auto-Match Rate
3 days
Faster Close
99.5%
Accuracy
New Odyssey's invoice reconciliation solution automates the tedious process of matching invoices to purchase orders and receipts. Our AI agents extract data from invoices in any format, match them against your ERP records, flag discrepancies for review, and route for approval. The result: faster payments, better vendor relationships, and a streamlined financial close.
Benefits
- Reduce invoice processing costs by 70%
- Accelerate payment cycles
- Capture early payment discounts
- Eliminate duplicate payments
- Improve vendor relationships
- Speed up month-end close
Features
- AI extraction from any invoice format
- Three-way matching automation
- Exception handling workflows
- Approval routing by amount and category
- ERP synchronization
- Real-time processing dashboards
How It Works
- 1
Invoice Capture
Invoices from email, portal, or EDI are automatically captured and queued.
- 2
Data Extraction
AI extracts vendor, line items, amounts, and payment terms from any format.
- 3
Matching
System matches invoices to POs and receipts, flagging discrepancies.
- 4
Approval
Matched invoices route for approval based on your business rules.
- 5
Payment
Approved invoices sync to your ERP for payment processing.
Key Metrics
70%
Cost Reduction
90%
Auto-Match Rate
3 days
Faster Close
99.5%
Accuracy
Related Solution Paths
SAP Integration
Intelligent SAP integration for enterprise automation. Connect your ERP to modern systems with AI-powered workflows.
Learn moreNetSuite Integration
NetSuite AI automation for growing enterprises. Unify your financial and operational data with intelligent workflows.
Learn moreAI Readiness Assessment
Score this workflow against integration readiness, governance needs, and rollout complexity.
Learn moreCustomer Case Studies
Review how teams operationalize New Odyssey across real enterprise workflows.
Learn moreInvoice Reconciliation FAQs
Plan the right rollout for Invoice Reconciliation
Use the assessment to qualify the workflow, buying motion, and next best step before jumping into delivery.