Truvio AP Automation powered by ExFlow
Cut Costs by up to 80% with the Right AP Automation Solution
Finance leaders must protect profitability and cash flow. Truvio AP Automation Powered by ExFlow slashes your Accounts Payable costs, ensures compliance, and mitigates fraud with AI.
Why Is AP Automation Business-Critical?
In times of economic uncertainty, a strong accounts payable department is crucial. Automating the accounts payable (AP) process can reduce processing costs by up to 80% compared to manual methods. More importantly, improving accounts payable processes also enhances cash flow visibility, ensures smooth organizational workflows and strengthens customer relationships.
Streamline your workflows with smart automation to free up resources for strategic initiatives and minimize oversights. Improve compliance through intelligent approval workflows and tighter controls and mitigate the risk of paying invoices you shouldn’t with tighter controls and AI Fraud Detection. Whether you’re eliminating paper-based processes or looking to cut down on errors, Truvio AP Automation powered by ExFlow is the key to driving efficiency and improving financial performance.
The only built-in AP Automation Solution for Dynamics 365 F&O and Business Central
Unlike standalone AP automation tools that require complex integrations, Truvio AP is specifically designed for Dynamics 365, leveraging Microsoft’s advanced data security to create a single source of truth. This embedded approach removes the need for extra middleware or custom development, saving valuable time and resources, while delivering a smooth user experience – meaning little to no additional training required for the finance team.
Interested to hear more about Truvio AP Automation?
Best in Class Accounts Payable
2.1x
more invoices processed “straight through”
51%
less time spent responding to supplier inquiries
81%
more efficient to process a single invoice
79%
lower invoice processing cost
How Truvio AP Automation Works
1. Scanning and Data Capture
Truvio Data Capture powered by ExFlow is an advanced solution designed for precise invoice data interpretation. Utilizing an integrated API, it posts this data directly into Truvio AP. This system ensures quick deployment coupled with minimal support and maintenance expenditure.
Key invoice details, including vendor, reference, invoice number, amount, due date, PO number, and line item specifications, are accurately read, interpreted, and extracted by Truvio Data Capture.
2. Import and validation
Automated batch invoice imports not only simplify your routine but drastically cut down on manual effort. With security as a top priority, Truvio AP conducts fraud validation on each entry. Our system’s smart pre-coding function taps into your existing dimensions, ensuring data is categorized with precision. To top it all, we streamline the process further by providing automated approval workflow suggestions, ensuring a seamless experience from start to finish.
3. Invoice matching
Perfectly align your transactions with header and/or line level matching. Experience the efficiency of automated invoice pairings to Purchase Orders, Projects, Goods Receipts, and beyond. Plus, tailor your workflow with our flexible tolerance and exception management features.
4. Truvio Approval Web
Approve with ease from any device with Truvio Approval Web – whether on a computer, smartphone, or tablet. Adapt to your needs with our flexible and dynamic workflows. Benefit from intuitive coding that simplifies your tasks. Delve deeper with line level approval and enhance collaboration with built-in chat functionality. Plus, every decision is traceable with our comprehensive approval history.
5. BI and Analytics
Truvio AP provides out-of-the box access to Power BI Dashboards that include all necessary KPIs to track AP Automation performance through out the end-to-end invoice process – from import and approval to final posting. The dashboards enable AP organizations to follow-up and measure invoice automation success as well as identify areas for improvement.
Go Beyond Invoices - Take Control of Financial Process Operations with Truvio AP
Automated Month-End Accrual Process
Manual month-end accruals often lead to delays, errors, and inefficiencies. Automating this process allows you to:
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Streamline data collection and reconciliation across departments.
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Ensure real-time tracking of accruals for improved accuracy and timeliness.
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Free your finance teams to focus on strategic initiatives, reducing close cycle times by days.
Forecast with Ease
Make your financial data work for you. Optimize your budget and create better forecasts by leveraging all financial data within your F&O environment. Truvio AP helps you to:
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Consolidate financial data on one unified platform for more accurate projections.
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Enable scenario planning and real-time forecasting to adapt to market changes.
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Minimize manual data handling, improving both speed and precision in financial planning.
Fraud Risk Mitigation
Without robust controls, organizations are exposed to fraudulent invoices, duplicate payments, and unauthorized transactions. AP automation helps you:
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Identify and flag anomalies in real-time with advanced analytics.
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Implement role-based access and approval workflows to prevent unauthorized payments.
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Strengthen overall financial security with AI-driven fraud detection capabilities.
Enhanced Compliance
Meeting evolving compliance standards is critical but challenging with manual processes. Automate your compliance workflows to:
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Maintain audit-ready documentation with detailed and transparent workflows.
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Reduce the risk of fines by ensuring timely and compliant submissions.
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Ensure adherence to global tax and e-invoicing standards with automatic invoice validation.
Stay Ahead of Global E-Invoicing Mandates
As e-invoicing mandates continue to roll out globally, staying compliant is more important than ever. Truvio's E-Invoicing solution ensures your business is ready to meet these demands while simplifying the complexities of regional laws and guidelines.
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Simplify Compliance: Automatically meet global tax regulations and e-invoicing standards.
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Navigate Complex Regional Laws: Adapt to varying e-invoicing requirements across different countries and regions with ease.
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Stay Future-Proof: Be prepared for evolving mandates and regulatory changes with a solution built to adapt.
Request a demo, and we’ll get back to you with details so you can have all your questions answered in one session.
Words from some of our customers
Monica Kousgaard Franck
Finance Applications Specialist at Norlys
Jason Green
D365 Finance and Operations Consultant at Bremworth
Tom Carlson
Controller at Reliable Medical
Chen Chen Long
Head of AP at BC Invest