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AI-Driven Accounts Payable Automation for Aviation
Enabling aviation enterprises faster invoice processing to optimize cash flows
Accounts Payable Challenges Unique to Aviation Industry
High invoice processing cycle time
The large volume of invoices requires significant time to review, validate and process
Processing non-PO invoices
40-70% of invoices are Non-PO due to indirect spends/service invoices resulting maverick spending
Duplicate payments and fraud detection
Working with multiple vendors are prone to duplicate payments due to processing errors
Vendor communication
Hundreds of productive hours lost in replying to supplier queries
Explore Zycus AP Automation Solutionโ
AI-led Accounts Payable Automation for Aviation Enterprises
Faster Invoice Extraction and Matching
- Achieve high STP with accurate data extraction of invoice headers and line items
- The invoices are processed through a 2-way or 3-way match per the required tolerances
Processing Non-PO Invoices
- Streamline Non-PO invoice processing with Merlin Al's automated cost allocation prediction for line items, reducing coding time and effort
- Merlin Al's auto-training capabilities allow the system to learn continuously from invoice patterns and reduce the need for manual review and processing
Fraud Prevention
- Utilize automated anomaly detection technology to identify and prevent fraudulent payments by flagging vendors
- Scanning of every invoice to detect and flag potential duplicates, reducing the risk of overpayment
Vendor Communication
- Zycus AP Smart Desk uses NLP and ML algorithms to identify email types to extract relevant data, and automate invoicing email processing
- Auto-replies to query emails and creates invoices for processing emails freeing up AP resources for strategic tasks
Aviation Enterprises Trust Zycus
Zycus helped a leading swiss aviation enterprise streamline their AP processes
โฌ10,000
Invoices processed in 2 days
62%
Reduction in Cost per Invoice
75%
Improvement in Invoice Processing Time
Our Marquee Clientele
Why Leading Enterprises Love Zycus!
North American health insurer achieves 98% accuracy in invoice data extraction with Zycus
Leading business solutions provider drives procurement efficiency with Zycusโ AI-powered solutions
Global automobile manufacturer transforms invoice processing with Zycus Merlin AI suite
Resources
Navigate through and come out stronger from a recession with AI-powered AP automation
Assess your e-invoicing maturity against peers and plan for effective change management
