Artificial Intelligence OCR: Built on artificial intelligence principles, our technology leverages deep learning methods and multi-level analysis. Our solution can process text, documents and data faster, more accurately, in continuous flow and in greater volume, eliminating manual work and streamlining document-intensive processes.

Our system automatically captures invoices at points of arrival, regardless of their format or medium, allowing you to have full visibility for your AP staff. 

PEPPOL eInvoicing enabled: RapidAP has out-of-the-box connection to the PEPPOL network to allow the receipt and processing of supplier e-invoices into your finance system ready for payment.

ERP Integration Studio: By using the Integration Studio, you can add data sources and data targets to provide access to your legacy ERP systems. You can retrieve subsets of information using conditions dependent on data within forms and allow external databases to be updated when critical events occur. Several supported protocols including REST, SOAP, and FTP allow integration with any ERP system.

Compliance and Control: Another essential function of RapidAP is the ability to enforce governance, compliance and control through a fully automated business rules engine. The automated compliance rules cross-check information extracted off the invoice against the ERP master vendor data and duplicates to ensure any anomalies are identified.

If the system finds an error then a specific user, role or group will be automatically notified and sent an alert and supporting Information to assist with resolving the issue.

Fraud Detection: The system also performs several automated fraud detection checks. Some of these checks include a tax algorithm query that automatically validates against the entry in the ASIC online Australian Business Register (ABR). 

The system will also run a GST vendor check to ensure that the vendor claiming GST on their invoice has not deregistered since they were on-boarded by your organisation. 

Form Design & Maintenance: RapidAP uses forms to log in, view invoices, match invoices to PO’s, perform GL coding, handle and resolve exceptions, provide approval or rejection and other similar tasks.
It is vital to provide an experience that guides the user effectively through the workflow in a user-friendly interactive web form. For that reason, we have developed and designed the forms using the latest web technologies that are responsive, browser independent, device independent, scalable, robust and easy to maintain and support.

Document Repository: As part of the technology offering, RapidAP provides an integrated invoice library to complement the end-to-end invoice life-cycle. This library will provide deep search access to what has traditionally been dark data. 

This data can then be accessed for a myriad of requests such as supplier queries, audit history reporting, invoice tracking, supplier spend, invoice status and monthly accruals. Information can be accessed through drop-down filters at the click of a button, from anywhere on any device, all the while improving visibility and transparency at every point in the process.

Reporting: Whilst the ERP is the single source of truth for financial reporting, Rapid AP solution offers performance metrics to measure operational activity. The solution is designed to report on out of the box metrics as to the inflight reporting of an invoice throughout its lifecycle. Likewise, the underlying SQL database can be accessed from additional BI and reporting tools. Typically, reporting includes invoice lifecycle data, such as invoice volume by status, invoice exception type, validation operator performance, weekly process throughout and much more. Essentially there is the ability to expose any and all information within the solution to users in a meaningful way.

In short, Rapid AP is a web-based, configurable framework, specifically designed to complement your ERP and finance function. With user-friendly and fast deployment principles, we ensure strong efficiency dividends and highest user-adoption levels