It successfully eliminates invoice fraud. As a result, Hermes clients reported evident drops in their losses, backlogs, and overall costs.
“Our clients have been delighted with the outcomes our AP automation solution has achieved for them, especially with the addition of the 3-way matching process,” says Thomas John, CEO of Calpion, the developer behind Hermes.
The new 3-way matching feature allows easier tracking of three elements: the purchase order, the receipt of the goods, and the supplier invoice.
“With this new tool, clients can accurately track the quantity requested against the quantity received. This makes it impossible to create fraudulent or duplicate invoices, ensuring that their financial health is protected,” John explains.
Since its launch, Hermes;has been lauded as one of the best AP automation solutions available.This powerfulsoftware can handle all types of invoice variations efficiently and accurately by combiningartificial intelligence, optical character recognition, robotic process automation, and machine learning. It is programmed to adapt to anyinvoice formatit encounters; todigitize the entireAPprocess and cut costs.
With the 3-way matching update, Hermes can thoroughly cross-verify supplier invoices, purchase orders, and goods receipt notes to eliminate misfiling and invoice fraud. It also validates purchase transactions whilevirtually eliminating delays in invoice approval.
“Many of our clients used to overpay their suppliers and lose money, but with Hermes, they can now automatically detectduplicate invoices andprevent fraud,” John says.
“They also reported better relationships with their vendors and suppliers because they can process and pay legitimate invoices much fasterwhile producing error-free invoices and receipts,” he adds.
Hermes likewise allows businesses to maintain accuracy and consistency in their financial records to reduce liability. It helps audit teams spot errors, lost invoices, or late payments and deal with them instantly.
Those interested in trying Hermes can schedule a call at www.automateinvoices.com.
Media Contact
Lisa Williams
Plutus Health Inc.
Tel: (496) 242-6053
Email:
[email protected]
4835 LBJ Freeway, Suite 300,
Dallas, TX 75244